Who is FeeNimble for?
FeeNimble is useful for anyone making periodic investments that involve fees. Individual investors get peace of mind knowing they are not paying too many fees, but also not under-investing. Financial planners can utilize FeeNimble as a means to go above and beyond fiduciary responsibility for their clients.
How does FeeNimble work?
FeeNimble works by finding all relevant fees, which are published – by law – in the SEC’s EDGAR database. It then calculates the impact of all possible transaction schedules to find which schedule results in the maximum profit, minimizing the impact of fees without under-investing.
Why does FeeNimble work?
FeeNimble works because most fees are affected by timing. Consider a transaction fee. If, like most investors, you periodically invest your savings into a product, you’ll pay a transaction fee each time you do. If you invest too frequently, you’ll pay more than you need to in transaction fees; but, if you invest too infrequently, you’ll miss out on interest you could have accrued. Therefore the best answer will be the result of an optimal schedule, which FeeNimble finds.
I don’t invest accounts or products with high fees, so why would I use Fee Nimble?
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