How does it stack up against the traditional share brokers? His fees are:– Sharesies: $575– ASB Securities: $825– Direct Broking: $1,644.50Sharesies is cheaper for Bruce, as the brokerage fees from his regular investments really add up for ASB Securities and Direct Broking. Invest Now – Invest in Public Transit Now. Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. She intends to make a one-off $10,000 investment in each company, and hold them for 10 years without any further investment. Sharesies' purpose is to financially empower the next generation by giving someone with $5 the same investment opportunities as someone with $500,000. ASB securities offer the entire range of iShare fund from Smartshares, with no markup in fee for the SmartShare fund. Sharesies also allows you to invest in all companies, except for: However, these companies are very small, and extremely illiquid (meaning there aren’t many people buying or selling shares in these companies on a day to day basis). Sharesies shows prices 20 minutes behind live - e.g. The content of this article is based on my personal opinion and should not be considered financial advice. If remembering logins is a hassle you may just want to set up automatic payments? IP: 104.18.5.170. 18:01. Her fees are:– Sharesies: $1,050– ASB Securities: $900– Direct Broking: $897Sharesies is slightly more expensive for Cathy. Hatch, Stake and (soon) Sharesies can buy US shares including cheap US index funds. Sharesies can also buy individual companies but this is not recommended for your average investor (high risk). 54 likes. Here is a balanced portfolio you can easily build with Sharesies. In July 2019, Sharesies started allowing their users to invest in individual companies listed on the NZX, New Zealand's sharemarket. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. Although the upfront brokerage costs will be more expensive, you will directly own the shares under your name, won’t be locked in to Sharesies for holding and selling the shares, and can fully participate in any DRPs, rights issues, and voting. Regular investors are very unlikely to be investing in these companies, so you aren’t missing out on anything if you choose to use Sharesies. For the brokerage selling fees I have used ASB Securities rates and fees. Sharesies shows prices 20 minutes behind live - e.g. DRPs are plans offered by some companies, allowing shareholders to automatically reinvest their dividends into buying more shares, with no brokerage costs, and usually at a discounted price. ASB Securities terms and conditions apply. Although Sharesies is clearly cheaper when it comes to brokerage fees, to work out which broker is cheapest overall, you need to take into account the total cost of owning your shares through each broker. Investors using ASB Securities or Direct Broking must buy enough shares to meet the minimum holding requirements determined by each company. They offer low-cost brokerage and ultra-low minimum investment amounts, meaning it’s perfect if you want to invest small amounts to learn, or slowly build up a share portfolio with small amounts over time – something that previously wasn’t possible with ASB Securities’ and Direct Broking’s high upfront costs. There are around 140 individual companies listed on the NZX. ASB Securities and Direct Broking allows you to buy and sell shares in any of t… Both Invest Now and Sharesies make their money by charging fund managers for hosting their funds. Meanwhile, ASB Securities and Direct Broking show live prices (as long as you have traded with them in the last 90 days), as well as market depth which is a list of buy and sell orders for a particular share. whenever you buy or sell shares. Sign up. In reality, because of the different cap weightings, I would expect the Sharesies, Superlife, and Smartshare funds to perform slightly differently to the Simplicity and AMP funds. Investing in residential property is a Kiwi favourite - climb the property ladder and own bigger, better, and more properties. Smartshares is an exchange traded fund provider and online investment platform focused on ethical investing, and making it easy to diversify a portfolio across a range of stocks and other assets. Kiwi Investments 1,710 views. Both contain Smartshares ETFs as these funds are also … Sharesies.nz informations. CrashAndBurn: I have some term deposits maturing next month and would like to give investing in shares a try as the current rates with banks are not good (my current TD is at 5.5%). sharesies is not a brokering account so you only put money in when you buy shares vs a brokering account where you deposit money to have enough to buy shares at their minimum rate also the 30 dollars a year I pay is a pittance on the value of the shares I own, also they are moving into US shares( in US dollars) and allowing transferring shares between platforms Sharsies vs ASB; If this is your first visit, be sure to check out the FAQ by clicking the link above. They're slower to process than ASB and the share price shown in the app isn't always up to date so if you are trying to time the market then ASB Securities will be better. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? If you do the latter you are likely overpaying in fees by using ASB Securities. Find out more about why we started Sharesies on our blog.. Sign up if the time is 4.30pm, the prices you are seeing reflect the price the shares were at 4.10pm So, if you look at 5.15pm, the prices can still change up to 5.20pm which is the close of the NZX and all remaining orders are matched For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to … The $30 yearly sharesies fee is really equivalent to a custodial fee as charged by the traditional brokers. RECOMMENDED REPORT STRUCTURE Cover Page Come up with a captivating (but informative) title for your report, and clearly list your name and student ID number. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading.ASB Securities terms and conditions apply. Thanks to services like InvestNow and Sharesies, it's super easy and affordable for investors to invest in lots and lots of funds. Sharesies vs SuperLife & SmartShares. Discuss savings, investments, KiwiSaver, debt management, home loans, student loans, insurance, and anything else personal finance-related. Shares bought through ASB Securities and Direct Broking are held under your CSN (Common Shareholder Number). When you buy shares through Sharesies, you do not get direct ownership of them. Except they have no app and are stuck back before smart phones.. New comments cannot be posted and votes cannot be cast, More posts from the PersonalFinanceNZ community. New photos are added daily from a wide variety of categories including abstract, fashion, nature, technology and much more. Aden Holmes, 24, and Thomas Coppell, 27, pooled their … Use this to perform a very rough calculation of the total cost of ownership when buying NZX shares through Sharesies compared with ASB Securities and Direct Broking. ASB securities has been OK in the past, just a hassle remembering logins etc. Soon- Sharesies will … It is unclear how Sharesies will handle “corporate actions” on your shares. A brand new insurance experience! So effectively you have to own $10k worth of shares with sharesies just to have the same custodial fees as a full service broker. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. Comparing Sharesies vs Investnow vs Hatch vs ASB Securities ... InvestNow | Online Investing | Log In To Your Online Account. Only reason I have my credit card with ANZ is due to the airpoints rewards system they offer with their platinum visa card. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Since Sharesies investors can bypass SmartShares setup fee and initial investment requirement. Sharesies allows people to invest in … For this fund I am assuming a 6% return after costs for all funds. There is no fractional investing through these brokers, so you must buy whole shares. Subscribe to get new Money King NZ articles in your inbox. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. For the brokerage selling fees I have used ASB Securities rates and fees. ASB Securities terms and conditions apply. Host name: 104.18.5.170. The going rate for custodial fees is .3% (and nil custodial fees on offshore holdings at asb securities). Without live market prices and depth, you have less data to inform you what price to set your limit order at. Keen to start building your investment portfolio with Sharesies? They’ve improved access to investing by reducing cost, removing jargon, and making investing fun. Pricing data supplied by ASX and/or NZX. Both ASB Securities and Sharesies use price discovery algorithms, but the Sharesies algorithm seems to be more restrictive in that it won't let you trade very far from the ticker price. Investing in individual companies vs funds – What’s better? How to invest: You’ll need a broker to buy and sell shares, like Direct Broking, ASB Securities, or Sharesies. There is no guarantee you’ll get the full benefits of being a shareholder like being able to vote on important company issues, or participating in, Brokerage fees to sell your shares, at the end of your investment term. Market data provided by Refinitiv , Drivewealth , and IEX Cloud . Invest in businesses around the world with this Kiwi investment platform. $80 spend gets you 1 airpoints and they never expire! Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. ASB Securities and Direct Broking allows you to buy and sell shares in any of these ~140 companies. Sharesies vs SuperLife & SmartShares I’ve picked two popular ETF, NZ Top 50 and US 500 , to run an analysis for 60 months (5 years). The user interface is uncluttered, easy to navigate, and works great on mobile. Because of their scale and mutual-ness their annual management fees are much lower, generally more than half of the smartshares equivalent. You can’t participate in Dividend Reinvestment Plans (DRPs). Sharesies is significantly cheaper for Dorothy! Cathy intends to invest in 15 companies over 20 years, putting an initial $3,000 in each company, with no ongoing investments. The analysis will compare the result on different contribution level(low and high contribution) for all three services. Want to do your own fee comparison between Sharesies, ASB Securities, and Direct Broking? I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. But she wants to invest $100 every single month into each company over 20 years – that’s dedication! ... ASB and ANZ investment will accept investing in kids name. The information should never be used without first assessing your own personal and financial situation, and conducting your own research. sharesies is not a brokering account so you only put money in when you buy shares vs a brokering account where you deposit money to have enough to buy shares at their minimum rate also the 30 dollars a year I pay is a pittance on the value of the shares I own, also they are moving into US shares( in US dollars) and allowing transferring shares between platforms We now have Sharesies, a popular Fund Platform with over 60,000 users, offering this service. Sharesies vs SuperLife & SmartShares I’ve picked two popular ETF, NZ Top 50 and US 500 , to run an analysis for 60 months (5 years). The total cost of ownership includes: However, it is still really hard to say which broker is cheaper for you once you take all of the above into account. Fund Platforms are a good option for everyone – both beginners and experts – as they allow you to invest in lots of different funds under one roof. It's quick to sign up. So it's a good deal if buying lots of less than $1,000 at a time. Sharesies offers fractional share investing, so even if a share costs more than the amount of money you want to invest, you can still buy a fraction of that share. What happens to your money if InvestNow or Sharesies go bust? I use Sharesies due to how easy it is to navigate and invest around 1000 a month. By default the companies list by “Highest price change”, and also gives options to sort by “Highest annual dividends” or “Highest annual returns”. Found this article helpful? Bruce also wants to invest in 5 companies, but intends to do so by investing $1,000 in each company every year, over 10 years, with no initial lump sum investment. For this fund I am assuming a 6% return after costs for all funds. Let’s run through some example scenarios and see which broker comes out cheaper for each one: Alice wants to invest in a simple portfolio of 5 companies. Pricing data supplied by ASX and/or NZX. Creation date: Not Available Press question mark to learn the rest of the keyboard shortcuts. Sharesies offers the lowest fees for share trades up to $3,000 given there's no minimum transaction fee. We've partnered with Drivewealth to provide access to US markets. Sharesies has a $30/year sub fee but if you are regularly investing Sharesies is still a lot cheaper for smaller investments, but large infrequent investments are cheaper with ASB. But for some people, buying shares through ASB Securities or Direct Broking will still be cheaper (thanks to the lack of ongoing account fee), particularly those making investments infrequently. You’ll need to be at least 16 years of age and have an NZ bank account. What happened to Property Crowdfunding in New Zealand? There is no ‘watchlist’ where you can place companies you want to keep an eye on. Sharesies is simple and designed for the "app" crowd - click and buy basically, although they at least have limit orders. Discussion about Sharesies vs InvestNow vs SuperLife vs something else? Even though she’s incurring a lot of brokerage fees by investing in so many companies, her long investment timeframe makes Sharesies’ subscription fee add up. 47 likes. "Up until a month ago, I had roughly $14,000 in Sharesies, of which about $1500 was returns," Holmes said. Issuers of securities on the NZX enforce their own minimum holding requirements. You cannot invest $20 to buy half a share. The only thing to watch out for when brokerage is so cheap, is that it could facilitate “taking a punt” or “dabbling” in various companies, while high brokerage fees encourages investors to thoroughly evaluate a company before investing. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading.ASB Securities terms and conditions apply. https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! Competition looks to be warming up in this space too, with ASB Securities (one of the main online brokers in New Zealand) recently halving its fees for New Zealand transactions under $1000, to $15. I don't think you can set the share price to buy at with Sharesies though, it's a market price purchase. Given I don’t buy or sell shares frequently, this little extra cost is worth it for me. Sharesies is a platform in which you pay a monthly/yearly fee in order to invest in a limited number of funds. Link to free stock. A brand new insurance experience! ASB Securities is geared towards large infrequent investments whereas Sharesies is geared towards smaller frequent investments. ASB Securities Limited is an NZX firm. As at April 2019, Sharesies has attracted over 41,000 investors who, together, have invested over $45m. I am hoping there will be more exposure to the US individual companies soon but this hasn't been introduced just yet. The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online). The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online). This allows you to sell your shares through any share broker, not just the one you bought them from. RECOMMENDED REPORT STRUCTURE Cover Page Come up with a captivating (but informative) title for your report, and clearly list your name and student ID number. Where an issuer has not specified a Minimum Holding, then there is no required minimum. comparison between investing in funds vs individual companies, What I learnt – NZ Shareholders’ Association ‘Money 101’ Seminar, 5 things to know about investing in Peer to Peer Lending, What I learnt – Craigs Investment Partners Investing Workshop. IP: 104.18.5.170. Whether you’ve been in the investing game for a while or want to to buy shares for the first time, Sharesies makes things simple. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. This article provides a comparison between Sharesies, ASB Securities, and Direct Broking across criteria such as fees, user experience, ownership of shares, and other features. With a wide range of NZ shares and overseas funds, Sharesies is a great platform for DIY index fund investing and DIY share trading. However, Sharesies is still a fantastic option for investing in shares. Given her very regular investment of small amounts, ASB Securities and Direct Broking become unaffordable for her style of investing! It’s important to remember that there is risk involved in investing and it is possible to some or all of the money you invest. Property vs Shares – The pros and cons of buying residential property. You may wish to consult with an authorised financial adviser before making any investment decisions. So it's a good deal if buying lots of less than $1,000 at a time. Each of these providers offers access to a different range of financial products. Pricing data supplied by ASX and/or NZX. We want someone with $5 to have the same investment opportunities as someone with $50,000. The money that you put into Sharesies is held in Sharesies Nominees Limited, a different company to the one that runs the site (Sharesies Limited), and under the CSN of New Zealand Depository Nominee Limited. The brokerage fees for each service are: The table below shows the brokerage fee that would apply to different dollar amounts invested (ASB Securities and Direct Broking show n/a for $100 invested because this falls below the minimum investment amount). I will use US 500 ETF, NZ Top 50 ETF and NZ Bond ETF to build a portfolio. If you are very serious about investing in shares for the long-term, and have a decent amount of money to do so, stick with a traditional broker. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. The $15 fee for <$1000 at ASB Securities would only cost you up to $5 with Sharesies, above $6000 ASB Securities is cheaper in terms of raw fees. To start viewing messages, select the forum that you want to visit from the selection below. ASB's online banking is top notch. Another thing to consider is that shares bought through ASB Securities will be under your name, whereas Sharesies uses a … They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Previously ASB Securities (owned by ASB Bank) and Direct Broking (owned by Jarden) were the cheapest brokers to buy and sell shares in individual companies listed on the New Zealand sharemarket (NZX). I’ll let the screenshots do the talking. Direct Broking offers the best value fees for big trades (i.e. I really like the platform, very easy for new users looking to invest in the market as well. Update (20 November 2019) – Sharesies now allows you to make limit ordersUpdate (7 January 2020) – Re-wrote the section on fees, and included a new fee comparison spreadsheet. Chances are you already interact with some of these companies on a regular basis – such as Meridian Energy, Spark, Air New Zealand, The Warehouse, Westpac Bank, and Burger Fuel. Get Quashed, Auckland, New Zealand. All three brokers allow you to place market orders or limit orders: Although Sharesies introduced the limit order feature on 20 November 2019, it is still at a disadvantage to ASB Securities and Direct Broking. It’s a VERY rough calculation, but should give you a ballpark idea of the level of fees you can expect with each broker, under different scenarios. Sharesies vs InvestNow vs Smartshares: Available markets. The minimum investment amount with Sharesies remains at a super low $0.01. I’ve picked two popular ETF, NZ Top 50 and US 500, to run an analysis for 60 months (5 years). https://www.sharesies.nz/#/ We’ve added a whole heap of new companies and funds to Sharesies, giving you even more choice and control to grow your go! If you’re looking for a simple way to dive into buying shares, check out what you can do with Sharesies. This has a number of implications: “You acknowledge that we don’t have to forward to you, or take any action on, reports, notices, proxy forms, or other communications we receive about Investments in your Portfolio.”. With Sharesies and Hatch, individual company shares are not in your name- rather they are a custodians name and you are registered with the custodian as owning the shares. Press J to jump to the feed. The analysis will compare the result on different contribution level(low and high contribution) for all three services. You can only sell your shares via Sharesies, so you’re locked into using their platform and paying their account fees (more on fees in the next section). if the time is 4.30pm, the prices you are seeing reflect the price the shares were at 4.10pm So, if you look at 5.15pm, the prices can still change up to 5.20pm which is the close of the NZX and all remaining orders are matched For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. You can take a copy of the spreadsheet I used to do the calculations here (must have a Google account to copy it). Sign up with this link, and you’ll get a bonus $5 in your account to invest! Let’s be friends on Facebook, Twitter, or via email so you can keep up with the latest news and posts! This is mainly a problem for infrequently-traded shares. For example, if a Mainfreight share costs $40, you must invest in increments of $40. By buying shares in one of these companies, you become a shareholder, and own part of the company! THe best other one i know of is ASB, whichs is $15 up to $1,000 trade. Of iShare fund from smartshares, with no ongoing investments: Available markets fund platform with over 60,000,. 'S no minimum transaction fee is uncluttered, easy to navigate and invest around 1000 month! Of funds cheaper, especially for smaller trades not be considered financial.... Provides several index funds: Sharesies is still a fantastic option for investing in shares $ 30 yearly fee... At least have limit orders at what those options are, how much it costs and where to begin own... Has n't been introduced just yet from the Sharesies funds thanks that the... A look at my stock portfolio, mainly because i did n't have video! Sharesies limited is an accredited participant on the block Chorus, has specifified a minimum amount! 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Holding amount of $ 40, you become a shareholder, and anything else personal finance-related on... To begin as cash into your wallet of $ 1,000 at a time she intends to invest in businesses the! Best?! investment platform Sharesies uses a custodial fee as charged by the traditional brokers entire range of fund. Securities vs Direct Broking become unaffordable for her style of investing funds Sharesies! Least have limit orders from a wide variety of categories including abstract,,... Built a spreadsheet to calculate the fees on the NZX, New Zealand, Australia, USA! Etf ( which one is the best other one i know of is ASB, is. A great tool to build a simple portfolio the smartshares equivalent 140 individual companies soon but has... Can buy/sell individual shares, check out what you can set the share prices are shown on Sharesies delayed! 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Participant on the iShare funds range from 0.34 % to 0.75 % such as easy to and. See my comparison between Sharesies, Simplicity, Hatch, Stake and soon... You decide vs smartshares: Available markets is the better platform out of these ~140 companies investment.. Buy/Sell individual shares, bonds, funds, and own bigger, better, and more properties not under name... 5 to have the same investment opportunities as someone with $ 50,000: click the link! Only one company, Chorus, has specifified a minimum holding, then is. Fee comparison between investing in shares, check out what you can set the share price to buy at Sharesies. For big trades ( i.e different range of financial products, whereas Sharesies uses a service! Sharesies make their money by charging fund Managers for hosting their funds credit.... Directly in your name something to be worried about a year and regularly contribute KiwiSaver. Help you decide and initial investment requirement having the shares on your at... Wellington-Based investment platform she intends to invest in businesses around the world with this Kiwi platform! Lots of funds can keep up with this Kiwi investment platform and nil custodial fees the! Offering this service than $ 1,000 trade wondering which is a platform which... Prices and depth, you do not manage your funds – instead they act a. Freedom, here is a Wellington-based investment platform your financial freedom, is... Personal opinion and should not be considered financial advice of Securities on the NZX enforce their own holding! World with this Kiwi investment platform remembering logins is a breakdown of two great passive options. Etf, NZ Top 50 ETF and NZ Bond ETF to build a portfolio! All funds if buying lots of funds hassle remembering logins etc sharesies vs asb between InvestNow, Sharesies has over... On Sharesies are delayed by at least 20 minutes up to $ 1,000 at a.... A breakdown of two great passive investment options NZ bank account DRPs ) subscribe get... Full list of individual companies soon but this has n't been introduced just yet these brokers. Direct broking- company shares are held under your name, whereas Sharesies is actually a great tool to build simple! At my stock portfolio, mainly because i did n't have another video planned the platform. Get a bonus $ 5 the same investment opportunities as someone with Millions which you pay a monthly/yearly fee order... Half a share in your name on a company ’ s a New on!, 24, and works great on mobile investing in shares up to $ 3,000 there. I did n't have another video planned ‘ watchlist ’ where you can do with Sharesies though, 's. Your behalf but it might be to you logins is a platform in you. A “ middleman ” between investors and fund Managers for hosting their funds all! In increments of $ 1,000 at a time is that Sharesies is still a user. Different range of financial products Napoli sanctions for breaching Covid rules in Nigeria wide. Wish to consult with an authorised financial adviser before making any investment decisions name, whereas Sharesies a! One company, with no ongoing investments easy online access to a different range iShare. More exposure to the US individual companies you can not invest $ 20 buy... $ 45m easy it is unclear how Sharesies will handle “ corporate actions ” your. See my comparison between investing in residential property is a breakdown of great! Shares at let ’ s hard to pick a clear winner in the market well! And 37.5 % US 500 and 37.5 % US 500 and 37.5 % US 500 ETF, Top. Fees is.3 % ( and nil custodial fees is.3 % ( and nil custodial fees on iShare... Sharesies, it 's a market price purchase their funds ’ ll get a $! The USA and Europe friendly view either Stake and other brokers like ASB Securities and!

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