SEB makes investing in shares the most advantageous on the market
From 2 May, a change to SEB’s price list will enter into force, according to which the subscription of securities and trading in Baltic shares in the Internet Bank will be without a service fee for both private and business clients.
‘The economic and geopolitical situation of the past few months has not yet had such a dramatic impact on global financial markets to significantly inhibit the investment activity of Estonians. By making investing on Estonian and other Baltic stock exchanges more accessible, we offer investors a more attractive opportunity to trade in the shares of well-known companies in the region and in smaller amounts.
At that, we should not forget one of the key principles of investing, which has been confirmed in light of recent events – broad-based investing helps to diversify risk. In other words, if you are already investing in your home region with your daily activities, it would be wise to also consider investing in the financial markets of other countries and to invest globally, observing your risk tolerance,’ commented Ainar Leppänen, Head of Retail Banking.
‘We have been actively working on solutions within the bank to make investing easier and more convenient for our clients, and to offer greater flexibility so that it would be accessible to every investor. The subscription of securities and the trading of Baltic shares in the Internet Bank without a service fee is one of these changes, but there are more to come in the near future,’ Leppänen added.
According to SEB, the right time to start investing is when an investor has built up a three-month financial buffer, at a minimum. The bank believes that it is important for the investment portfolio to be sufficiently diversified across geographical regions and asset classes, and not limited to a single region. Diversification is particularly important when investing for the long term.
Table: Some of the fees that a private client should take into account when starting to invest with SEB.
|
Opening a securities account |
Free of charge in the Internet Bank |
|
Subscription fee for securities |
Free of charge |
|
Baltic stock exchange securities brokerage fee |
Free of charge in the Internet Bank |
|
Securities brokerage fee on the most popular foreign exchanges |
0.14%, but not less than EUR 9 (at that, not less than USD 0.015 per share for US shares) |
|
Monthly securities account maintenance fee for holding Baltic and foreign securities (excl. fund units) |
Holding Baltic and foreign securities worth up to EUR 35,000 is free of charge. The excess will be charged at 0.009% per month, up to a maximum of EUR 7.50. VAT is added to this fee. In the case of ADR/GDR securities, there may also be direct costs associated with holding. |
SEB’s new price list for securities is available in full at the bank’s website.
The foregoing information is purely informative and should not be construed as an investment recommendation or advice, nor an offer of a product or service. Before making an investment decision, we ask you to carefully read the terms and conditions of the security and other relevant information, the risks involved in the investment, and to assess the appropriateness and suitability of the investment. Investments may be subject to a tax liability. General information on investing and securities is available on the investor protection website of AS SEB Pank: Investor protection | SEB. If you have any questions, please contact your bank’s client executive or your tax, financial or legal advisor.
If you have any further questions, we will be happy to answer them.
Katre Kärner
Communications Manager
Business client area
SEB Bank
Phone +372-5560-9962
Tornimäe 2, 15010 Tallinn
katre.karner@seb.ee
www.seb.ee
