The Austrian Financial Market Authority (FMA), in accordance with its legal obligation to do so, today published the findings of its survey for 2018 for market standard fees and charges of investment firms, issuers as well as custodian banks on its website. Fees within the following ranges were determined as being market standard:
- Investment firms usually bill between € 150 and € 300 per hour as an advisory fee or 0.5% to 1.5% of the invested assets per year. Performance-dependent remuneration stand at between 10% and 20% of the performance during a certain time frame.
- Issuers of financial products with a high risk usually pass on an entry charge of between 2.5% and 5.5% of the purchased volume; in the case of financial products with a medium risk there is a entry charge of between 2% and 5%; and in the case of products with a low risk the entry charge is between 1% and 5%.
- Custodian banks charge 0.1% to 0.5% of the invested assets per year; Fees and transaction charges are between 0.15% and 0.75% of the amount of the transaction.
“The ranges of fees that are published by the FMA are intended to provide clients with some orientation when making use of investment services”, commented the FMA’s Executive Directors Helmut Ettl and Klaus Kumpfmüller. “Providers must also make their clients aware of this FMA publication. These identified market standard fees do not constitute a regulatory standard and providers may also charge fees that diverge from the market standard fees.”
The data were collected, as legally prescribed, by the Trade Association for Financial Services Providers of the Austrian Economic Chambers (WKO), which represents the interests of financial services providers.
More detailed information may be found on the FMA website at:
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson)
+43/(0)1/24959-6006
+43/(0)676/882 49 516