The high-water mark ensures you never pay a performance fee twice on the same profit. If your portfolio goes from $10,000 to $12,000, you pay 25% on the $2,000 profit. If it then drops to $11,000 and recovers to $12,500, you only pay on the new $500 above the previous high, not on the $1,500 recovery.
Fees are settled quarterly. If a quarter ends with no new high-water mark, you pay no fee that quarter.
Adjust the sliders to estimate your annual fee. All figures are illustrative. Actual returns may differ materially.
This calculator is for illustrative purposes only. Hypothetical projections are not indicative of actual returns. Past simulated performance does not guarantee future results.
Every other platform takes your money whether they make you money or not.
We only get paid when you do.
$10,000 starting balance. Not a projection of actual returns.
Because you lost money, you paid nothing. Betterment and Wealthfront still charged their annual fee regardless.
You made $1,000. We kept $250. You kept $750 in net gains. Our fee exists only because you profited.
| Betterment | Wealthfront | Invest AI | |
|---|---|---|---|
| Management fee | 0.25%/yr | 0.25%/yr | $0 |
| Fee on a losing year | 0.25% | 0.25% | $0 |
| Minimum investment | $0 | $500 | $1,000 |
| Withdrawal | Anytime | Anytime | Anytime |
| Strategy type | Index funds | Index funds | AI-managed, active |
| High-water mark | No | No | Yes |
Fee on losing year reflects 0% performance fee when returns are negative. Past performance does not guarantee future results.
We take 25% of the profits we make for you. That is it. No management fees. No hidden charges. If we do not make you money, you do not pay us.
This is called a high-water mark performance fee. It keeps our interests perfectly aligned with yours. We earn only when you earn.
Past performance does not guarantee future results. This is an illustrative example, not a projection of actual returns.
We're building tax-loss harvesting and wash-sale management directly into the platform. When available, this will be included at no additional cost for eligible accounts.
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