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Fees

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: 0.28% 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..

EXAMPLE - Franklin Multi-Asset Balanced Fund

Balance of $50,000 with a contribution of $5,000 during year

Contribution fee

Nil

For every additional $5,000 you put in, you will be charged $0

PLUS
Management costs

Administration fee: 0.40%

 +Investment fees – Managed Fund: 0.30% (indirect)

+ Investment fees – Cash Hub: 0.28%

And, for every $50,000 you have in the Franklin Multi-Asset Balanced Fund you will be charged $357 each year

EQUALS
Cost of Franklin Multi-Asset Balanced

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 $357.

 

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

 

It is important that you understand all the fees that may be incurred. You should read fee information contained in the Disclosure Documents of: 

  1. Partnervest including the Service Guide and Model Portfolio Guide, and
  2. the individual investments that you select.