Our fees are determined by quotation based on the size and composition of your portfolio, your stated investment objectives, likely transaction activity and type, the quality of the records you pass to us to establish your initial portfolio report, the extent to which our account operating procedures are implemented and so on.
Unfortunately because of these variables, we are unable to provide a set fee scale without first examining and discussing your position with you. However as an indication our fees usually range from 0.385% to 0.495% per annum (including GST) per annum of Total Portfolio Valuation. Our fees are payable quarterly and are subject to a minimum fee of $375.50 per quarter or $1,500.00 per annum (including GST). Our fees are usually tax deductible.
Total Portfolio Valuation means the total value of your portfolio investments at market value before borrowings, income tax provision and accruals at each quarter commencement or if there are material movements in your capital account during a quarter, the quarter average of Total Portfolio Valuations calculated at each month end during the quarter.
We reserve the right to vary our rate and basis of fee calculation, for example by substituting Total Transaction Values in lieu of Total Portfolio Valuation in our fee calculation for highly active accounts or to withdraw our services by providing 30 days written notice where upon we will transfer your records compiled on your behalf to you. Total Transaction Values means the sum of all investment purchases and sales during the quarter.
We may at our discretion remit a portion of our fees to your investment advisor in recognition of the role and support provided by your advisor to us.