There are two types of fees:
1.Initial Advice Preparation Fee:
If you decide to work with us, we will prepare an SOA (Statement of Advice) that will formally document our advice to you after thorough research, analysis, and comparison. It will include the understanding of your current personal circumstances and financial goals, recommended strategies to achieve your goals and details of any financial products we recommend.
Normally, the cost is between $2,200 and $8,800 depending on the complexity of the recommendations and time and effort we use. The cost for preparing the SOA will be billed to you or maybe deducted from the balance of your investment or Superannuation. If you decide not to proceed with the recommendations, you will still be expected to pay for the preparation of the SOA.
2. Ongoing Service Fee:
The only thing that doesn’t change in life is change, we provide ongoing advice and support to help you stay on track with an ongoing services fee, the services may include but not limited to:
• normally two reviews in June for regulatory/tax planning and November for portfolio planning
• report and analysis of your investment portfolio. Superannuation portfolio and/or insurance policies
• phone or email access to us anytime
• newsletters and updates on regulation
The fee is normally between $2,200 and $8,800 annually based on the complexity of the recommendations and the amount of work required.