Robo-Advisor fees
For all Robo-Advisor customers, regardless of what plan you’re on, there’s an annual Robo-Advisor management fee of 0.75%.
This is assessed every month and calculated based on the average daily balance of the assets being managed. At the end of each month, the fee is deducted in the model portfolio currency from your Revolut Robo-Advisor investment account. No action is required from you.
Activities Robo-Advisor fee doesn’t apply to
- Opening or closing your Robo-Advisor account
- Withdrawals
- Trading or commission
- Custody services
- Account transfers
The only other fees you might be charged are the expense ratios, included in the exchange traded funds (ETFs), as well as the VAT on the management fee. Depending on your country of residence, portfolio management services may be subject to 21% VAT (as set in Lithuania).
Example of Robo-Advisor fee calculation
An account with an average balance of €10,000 per month will have a management fee of €6.16 per month. Assuming there are 30 days in the month and 365 days in the year, the fee is as follows: €10,000 * 0.0075*(30 / 365) = €6.16.
Revolut Securities Europe UAB charges €6.16, which consists of €1.07 VAT paid to local tax authorities and €5.09 paid to Revolut. Fee breakdown:
- The VAT included in the management fee of €6.16 would be €1.07
- The net amount is calculated as €6.16 / 121% = €5.09
- Therefore, the VAT amount totals €6.16 - €5.09 = €1.07