At Sharesies, we’re on a mission to create the most financially empowered generation. We’re always thinking about how we can make investing accessible to as many people as we can. That’s why from today, Thursday 29 April 2021, we’re making some changes to our pricing.
No subscription fee on Sharesies accounts
We’re dropping monthly and annual subscription fees from all Sharesies accounts. This means you’ll be able to invest for the long term without the ongoing subscription cost. If you paid for an annual subscription, you’ll get a refund for the months remaining on your subscription.
Transaction fees on NZ exchange-traded funds (ETFs)
We’re making our pricing more consistent by adding the Sharesies transaction fee to NZ exchange-traded funds (ETFs). You’ll pay the same transaction fee for investing in NZ ETFs as you do for investing in NZ companies, as well as overseas companies and ETFs. Don’t worry—you’ll always see the ‘estimated transaction fee’ before you confirm your buy or sell order.
Transaction fees are based on the dollar value you buy or sell:
0.5% for orders up to $3,000, then
0.1% for any amount above $3000.
Transaction fees apply to all accounts, including Kids Accounts and auto-invest orders (included in your auto-invest amount). Now might be a good time to review your auto-invest order.
When you invest in ETFs, you’re also charged a management fee. This is charged by the fund provider, not Sharesies. The fees are different for each fund, so check the fund info before you invest.
For more info on our current fees, check out our pricing page.
Let us know what you think
If you have any questions about these changes, reach out to us at firstname.lastname@example.org. We’re always reviewing our pricing, and would love to hear your thoughts.