Hello all,
My broker takes a management fee every quarter from an account (inside my portfolio) that receives all the dividends generated by my investments. Those fees impact the performance of the overall portfolio and I was wondering how to best capture them in Sharesight to make sure they are accounted for.
I tried setting up a cash account which shows all those quarterly fees for the last 5 years and this cash account now has an important negative balance as you would expect. However, the performance of the portfolio does not seem to be affected by this cash account. Any advice would be greatly appreciated!
Hi @Tcs106, you can record this for the holding in the Brokerage field under ‘all trades and adjustments’. You will have to add this to an existing trade. There’s no other specific field to record this. Once you record this under brokerage, it will be factored in the cost price.
@Piumi_Sharesight I was looking for the same guidance that @Tcs106 asked about. The issue with your suggestion is that it applies the fees to a single holding whilst the management fees actually apply at the portfolio level.
Do you have any suggestions on how we can best capture the management fee so that it does not impact the performance and cost basis of any one holding but does accurately show the performance of the whole portfolio?
Hi @czar there is no dedicated feature for this at the moment unfortunately. Our apologies on the inconvenience. I will move this discussion under feature suggestions for further review.