This help article is meant to cover the cost of using Shrimpy Advisory as well as additional external fees that may be incurred as a result of using Shrimpy Advisory.
Shrimpy Advisory Management Fee
The only fee charged by Shrimpy Advisory is our Management Fee, which is 1.2% AUM per year. Each month you remain a client of Shrimpy Advisory, you will be automatically charged 0.1% AUM. Our Management Fee is collected via a deduction from your Shrimpy Advisory investment account on the 7th of each month.
As an example calculation, an investment portfolio of $1,000 would be charged $1 each month with Shrimpy Advisory.
Fees charged by Wyre
Shrimpy Advisory uses Wyre to process deposits, and Wyre charges a fee when processing a transfer of value.
When processing a cryptocurrency deposit, Wyre charges either 0.75% or the miner fee, whichever value is greater.
When processing a USD deposit, Wyre charges either 0.2% or $1, whichever value is greater.
Fees charged by Gemini
A complete list of the fee schedules charged by Gemini can be found here.
Trading Fees
Gemini charges a dynamic trading fee that can change based on decisions made internally at Gemini, and all trading fees will be deducted automatically when a trade is filled.
Withdrawal Fees
When withdrawing Ethereum and ERC-20 Tokens (except GUSD) to an external wallet, you are charged a dynamic withdrawal fee that is based on Ethereum gas fees at the time of withdrawal.
Non ETH/ERC-20 cryptocurrencies are charged a flat fee which varies based on which cryptocurrency you're withdrawing.
Have questions, comments, or concerns? Feel free to send an email to AdvisorySupport@Shrimpy.io and one of our Support Agents will get back to you as soon as we're able. Please see our ADV for more information on Fees.