Unlike most asset managers, Novelist does not charge performance fees, where you give up a portion of your profits. All the profits we generate for you remain entirely yours. You only pay a management fee of 3% per year. This management fee is calculated daily based on your total assets and is settled monthly.
Example of the Management Fee
Suppose you invest €5,000 on January 1st, and this amount remains the same throughout the year. You would pay a 3% annual management fee, which amounts to €150 per year. However, this fee is calculated daily and charged monthly. For example, at the end of January, €12.50 would be charged.
No Hidden Costs
At Novelist, we keep it simple. There are no hidden costs such as setup fees, cancellation fees, performance fees, transaction fees, or charges for depositing and withdrawing money. This means you will know exactly what you’re paying and won’t encounter any unexpected costs.