The nature and total amount of fees you will be charged for any advice and services, and when and how they must be paid, will be disclosed to you by your Financial Adviser before we proceed.

All fees and charges are quoted exclusive of GST. The amount of GST payable can vary, dependant on the services provided. Generally, a smaller portion of the fee is treated as a GST-exempt financial service. Any GST applicable will be added to the quoted fee or charge and is payable by you.

Initial Planning Fees

We charge a fee to undertake the analysis of a client’s situation and prepare a Statement of Advice, then set up the client in the Investment Service, complete all Anti-Money Laundering obligations and implement your Portfolio. This fee is a set dollar amount, based on hours to complete the initial work, which will be determined by the complexity of the work required. The amount of this fee will be agreed with you prior to any engagement of our Services.

Ongoing Portfolio Management Service Fees

This provides for the ongoing investment advice as well as the custodian’s administration of your portfolio. This fee is based on a percentage of funds under advice and has a tiered scale. The fee is calculated by the custodian (Aegis) and will be deducted from the portfolio’s Cash Transaction Account (by the custodian) on the first business day of each month.

KiwiSaver Fees

We may charge a fee for initial advice and set up of KiwiSaver. This would be a set dollar amount, based on hours to complete the initial work and agreed with you prior to any engagement for our Services. There are no ongoing advice fees, as Wealth Management Limited receives an ongoing trail fee sourced from the KiwiSaver fund manager’s management fee.