What it costs
Small differences in fees can have a big impact on the long-term performance of your investments. For this reason, we aim to keep fees as low as possible while still giving you great customer service.
1. Administration fee – All assets
These fees are paid to cover the costs of administering your Partnervest account.
| Account Balance | % p.a. | How and when paid |
|---|---|---|
| $0 - $500,000 | 0.40% p.a. | The administration fees are tiered based on your account balance. |
| $500,001 - $2,000,000 | 0.35% p.a. | |
| $2,000,001 - $5,000,000 | 0.30% p.a. | |
| $5,000,001 - $10,000,000 | 0.10% p.a. | |
| $10,000,001 and over | Nil |
The total administration fee is subject to a minimum fee of $204 p.a.
Fees are not charged to establish your account, close your account, process withdrawals or additional investments, or to switch between investments.
2. Investment fees – Managed Account Model Portfolios only
Direct fees: 0.15 p.a. (capped at $7,500 p.a.) Indirect fees: 0.05% - 0.50% p.a.
3. Investment fees – Cash Hub
Cash Hub: 0.75% p.a. on the Cash Hub balance and the cash held in the Managed Account Model Portfolios (if any).
Examples of fees and costs for a Managed Fund
Example: This tables give an example of how fees and costs in the Franklin Multi-Asset Balanced Fund for this managed investment product can affect your investment over a 1-year period. You should use this table to compare this product with other managed investment products..
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EXAMPLE - Franklin Multi-Asset Balanced Fund |
Balance of $50,000 with a contribution of $5,000 during year |
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Contribution fee |
Nil |
For every additional $5,000 you put in, you will be charged $0 |
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PLUS |
Administration fee: 0.40% +Investment fees – Managed Fund: 0.30% (indirect) + Investment fees – Cash Hub: 0.75% |
And, for every $50,000 you have in the Franklin Multi-Asset Balanced Fund you will be charged $357 each year |
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EQUALS |
If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged $361.25. |
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A minimum Cash Hub balance of $2,500 is required to be held. Additional fees may apply:
- if you have a nominated financial adviser, you may choose to pay upfront or ongoing advice fees
- Buy/Sell spreads may apply
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It is important that you understand all the fees that may be incurred. You should read fee information contained in the Disclosure Documents of:
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