Why are the fees changing?

We want to offer more clarity and transparency. In addition, we are ensuring our products are better aligned to the market and the needs of our clients.

What will change for me?

The fees for Portfolio Management will depend on your risk profile and may be higher or lower than your current fees.

What will happen to my personal arrangements?

If you have specific custom arrangements or discounts, they will apply until the agreed end date, after which you will be charged according to the new fee structure.

When do these new fees take effect?

The new fees take effect on 1 January 2026 and will appear on your invoice at the end of the quarter.

Will I be paying more?

That depends on your personal situation and risk profile. Use the comparison above or take a look at the fee table by clicking the link below to see how the change will affect you.

How does the minimum fee work?

You currently pay a minimum fee, depending on the size of your portfolio. This may mean that in percentage terms, you pay more than the management costs that apply to the mandate and risk profile. From 1 January 2026, we will no longer charge a minimum fee. As of this date, the fees will always be directly linked to the assets invested.

Changes to Portfolio Management fees

We regularly update our products to ensure that they’re appropriate for the needs and requirements of our clients and market conditions. Due to recent market developments, as of 1 January 2026, we will be changing the fees for our investment services in Portfolio Management. In late November, we sent you a letter informing you of this, and explaining the changes and how they will affect your situation.

New fee structure

The new fee structure consists of clear, transparent fees. From now on, the fees will depend on your risk profile.

Risk profilel	Fees (excluding VA)	Fees (including VAT)
1. Very defensive	0.50%	0.61%
2. Defensive	0.65%	0.79%
3. Moderately defensive	0.75%	0.91%
4. Moderately offensive	0.95%	1.15%
5. Offensive	0.95%	1.15%
6. Very offensive	0.95%	1.15%

If you currently have a custom discount, this will continue until the agreed date, after which you will be charged the new fee.

What this means for you

Please find below a concise overview of the differences in costs between the old and the new fees.

Example 1: assets of €100,000, Risk profile 3

Old fee: 1.09% = € 1,090 (including VAT)
New fee: 0.91% = € 910 (including VAT)
Difference € 1,090 − € 910 = € -180 (on an annual basis)

Example 2: assets of € 500.000, Risk profile 5

Old fee: 1.39% = € 6,950 (including VAT)
New fee: 1.15% = € 5,750 (including VAT)
Difference € 6,950 − € 5,750 = € -1,200 (on an annual basis)

Example 3: Comfort Income Mandate, assets of € 100.000, Risk profile 4

Old fee: 1.09% = € 1,090 (including VAT)
New fee: 1.15% = € 1,150 (including VAT)
Difference € 1,090 − € 1,150 = € + 60 (on an annual basis)

Frequently asked questions

More information

Investing involves risks

Investing involves risks. You could lose (some of) the money you invested. If you are going to invest, it is important that you are aware of this. Invest with money you can spare. Read more about the risks associated with investments.

Do you need help?

Call us with all your questions about Portfolio Management. From Monday to Friday between 9 a.m. and 5 p.m.

Call us on +31 (0)88 388 9779

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