The costs of an investment are of central importance, because they directly eat into your returns. Among the return killers are one-off front-end loads of up to five percent, annual charges of up to two percent for managing a fund, and costs that are easily overlooked, such as trading costs and any performance fees for the fund manager.
The so-called total cost ratio, also known as the total expense ratio (TER), which many banks quote, is meant to provide transparency, but it only accounts for a fund's management and administration costs, not its trading costs and any performance fees that may apply. The front-end load isn't included either. Yet without considering all the costs actually incurred, sound investing isn't possible. This is where quirion's cost calculator provides transparency.
We hide nothing
Our new cost calculatorshows at a glance what investing with quirion costs, and compares those costs with those of a conventional investment – such as the products of your local bank – and with the costs at other robos. Using the slider, you can choose the investment amount and click on the package you want – Basis or Comfort. The cost calculator instantly works out the cost advantage. At quirion, we manage the first €10,000 free of charge, and only the fund costs apply. After that, the fee in the Basis package is 0.48 percent of the additional investment volume per year including VAT, and 0.88 percent per year in the Comfort package. There are no hidden costs and no further charges. This makes quirion unbeatably low-cost. In Stiftung Warentest's robo comparison, quirion received the best quality rating at the lowest costs.
How do we do it? We consistently make the most of the advantages of the digital world, working with lean structures and optimized processes. Another major cost lever is our scientifically grounded investment strategy. We invest independently and exclusively in low-cost funds – so-called index funds and ETFs.
Here you'll learn everything you need to know about the costs of investing (including worked examples) and why investing with quirion also beats the do-it-yourself approach.
Smart investing at low cost – hard to believe, but true.
Your investment amount: €30,000
Global portfolio
0.48%p.a.,
invest €10,000 free of charge for one year
Retirement provision
0.68%p.a.
Sustainable portfolio
0.68%p.a.
incl. a personal advisor near you, every investment strategy for 0.88% p.a.
Your annual costs from the second year onward
quirion
€144
(0.48% of the investment amount)
external ETF costs
€51
(0.17% of the investment amount)
Total costs
€195
(0.65% of the investment amount)
In the first year, we manage €10,000 free of charge, saving you the quirion fee of €48.
Your total costs compared
1 year5 years15 years
€678conventional investing
€379robo-advisor
€147quirion
Your investment amount: €30,000
