There are three annual fee components to Moneyfarm fees, they are the Moneyfarm charge, underlying fund fee, and market spread. Moneyfarm charges include investment management, custody, trading and digital investment advice, and human support. The underlying fund fee, also known as the total expense ratio, is the fees charged by the ETF providers. Market spread, also known as transaction cost, is the cost on your investment when you trade. For example, a £20,000 Moneyfarm investment has an annual fee of 0.95% (0.65% Moneyfarm fee, 0.21% underlying fund fee, and up to 0.09% market spread).