Our services are provided on a ‘Fee for Advice’ basis only, which means we do not take commissions from financial institutions on investment products.
Initial consultation
At our expense.
Initial advice (advice preparation and implementation)
Our fee for the preparation and presentation of your Wealth Management Plan will range from $6,600 - $25,000 depending on the level of complexity of your situation and the advice provided. Complex advice requirements include the use of trusts and ownership structures, overseas assets or incomes, executive options and share schemes or multiple investment entities. 50% of the agreed fee will be invoiced at the commencement of work and the residual 50% will be invoiced upon delivery of the Wealth Management Plan. In the majority of cases, fees associated with implementation activities are covered under the Ongoing Advice Fee arrangement. However, in some cases the implementation activity can be complex and a fee for this work will be identified in the Wealth Plan. Where applicable, implementation fees may range from $1,000 - $5,000 and will vary depending on the level of complexity of your situation.
Ongoing Advice
We operate on a Fee for Advice basis with a Fixed Adviser Service Fee, reviewed annually. You also have the choice of alternative fee structures including a Strategic Review Fee plus a Portfolio Management Fee or a Portfolio Management Fee. The Ongoing Advice Fee charge will be based on the level of service needed and the complexity of the advice. Complex advice requirements include the use of trusts and ownership structures, overseas assets or incomes, executive options and share schemes or multiple investment entities. The level of investments under management and the frequency of review may also impact on the fee charged. Where a Portfolio Management Fee is applied, the level of the fee will vary with the complexity of the portfolio being managed. For example, for an Investment valued at $100,000 and a Portfolio Management Fee of 0.33%, the fee levied will be $330. In all cases, our minimum annual Ongoing Advice Fee will be $6,600 and our maximum annual fee will be $40,000. The fees will be collected on a monthly basis and details on your fee structure will be disclosed in your Wealth Management Plan.
Ad hoc advice
The fees for the provision of ad hoc advice not covered by an Ongoing Service arrangement will be charged on an hourly basis at a rate of $440.
Insurance Products
Unless you have agreed to a fee for advice arrangement, we will receive commission for our initial and ongoing services to you. The relevant insurer will pay initial commission between 0% and 66% and ongoing commission between 0% and 30% of the annual premium for as long as you hold the product. Commissions are paid to us by the product provider and are not a direct cost to you. Details of the relevant fee structure will be disclosed in your Wealth Management Plan.