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Discretionary portfolio management

Discretionary portfolio management
Management feeAs agreed with the client (plus Value Added Tax (VAT))
Performance feeAs agreed with the client (plus Value Added Tax (VAT))
Custody fee (1)0.01% of the amount, min. €0.50 per month
Cash transfer from Discretionary portfolio management accountFree
Fee for U.S. source income reporting to IRS (2)USD 90

(1) The custody fee will be calculated daily using the end of day portfolio values and charged on a monthly basis (excluding VAT where applicable). For any currency conversions to EUR, our partner SAXO bank uses market spot exchange rate adding 0.5% margin on top. A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date which is provided by most Electronic Communication Network (ECN) brokers (e.g. Reuters).
(2) The detailed information on the Annual withholding tax on income earned in USA, can be found here. https://www.luminor.lv/en/private/access-us-market-luminor-investor

Ex-ante Information on Costs and Charges of Investment Products can be found here.

More information about Investments services can be found here.

Securities Trading in Discretionary portfolio management account
Shares and ETF trading commissions:
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share equals or is below 10 USDUSD 0.015 per share, min. USD 14
American Stock Exchange, NASDAQ, NASDAQ (Small Cap), New York Stock Exchange, New York Stock Exchange (ARCA), when value of one share is above 10 USDUSD 0.018 per share, min. USD 14
BME Spanish Exchanges, Borsa Italiana/Milan Stock Exchange, Deutsche BORSE (XETRA), Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext Paris, NASDAQ OMX Helsinki, Vienna Stock Exchange0.1% of Trade amount, but not less than min. €10
Deutsche Borse Frankfurt Floor0.35% of Trade amount (min. €60)
NASDAQ OMX Copenhagen, NASDAQ OMX Copenhagen (First North)0.1% of Trade amount, min. DKK 29
London Stock Exchange (IOB)0.1% of Trade amount, min. USD 14
London Stock Exchange0.1% of Trade amount, min. GBP 7
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is below 50'000 USDUSD 25
OTC Markets group (Pink Sheets), OTC Bulletin Board, when Trade amount is above 50'000 USD0.15% of Trade amount, min. USD 25
Oslo Stock Exchange0.1% of Trade amount, min. NOK 62
NASDAQ OMX Stockholm, NASDAQ OMX Stockholm (First North)0.1% of Trade amount, min. SEK 62
SIX Swiss Exchange, SIX Swiss Exchange (Bluechip)0.1% of Trade amount, min. CHF 15
Hong Kong Exchange0.15% of Trade amount, min. HKD 140
Debt securities trading commissions:
Investing in debt securities0.2% of Trade amount, min. €15
Mutual funds trading commissions:
Investing in mutual funds0.25% of Trade amount
Securities Transfers to/from Discretionary portfolio management account
Financial instruments transfer from other credit institution/broker to Discretionary portfolio management accountFree
Financial instruments transfer from Discretionary portfolio management account to other credit institution/ broker€30 per ISIN