Economico Marketplace 3a & Vested Benefits Securities Solutions: Cost Comparison

Once you become somewhat familiar with the comparison views of the Economico marketplaces and consult one or two broader market studies, it becomes fairly easy to understand how costs work in private securities management. Here are the key findings in summary:

• Average prices: On average, securities management for private individuals within the framework of 3a and vested benefits (FZ) securities savings is significantly cheaper than in private discretionary wealth management. This conclusion emerges when comparing the two Moneyland studies on costs in wealth management (2022) and on costs of 3a pension funds (2023). The average costs in wealth management do not even include the TER costs of the collective investment schemes used within the mandate. Costs for vested benefits pension funds are also very similar to those of 3a pension funds. Interested readers can find a source here. Therefore: if opting for securities management at your house bank, it is preferable to do so within the framework of 3a & FZ pension funds rather than through a discretionary wealth management mandate.
• Best prices: Competitive, mostly digital providers in securities management, however, show that there are hardly any justified reasons for these cost differences. The best prices on Economico are very close to each other—regardless of whether they arise within a discretionary wealth management mandate or within a 3a or FZ pension solution. For smaller investment amounts, however, even these providers show a slight cost advantage for 3a / FZ solutions.
• Economies of scale: A particular feature of the pricing structure for 3a & FZ securities solutions is that—unlike wealth management—it shows hardly any economies of scale. In other words, the percentage costs for 3a & FZ solutions remain the same regardless of the invested amount. In contrast, in wealth management, the percentage management fees decrease continuously as the investment volume increases.

Form your own view of the costs (and more) in private securities management:

Economico Marketplace 3a
Economico Marketplace Vested Benefits
Economico Marketplace Wealth Management