How to Fight Titan Invest Fees in 3 Easy Steps
Financial robo-investors have saturated the market with online apps and advice that allows the layman to invest like a big-time tycoon from the comfort of their sofa. Titan investment has sweetened the deal with access to hedge funds and crypto funds, but all of this access comes at a cost. The for financial advice is 1% once your investment reaches $10,000 in net transfers. Similar robo-investors charge 0.25% to 0.50%
Fees are how financial advisors make money, but Titan invest fees are a bit steep... except that it offers hedge fund access. On low-balance accounts, the $5 a month advisory fee can be significant. Other fees include outgoing transfer fees of $25 for domestic accounts and $50 for foreign accounts. Fees for paper statements and dividend checks can also add up.
Disputing these fees might seem impossible, but it is possible with the help of DoNotPay.
DoNotPay has helped consumers get fees waived from many companies, including:
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If you have been the victim of excessive fees or charges you did not understand, DoNotPay can help you get them waived.
How Much Does Titan Invest Charge per Transaction?
Not every transaction generates a charge through Titan, but some transactions come with hefty fees. Three examples of these fees are:
|TOD Account Transfers||$200 per transfer|
|ACAT Transfers (Outgoing)||$75 per account|
Other things, such as incoming ACAT transfers and wire transfers, do not have fees. A full schedule of Titan fees can be found here.
Titan Invest Fees Explained
When you look at the list of Titan fees, it can be a bit confusing if you don't know the terms. That is because most of the fees are uncommon transactions. Titan does not charge extra for trading or withdrawals.
The most common questions come from the advisory fee, which elevates to 1.0% of your investment once you have $10,000 in accounts. This is the sum of all your , so having multiple accounts with lesser balances can still put you above the $10,000 threshold.
How to Avoid Titan Invest Fees
There aren't a lot of Titan fees to avoid, but you can avoid them by understanding the fee schedule and what actions will generate fees. For example, you can save a small fee by deferring paper statements.
The other thing you must do if you have any automatic fees taken from your account is make sure that your bank is not charging a fee. For example, if you are setting up your automatic withdrawals from your savings account, this may put you over your transaction limit, which could cause extra fees to be charged.
Does Titan Invest Have Hidden Fees?
Titan doesn't have any hidden fees, but they might feel hidden if you aren't aware of them. Again, it is best to review the fee schedule to make sure you avoid transactions that generate hefty or repetitive fees that can add up over time.
Additionally, it is important to acknowledge the actual amount of the 1% advisory fee, because that can be a large amount if you have large balances held in Titan Invest. Sometimes, it is a wiser investment to go with a financial investment app that doesn't charge as high of a fee, especially if you aren't using its unique features (hedge funds and crypto).
How to Avoid Titan Invest Fees
You cannot avoid all Titan Invest fees, but you can limit them by being cognizant of their existence and avoiding unnecessary items such as paper statements.
You can also avoid the 1% advisory fee by keeping your investment below the $10,000 mark. This is only a good option for some clients, as many hope for their investments to grow much larger.
How to Eliminate Titan Invest Fees on Your Own
Eliminating Titan Invest fees on your own is a difficult task. Firstly, it is hard to reach a person with the authority to limit fees. Secondly, there aren't a lot of fees to dispute aside from the advisory fee. If you try to do this work all on your own, you might find:
- It is an incredibly lengthy process
- You don’t eliminate all of the fees you had hoped to
- You end up creating more work for yourself down the road
If you believe that Titan Invest has misguided you in your investments or engaged in unethical behavior, you may have to file a lawsuit to recover your losses or fees. In some cases, the company may be more willing to refund fees if their practices have been subpar. These situations are difficult, and they don't always result in a win for the investor.
Next Step for Titan Invest Fees if You Can't Do It Yourself
There is an easier answer than trying to appeal Titan Invest fees by yourself, and it is by using DoNotPay. The online application is an AI-powered problem solver that can appeal fees for you, so you don't have to mess with it.
Here's how you can use DoNotPay to appeal fees:
- Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal.
- Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one.
- Submit your case! DoNotPay will generate the best argument for your case and make sure your fee waiver request gets sent to the merchant for processing.
Why Use DoNotPay to Solve Titan Invest Fees
There are many reasons to use DoNotPay to solve Titan Invest Fees, but the three simplest reasons are speed, ease, and success. There is no easier way to appeal to Titan Invest than by using the help offered by DoNotPay. The information you have to supply is simple and direct, and DoNotPay knows where to send it. Your appeal to have fees removed will be sent with very little effort, and it is more likely to be successful than if you did it on your own.
What Else Can DoNotPay Do?
Once you use DoNotPay to eliminate your Titan Invest fees, you'll want to use it to handle many other problems. A few solutions that DoNotPay offers are:
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