This section is provided as a guide only. Details of the actual fees and remuneration will be provided in the Letter of Engagement. The costs of any investments or insurance we recommend will be shown in the PDS for those products.
Initial consultation
At this meeting, we discuss your personal goals and objectives, collect information about you and discuss how we may help you.
This cost may vary from an obligation free consultation to an hourly rate of up to $440 (incl. GST).
Plan preparation fees
We prepare a personalised advice document for you containing our detailed recommendations to achieve your goals and objectives. The cost depends on the complexity of the advice and the time required to prepare the document.
Typically the fees range between $1,100 and $5,500 (incl. GST), depending on the scope of advice provided. There may be a fee for implementing our advice. This fee depends on the type of product recommended, and whether you have agreed to a fixed fee or a percentage based fee in the Letter of Engagement.
Where we agree that a fixed fee will be charged, we may charge between $275 and $440 per hour (incl. GST).
Plan implementation fees
There may be a fee for implementing our advice. This fee depends on the type of product recommended, and whether you have agreed to a fixed fee or a percentage based fee in the Letter of Engagement.
Where we agree that a fixed fee will be charged, we may charge between $275 and $440 per hour (incl. GST).
For percentage based implementation fees, please see below.
Investments and Superannuation
A fee of between 0% - 4% (incl. GST) of the amount of your investment may be charged. For example, where the invested amount is $100,000 and the agreed fee is 1% the amount paid is $1,000.
Annuities and Insurance Bonds
A fee of between 0% - 4% (incl. GST) of the amount of your investment may be charged. For example, where the invested amount is $50,000 and the agreed fee is 0.5% the amount paid is $250.
Life Insurance
We may receive an initial commission of between 0-66% (incl. GST) of the first year's premium. For example, where the premium paid is $1,000 and the initial commission is 66% the amount paid to your Adviser is $660. The insurer pays this; it is not an additional cost to you and will be disclosed to you in the SOA.
One off Advice
The fees associated with this service will be focused on the Plan Preparation and Plan Implementation fees as disclosed earlier or an hourly rate as agreed between you and your Adviser.
Your Adviser will outline the scope of their services, the fees for those services and the method of payment in your Letter of Engagement before they provide any services to you.
Service Packages
If you select to have an Ongoing Service Agreement with us, we will together decide on an appropriate Service Package to meet your advice needs. The fees associated with the service package varies in accordance with the level of services provided. Any additional services not included in your Service Package will be charged at an hourly rate as disclosed in the Letter of Engagement.
Your Adviser will outline the scope of their services, the fees for those services and the method of payment in your Letter of Engagement before they provide any services to you.
Annual service and advice fee
Advice fee
For the annual services provided under your Ongoing Service Agreement and other services provided by your Financial Adviser (if applicable), an annual fee will be charged, depending on the complexity of the strategies recommended or the frequency of review. Your Financial Adviser will outline this with you in advance.
Advice fees will generally range from $770 - $12,000 (incl. GST) or 0-1.66% (incl. GST) p.a. of the value of your investment and superannuation funds. Alternatively, a fixed hourly rate of up to $440 (incl. GST) per hour may be charged.
Licensee fee
An additional fee will be charged for the services that Fiducian provides such as researching investment and insurance products and monitoring your Financial Adviser.
This can vary considerably and is scaled down depending on the balance of the funds invested and ranges from 0.24% p.a. to 0.08% p.a. (incl. GST)
Life insurance
We may receive ongoing commission of between 0-33% (incl. GST) of the annual premium per annum. For example, where the premium paid is $1,000 and the ongoing commission is 22% the amount paid to your Adviser is $220. The insurer pays this; it is not an additional cost to you.
Administration and management fees charged by product providers
Product costs are charged separately by the product provider. The product provider will disclose these fees in their Product Disclosure Statement which will outline the costs of each product and will be provided to you prior to any application being submitted.
Product rebates and commissions and other fees
Any rebates, commissions or fees payable to us as a result of implementing the financial strategy or financial product recommendations contained in an SOA, or subsequent SOAs will be disclosed to you in detail within an SOA (or other documentation) if/when required, prior to the implementation of the recommendations.
Third-party referrers
You may have been referred to us by a service provider who may receive financial or non-financial benefits from us. Your service provider will disclose this information to you. Please note that any such benefits will not impact fees charged to you or the price you will be offered for any other product.
All referral fees, rebates and commissions will be disclosed to you in the SOA, will be paid as required and permitted by law.
