Betashares Direct - Fee Free Investing on ASX-Listed ETFs @ Betashares

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LZCS on 07/11/2023 - 14:20 betashares.com.au (2705 clicks)
Last edited 08/11/2023 - 09:32 by 2 other users

Apparently no fees, no brokerage, own Betashares platform for all Betashares shares and all ASX EtfS

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Copied from the website:

What are the fees and costs for using Betashares Direct?

Betashares Direct aims to keep your costs low, to help you maximise your investment returns over the long-term.

No brokerage fees apply for investing in, or selling, ETFs using Betashares Direct.
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If you decide to automate your investing using an AutoPilot Portfolio (pre-built portfolios or custom portfolios), low monthly portfolio fees apply. These portfolio fees don't apply to an AutoPilot custom portfolio with a single Betashares ETF.
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Interest income received by Betashares on the cash balance in your Cash Wallet is charged as a Cash Administration Fee, however, this fee is not directly deducted from your Betashares Direct account. No minimum cash balance applies to your Cash Wallet.
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No other account or transaction fees apply to your Betashares Direct account.
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Consistent with Betashares philosophy and focus on helping clients build long term wealth, Betashares Direct is subject to a fair use policy, to ensure the platform is not used in an excessive manner.

For more information on the above fees and costs, please refer to the Product Disclosure Statement and Financial Services Guide

Do platform fees apply to your individual ETF holdings on Betashares Direct?

No platform fees apply to individual ETFs held in your Betashares Direct account (i.e the ETFs held outside an AutoPilot Portfolio).
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Please note that interest income received by Betashares on the cash balance in your Cash Wallet is currently retained by Betashares as a Cash Administration Fee. This fee is not directly deducted from your Betashares Direct account. No minimum cash balance applies to your Cash Wallet.

For more information on the above fees and costs, please refer to the Product Disclosure Statement and Financial Services Guide

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      Brub on 08/12/2023 - 15:17

      Oh, where can I read about this? I didn't know that Betashares offered an SMSF option…only Stake?

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        SlickMick on 08/12/2023 - 15:39

        nah, when I signed up for beta I asked about SMSF and they said they'd let me know when available… hopefully not too long.

        Vanguard and CMC allow SMSF accounts… I have trouble getting my trustees to sign up though.
        I reckon CMC is the best option. They have a great online signup too - so long as no trustees have got married and changed their name!

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          Brub on 08/12/2023 - 15:44

          @SlickMick: I need to look into an SMSF. I'm only relatively young - 28 - but have heard about the benefits of using one. Would you recommend CMC?

          I had looked into Stake originally, but the fees were pretty high.

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            SlickMick on 08/12/2023 - 16:28

            +1

            @Brub: I haven't used CMC, because my application went to hell because one trustee's ID docs didn't match the name on the trust deed.
            IIRC they offered free international share and ETF trades, and their application process seemed really good (except not allowing for change of name).

            Trading fees don't matter too much for investing. I use SelfWealth at $9.50 per trade, but I usually buy $40,000 at a time so it's not really significant. I only do max of a few trades per year.
            I would like to do weekly investments in ETFs, which need $0 fees or too much goes in fees. I'd still buy shares with SelfWealth (CHESS sponsored), and use a free account for ETFs.

            Re getting a SMSF: it depends what you want to invest in. If you just want to invest in ETFs, your industry super fund would probably be easier and not cost much more.
            If you want to choose your own stocks, or invest in property or anything else, it's probably the way to go.

            There are some stupid government-imposed costs to try to make it less attractive: a $259 levy, an audit that will cost $300 if you find a cheap one, and your auditor will probably expect you to use professional bookkeeping software: I use BGL for I think $220pa. Since they have integrations with your bank account, trading account, and super stream deposits, it's probably good value rather than trying to track everything in spreadsheets. I used to use esuperfund that just has you enter all the details and they do the audit and do all the bookkeeping, but they put their price up every year. I started at $600pa but up to $1199pa now.

            I'd suggest using a company trustee so you can change directors without changing the ownership of assets. I wish someone had pointed that out to me!

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        SlickMick on 16/11/2024 - 15:07

        I just stubbled across this old thread, and thought I'd let you know that Betashares does allow SMSF accounts now

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  Charlie Dont Surf on 14/11/2024 - 16:54

  ASX shares (top three hundred stocks or thereabouts) are now also part of this product.

  Pretty compelling offer! Competition is great.

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  izkai67 on 15/11/2024 - 08:33

  Are you saying we can buy stock like cba with no fee?

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    Charlie Dont Surf on 15/11/2024 - 12:08

    Yes.

    "When we launched Betashares Direct, we made brokerage-free investing in ASX-traded ETFs available to Australian investors.

    We’re excited to announce you can now also invest in more than 300 ASX-listed shares with zero brokerage. That means you're now able to invest brokerage-free in a wide range of Australian shares and all ASX-traded ETFs."

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  ChaseTheSun on 15/11/2024 - 12:11

  Have you guys signed up to the AutoPilot and then a few months later, they changed AutoPilot to something else and started charging a monthly fee? I got stung by this and didnt receive any email about the change over.

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    Charlie Dont Surf on 15/11/2024 - 12:37

    AutoPilot Portfolios are now known as Managed Portfolios to make clear the distinction between these portfolio options and the new Auto-invest feature.

    The earlier AutoPilot feature also had a fee though.

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      ChaseTheSun on 15/11/2024 - 12:40

      No the AutoPilot did not have a fee if you have only 1 BetaShare ETF. This was a big change for me, going from $0 a month to $3 a month. Started in Oct.

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        Charlie Dont Surf on 15/11/2024 - 12:41

        +1

        Yes I was just about to edit my post for that wrinkle.

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        Charlie Dont Surf on 15/11/2024 - 12:50

        Out of interest, which Betashare ETF were/are you investing into? It's one of their "Managed Portfolios" which they build themselves? (Balanced, Growth, High Growth)

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          ChaseTheSun on 15/11/2024 - 12:59

          @Charlie Dont Surf: It's the A200, not one of the managed portfolios.

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            Charlie Dont Surf on 15/11/2024 - 13:21

            @ChaseTheSun: It sounds like you might have this arrangement set up as a 'Custom Portfolio' within their Managed Portfolio framework? It sucks if that was once fee-free for a single Betashares ETF, but is no longer the case.

            The portfolio fee only applies to managed portfolios. If you're just DCAing into the A200 ETF, you should try to move it to a more simpler, direct arrangement without a fee. Perhaps as Auto-Invest, or with you in more control.

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              ChaseTheSun on 15/11/2024 - 14:16

              @Charlie Dont Surf: Yeah, it got converted to a Custom Portfolio which sucks with the $3 monthly fee for a single ETF.

              Yeah I will have to change to the new Auto Invest (which is very similar to the AutoPilot with 1 ETF).

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