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Our Business
Pitch us against your regular wealth manager and see how we fare! Our Fees
We charge a minimum fee of NZ$ 2,000 each year or 1.5% of the portfolio - whichever is the greater. This fee includes the third party custodian charges.
In addition, for active value portfolios, we take 15% of any profit over an agreed amount. So, suppose we were to set the benchmark to be the 10 year long bond and that bond is yielding 3% at the start of the year. If the portfolio rises by 8%, then we will take a fee of 15% of (8%-3%), i.e. 15% of 5% which is 0.75%. So for that portfolio our total fee will be 2.25%. We apply a high water mark test before we take this profit share. That is to say, that the value of the portfolio must have increased above its previous annual high before we are entitled to our share of the increase.These fees will be agreed with the client in writing before we start to invest. The value portfolio service that attracts this charge is optional, not all clients choose this service. We do not get any fees other than those that are paid to us by our clients. Our interests are therefore in line with those of our clients. |