By MoneyBees
A wrap account's yearly % of assets against paying per trade with SGX fees and GST: which costs less, the break-even trades a year and the CPFIS 0.4% cap.
A yearly fee, set as a percentage of the assets in your account, that pays your financial adviser for advice, trading and administration in one bundle. CPF Board describes it this way for the CPF Investment Scheme.
MoneySense puts it at about 1% a year of the assets advised, in the cash market. For CPF savings under the CPF Investment Scheme, the wrap fee is capped at 0.4% a year.
When you trade often. The calculator works out how many trades a year your per-trade costs would need to reach the wrap fee, and the portfolio size at which the two cost the same.
Your broker's commission or its minimum, a trading fee of 0.0075% and a clearing fee of 0.0325% of the trade value, and 9% GST on those charges. Some brokers add a custody or platform fee.
Yes. CPF Board's article of 9 Feb 2026 lists a cap of 0.4% a year, in place since 1 Oct 2020, when sales charges on new CPFIS purchases also fell to 0%.
No. Funds in a wrap account still charge their own expense ratios. They apply whether you use a wrap account or a brokerage account, so the calculator leaves them out.
A wrap fee is a percentage of your portfolio, so it grows as your money grows, and every dollar paid in fees stops compounding. Per-trade costs depend on how often you trade, not on the size of the portfolio.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).