Your clients may choose to pay you a contribution and/or ongoing fee as follows
Fee type | Amount | How fees are calculated |
Contribution | 0%-2% | Calculated on the amount of your client’s initial and each additional investment (excluding re-investment of distributions). |
Ongoing | 0%-1% p.a. | Calculated on the average daily balance of your client’s investment based on redemption prices. |
Once a financial adviser fee is nominated, it will be paid to your dealer group’s bank account on or around the 7th Business day after the end of each calendar quarter.
Payment of Adviser Service Fees
IDPS | Superannuation & Retirement | |||
Limits | How is it charged | Limits | How is it charged | |
One off (ad hoc fees) | No max limits | Fixed amounts are charged monthly in arrears. | Initial or transactional fee of up to $5,500 per advice event. | Fixed amounts are charged in arrears and will be paid depending on the date they are received and the payment cycle they fall within (see below for payment cycles) |
Ongoing advice fees | Fixed amounts are charged monthly in arrears on a pro rata basis. | Up to 2.20% of the account balance, fixed dollar fees are available, subject to the same maximum. | Mid-month deduction occurs on the 22-25th BD of the month, charged in arrears for the period 1st to 15th of the month). | |
Percentage amounts are charged monthly and calculated on the average daily balance on a pro rata basis. | End of month deduction occurs on 12-15th BD of the following month, charged in arrears for the period 16th to 30/31st of the month. | |||
Payment of Adviser Service Fees | Paid on the 10th business day of the month (for the previous month) | Paid twice per month: on the last day of the month and the 16th business day of the month. |