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1) Legislation requires that an authorised representative must know their client before making any recommendations. However there is provision that in certain circumstances an Authorised Representative may supply limited advice.
2) If you are seeking limited advice of a particular nature you must make this known at the time of the interview and you should recognize that the recommendations will only relate to that limited advice being sought.
3) Where information has not been provided, the section in the client questionnaire has been noted as “client did not wish to disclose this information”. Clients will be asked to sign that they risk receiving advice that may not be appropriate to their overall needs and objectives.

Fee Schedule

Statement of Advice Fee:

A Fee for Service is payable for the provision of the services outlined above. The Fee for Service is calculated using an hourly rate and the time spent on the services listed above. The hourly rate is $150.

Implementation Fee:

These costs cover the implementation of the recommended strategies and products.

  • The sliding scale rate is based on the size of the portfolio under advice.
  • The first $1,000,000 is levied at 1.1%
  • The remaining balance is levied at 0%

Risk Insurance – Personal and Business

Lifestyle Financial Advisers receive brokerage for the placement and ongoing service for personal and business insurance from the recommended insurer:

Up front - between 11% and 125% of the premium you pay

Ongoing – between 0% and 40% pa of the renewal premium

Direct Shares / Other

Brokerage is payable for the purchase or sale of direct shares. The amount paid is generally 0.825% per trade with a minimum of $55 applicable. Initial commission of up to 10% may be payable for the purchase of Agribusiness products detailed in the statement of advice if this type of product is recommended.

Review Fee:

A review fee will be charged to review your Statement of Advice and accompanying investment strategy to ensure they remain appropriate to your needs. The review fee charged will be 0.88% of the funds under management.

Note: Review fees may be tax deductible for income producing portfolios.

All fees disclosed are inclusive of GST.

Service Agreement:

A Service Agreement will be completed by you and us to establish the level of service and the fee basis agreed upon. Once this is completed, we will develop your Statement of Advice.

All fees and/or commissions charged will be fully detailed in the Statement of Advice you receive. Where a Fee for Service is payable an invoice will also be included when you are provided with your Statement of Advice.

 

Ph: (02) 6495 2224   |   Email: admin@lifestylefinancialadvisers.com.au