A Performance Fee with High-Water Mark is a fee structure employed by Amdax across all wealth management profiles. It entails Amdax charging a fee of 20% on the positive return of your investment, above a predetermined reference point known as the "High-Water Mark".

The High-Water Mark represents the highest level of return your investment has reached with Amdax since the beginning of our relationship. This means that the performance fee is only calculated on returns exceeding this peak level.

Here's an example:

Suppose you initially invest €100,000 with Amdax, and your investment grows to €150,000. Amdax will then calculate a performance fee of 20% on the amount exceeding the initial €100,000, which is €50,000. This would result in a fee of €10,000.

However, if the return decreases to €140,000, your investment must first surpass the previous peak of €150,000 before another performance fee can be calculated.

The Performance Fee with High-Water Mark ensures fairness and transparency in fees for our investors. It also incentivizes Amdax to consistently achieve positive returns, as the fee is only earned when the return exceeds the previous peak.

In addition to the Performance Fee with High-Water Mark, other charges may apply, such as transaction costs and management fees. These fees may vary depending on the type of investment products and the size of your investment.

For more detailed information on Amdax's fee structure and other aspects of our services, please visit our website or contact us by emailing [email protected]. You can also reach us via the chat function in My Amdax.