Tax and Fees
We have been in advising for 30 years, because we add value
Other than Plan and Placement costs, fees are generally tax deductible, and so are discounted by your tax rate.
We have access to a wide range of investment solutions. If it is liquid, tradable and can be hosted on leading third-party custodial platform, we can use it. We have no other constraints. Our preference is for listed investments, and our range is global.
We can review KiwiSaver Investments, their performance and alignment to your needs.
Plans & Placement Fees
We are 100% fee-based and we receive no income from any third party. We have no conflicts of interest.
Initial meetings are without fee or obligation, once an online “Personal Financial Map” is completed.
Indicative pricing. Actual will be quoted when full details /complexity is established.
An hourly charge for financial planning and administration work by licensed Financial Adviser $250 + GST /hr. All Other Work $100 +GST/hr.
Implementation of Financial Plan
Placement/Establishment Fees (Exempt from GST)
- On First $500,000 3.0%
- On Next $500,000 2.0%
- On Next $500,000 1.0%
- More than $1,500,000 0.5%
Portfolio Management fees + GST will apply (usually tax-deductible):
This is split to be GST efficient. Advisory Fees (+GST), Admin Fee (no GST). Debited monthly.
- Admin Fee: 0.35%
- Advisory Portfolio Management Fee:
- Up to $150,000 1.5%
- $150,000 – $399,000 1%
- $400,000 – $999,000 0.8%
- $1,000,000 + 0.4%
Tax deductible of fees have a significant impact at 10.5% , 17.50% , 30% , 33% and 39%
Third Party Fees
When listed investments are bought/sold brokerage fees will apply. Although competitive through the FNZ Platform, fees will vary depending on the markets in which the investments are listed. There are no platform fees for buying/selling investment funds.
Custodial Platform Fees: Annual fee applied monthly. Usually tax-deductible.
- Up to $500,000 0.25%
- $500,001 to $1,000,000 0.20%
- $1,000,001 to $5,000,000 0.15%
- Over $5,000,000 0.10%
- Term Deposits of any amount 0.10%
- Cash Management Account 0.00%
Do you fit our client profile?
1. Accept a degree of volatility for the reward of better returns overtime?
2. Live between “fear & greed” and have a holistic approach to investing?
3. Have between $200,000 and $4 million to invest?
Time to talk?
If yes then it is time to talk to Michael, one of the most experienced advisers in NZ.
Understanding your needs is the first priority. Sharing our independent processes which put clients first is the second priority. If you proceed a recommended investment portfolio will be aligned with your needs. Without cost or obligation, a one-hour discovery session is open to those who complete an online “Personal Financial Map”. The discovery session will be productive and educational.