Is a 1.4% annual management charge competive for lump sum investment?

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MarketsSurfer

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Hello. New here. I have a lump sum of about €150K to invest. A financial advisor that I discussed this with recently is recommending an equity-based/multi-assets funds from an insurance company. It comes with annual charges of 1.4% and includes a management charge for the advisor. Could I do better than this?

I'm in my early 50s, so a globally diversified passive index fund with an investment horizon of least 5-10 years or even longer would probably suit what I'm looking for. I'm maxing out my pension contributions already so looking for something else.

I would like to consider other options such as an ETF with an online broker before I decide. Feel free to point towards other threads here that discussed this previously. I had a browse but couldn't easily find what I was looking for.

Thanks.
 
It's good that you realised that the management charge is a very important factor in deciding what fund to invest in.
As the previous replies say, you should do better than 1.4%.
 
Appreciate the responses here. Its given me reason to pause and weigh up all my options. I was doing some of my own research over the last week. I already have an N26 nank account for last few years but I see relatively recently there is now a facility to make investments. I haven't availed of this to date but I see there are many ETFs available and from the ones I looked at the fees can range from anything from 0.2% and up. Any concerns going down this path?

I'm really only looking to invest in a passive index fund and let it be. I don't feel I need an advisory service for this lump sum. Most of my pensions are in managed funds, but I have one in a passive index funds that has much lower fees yet has outperformed the others significantly which I is why I want to at least consider other options beyond what has been proposed to me. Thanks again.
 
MarketsSurfer said:
Most of my pensions are in managed funds, but I have one in a passive index funds that has much lower fees yet has outperformed the others significantly which I is why I want to at least consider other options beyond what has been proposed to me
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Any chance you could tell us the names of the funds (and costs) that you're comparing here?
 
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