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

In relation to commissions:

We normally receive initial and ongoing commission for any insurance business we place on your behalf.

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.

We have established partnerships with the following KiwiSaver providers who compensate us 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

Summer KiwiSaver Scheme

For the KiwiWRAP KiwiSaver Scheme, Kernel KiwiSaver Scheme, Koura KiwiSaver Scheme and GoalsGetter KiwiSaver Scheme we do charge a fee over and above the underlying KiwiSaver Scheme provider fees.

All fees will be confirmed, along with an indication of the cost, when the advice is provided. There are no surprises.

Written advice for investments or retirement planning typically starts at $1,500+gst and includes any implementation. A quotation will be provided to you for approval before our services are provided.

Comprehensive Financial Plans that go beyond the scope of investment and retirement planning, and can include analysis and commentary on financial management, estate planning and a host of other pertinent subject matter start at $3,000+gst.

It is important to note that we do not charge fees to make investments. Other advisers may charge as much as 5% of your funds to be invested (eg: $5,000 per $100,000) and we do not do this. While it is a commonly accepted practice, we do not believe it to be a fair one. This means we have to charge properly for written advice, but given the work involved, we feel this is reasonable.

Ongoing fees are charged on a Funds Under Management (FUM) basis. They can differ depending on the type of investment there is a sliding scale for the volume of funds, but typically will be no more than 1.15% inclusive of gst for a smaller engagement, falling to 0.25% for larger sums under advice. Ongoing fees are charged on a monthly pro-rata basis and subtracted from funds unless arranged otherwise.

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 can use what providers we wish to on the basis of what we beleive is best for a client. It is important to know we are not ‘locked in’ to any commercial relationships or contractual arrangements that present any particular conflicts of interest to consumers generally which would be reasonably likely to materially influence the financial adviser service.

We do not have a trust account, do not handle client funds and due to the nature of the investment providers we use, cannot personally access client monies for any reason. All funds are payable to the service provider directly. We do not accept hard monies of any kind to make an investment or pay an insurance policy.