How we are remunerated

We do not charge for an initial call or face-to-face meeting where we get to know you.

Any fee charged to you subsequently will depend on the nature and scope of the advice or service we provide. We will discuss and agree on the actual fees with you before we proceed and explain how they are payable.

Fees can broadly be split into two areas:

• Fees for analysis, including any written advice and guidance

• Ongoing fees for monitoring of investment funds under management

It is also our practice to refuse any ‘introductory commissions’ for referring clients to other third parties such as Solicitors, Accountants, or Property Specialists – if we refer you to someone then it is because we think they can help and not because we want to get paid.

At Compound Wealth, we offer truly independent KiwiSaver advice.
We’ve gone a step further by developing our own model KiwiSaver portfolios, available through the KiwiWRAP KiwiSaver Scheme.

We recognise that everyone has their own investment preferences, so we’ve partnered with the following KiwiSaver providers, who compensate us directly for providing financial advice:

• Milford KiwiSaver Plan

• Generate KiwiSaver Scheme

• Booster KiwiSaver Scheme

• ANZ KiwiSaver Scheme

• Pathfinder KiwiSaver Scheme

• Fisher Funds KiwiSaver Scheme

• AMP KiwiSaver Scheme

For the KiwiWRAP KiwiSaver Scheme, Kernel KiwiSaver Scheme, Kōura KiwiSaver Scheme, and GoalsGetter KiwiSaver Scheme, we charge an advice fee in addition to the fees charged by the KiwiSaver providers. This ensures transparency and flexibility in our service.

When we provide advice, all fees—both from us and the provider—will be clearly explained and confirmed upfront, so there are no surprises.

Our written advice for investments or retirement planning typically starts at $750 + GST, including implementation. Before proceeding, we’ll provide a detailed quotation for your approval.

It's important to note that we do not charge fees to make investments. While other advisers may charge as much as 5% of the funds invested (e.g., $5,000 per $100,000), we do not. Although this is a common industry practice, we believe it is not fair. As a result, we focus on charging appropriately for the comprehensive written advice we provide, which we feel is reasonable given the work involved.

Ongoing Fees
Our ongoing fees are based on a Funds Under Management (FUM) model. These fees vary depending on the type and volume of investment, operating on a sliding scale. For smaller engagements, the fee will typically not exceed 1.15% (inclusive of GST), while for larger sums, it can drop to as low as 0.25%.

Ongoing fees are charged on a monthly pro-rata basis and will be deducted from your funds unless otherwise arranged.

Where we do not have an ongoing engagement, we can still provide transactional services.

For unstructured advice or appointments with an adviser, an hourly rate of $250+gst applies. Where this requires a meeting outside of business hours or out of office, an additional fee of $350+gst may apply. We may also charge fees to cover any implementation or administration resource.

Where a transactional service is provided, we will usually agree to a cost for service beforehand, although this may rise where time and complexity becomes a factor.

We choose our providers based on what we believe is best for our clients, and we are not bound by any commercial relationships or contractual arrangements that could create conflicts of interest. This ensures that our financial advisory services remain impartial and objective.

We do not maintain a trust account or handle client funds. Due to the nature of the investment providers we work with, we cannot access client funds for any reason. All payments are made directly to the service provider. We do not accept any hard monies for investments.