Financial Services Guide version May 2009 We have just updated our Financial Services Guide which you can find it by clicking the button called ‘FSG & Privacy Policy’ which you can see over on the left hand side menu. The exciting news is that we have once again decided not to increase our minimum fees for the 6th straight year in a row because we continue to rely on our clients to refer and spread the word about our quality and service. The Annual Retainer remains unchanged at $594 per annum inclusive of GST to retain our services. The strategy fee which is in addition to the annual retainer continues to consist of an upfront component for research, recommendation and implementation plus an ongoing component for our regular portfolio review and advice. The upfront component is a maximum $3,300 (ie 3.30% inclusive of GST on the first $100,000 placement of each new dollar). The ongoing component is 0.99% (minimum 0.66% per annum inclusive of GST) of total funds under advice. The minimum applies until we have helped you to exceed $100,000 in net profit after fees but before tax. Our decision to standardise fees irrespective of the product/vehicle has been in place for the better part of a decade and was designed to limit the potential for biased advice. At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
1st-May-2009 | 
