Spaceship has today announced a change to its pricing, effective from 1 November 2021.
A new flat-rate management fee of $2.50 per month will apply to customers invested in a Spaceship Voyager portfolio with a balance of $100 or more, and this fee will replace the current percentage-based fee.
No further costs will apply to customers invested in more than one portfolio within their Spaceship account.
Full details of the changes are available here.
Since Spaceship launched Spaceship Voyager in 2018, it has made a number of updates including:
- Launching a third managed fund: the Spaceship Earth Portfolio
- Reducing investment timeframes
- Enabling customers to invest in multiple portfolios
- Introducing goal-setting options
- Integrating Spaceship Super into the Spaceship app
- Publishing regular educational content across our blogs and newsfeed
- As well as the continual flexibility to invest as regularly as you like, with no transaction costs
More than 200,000 Australians are now using Spaceship Voyager, with more than 100,000 investing with a recurring investment plan. In July this year, Spaceship surpassed more than $1 billion in funds under management (FUM) across its managed fund and superannuation products.
Spaceship CEO Andrew Moore said the changes meant improving the offering further.
“The new fee is being introduced so we can continue investing in Spaceship’s technology, launch further customer-friendly features, and continue building a sustainable business that lasts for years to come."
“The introduction of this low-cost fee makes customer prices simpler and will help us grow."
“For less than the cost of a cup of coffee each month, Australians can regularly invest as much or as little as they wish in up to three managed funds with diversified exposure to some of the fastest growing companies in the world.”
About Spaceship Voyager managed funds:
Spaceship Universe Portfolio
Investment philosophy: Invest in a portfolio of the world-changing companies we believe meet our “Where the World is Going” criteria
Examples of underlying investments: Spotify, Microsoft, Square, Apple, and Tesla
Spaceship Origin Portfolio
Investment philosophy: Invest in a portfolio of some of the world’s largest companies
Examples of underlying investments: Apple, Johnson & Johnson, Berkshire Hathaway, Alphabet (Google), and Amazon
Spaceship Earth Portfolio
Investment philosophy: Invest in a portfolio of companies that have a positive impact on people and the planet
Examples of underlying investments: Atlassian, Shopify, First Solar, Starbucks, and Nvidia