Foundations
Our Fees
Clients seeking only financial planning services will be provided with an estimate of the time based cost involved in the required scope of work before authorising any work to go ahead.
The base fee for the Portfolio Management Service is 1.5% per annum plus GST of the market value of the portfolio (excluding cash and bank bills).
The minimum size portfolio for this service is $500,000 and the fee is payable monthly in arrears. The fee reduces as the invested portfolio increases as shown below:
Invested Portfolio |
Annual PMS Fee (plus GST) |
| Up to $1,000,000 | 1.5% |
| $1,000,001 - $5,000,000 | $15,000 + 1.0% |
| $5,000,001 - $10,000,000 | $55,000 + 0.5% |
| Over $10,000,000 | $80,000 + 0.25% |
The Portfolio Management Service fee is applied to all the investment portfolio/s in your family group – superannuation fund, family trust, companies, personal names – thus providing the opportunity for significant fee savings.
We reserve the right to change an administration fee (on a time-cost basis) for work involved in the establishment of accounts and placement of funds for cash on term deposit accounts.
We reserve the right to charge a fee for investments that do not appear on the JR Wealth Management authorised investments lists.
A minimum annual fee of $7,500 plus GST applies to the Portfolio Management Service.
Our objective is for Portfolio Management Service fees to be met from investment returns that are consistently greater than market.
We gain high returns for clients on their cash accounts and term deposits but do not charge any fees on cash or term deposits.
We currently receive daily term deposit rates from nine banks and this allows us to select the most suitable bank term and rates for each portfolio.
Portfolio Management Service fees are payable monthly in arrears. The only other portfolio related fees paid by you are discounted brokerage payable to one of the seven brokers on the Broker Panel and fund manager expenses which are generally available at the wholesale level. Both these charges are fully disclosed when we make investment recommendations.
Wherever possible, JR Wealth Management does not enter into investments where commission is payable and, where permitted we will waive all entry and ongoing commissions. If commissions cannot be fully rebated to the client they are forfeited.
We do not normally receive soft dollar benefits (such as travel to conferences, tickets to events etc) from fund managers, platform providers, product manufacturers or other third parties. However, in the rare instance that we receive a soft dollar benefit that exceeds a value of $300, we will record the benefit in a public register.