Fees and charges

Investment Management

No ongoing management or advice fees.

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01 Transactions

Brokerage

When we buy or sell ASX-listed securities on your account, brokerage fees are charged to WCF by our provider. WCF makes a small margin on top of our costs, as follows:

Funds Under Management:

  • up to $49,999: $25 per trade (no margins)
  • $50,000 to $199,999: $50 or 1.00%
  • $200,000 to $499,999: $35 or 0.70%
  • above $500,000: $25, or 0.50%
performance-results

02 Performance

RESULTS-driven

Based on WCF exceeding the minimum return (after all fees) for the chosen investment model, a performance fee of 20% is calculated and applied quarterly if applicable. Performance fees are factored over a rolling 3-year basis. Minimum returns before a performance fee applies are as follows:

Profile:

  • High Growth: RBA Cash* + 7.50% p.a.
  • Growth: RBA Cash* + 6.50% p.a.
  • Balanced: RBA Cash* + 4.50% p.a.
  • Conservative: RBA Cash* + 3.00% p.a.
  • Defensive: RBA Cash* + 2.00% p.a.

* RBA Cash Rate is currently 0.75% p.a.

Once again, the performance fee only applies if the total return from your investments exceed the above benchmarks.

SMSFs

There are two costs involved in running a SMSF Рthe set up, or establishment of the actual trust, and ongoing administration of the fund. 

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01 Establishment

Setting up

Setting up your fund has many steps, depending on your requirements. Here are the one-time, up front costs.

Standard SMSF: $1,495

  • SMSF Deed Establishment
  • SMSF Trustee Company Establishment
  • Registration with relevant regulatory bodies
  • Investment Strategy
  • Assistance with rollovers

Property SMSF: $3,995

  • All of the standard set up features, plus
  • Property Trust establishment
  • Property Trust trustee company establishment
  • Guidance on borrowing using an LRBA (Limited Recourse Borrowing Arrangement)
  • Assistance in the purchase and ongoing valuation and management requirements of your SMSF property investment
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02 Administration

financials, tax, support

Once your SMSF structure is established and your fund is registered with the relevant regulatory bodies, there is an ongoing requirement on you as the Trustee of the fund to prepare annual financial statements and lodge the funds tax return. This also includes an annual audit by an ATO representative. All this takes time, money and stress.

Our SMSF administration service takes all this stress out so you (along with your WCF Investment Manager) can focus on investing your hard earned retirement savings for maximum return.

The ongoing administration cost is $1,695 per annum, including the annual audit. This is paid for by your fund, and is a tax deductible expense.

Insurance

When a general sends his troops into battle, he has a contingency plan. And in the battle for financial well-being, your financial back up plan comes in the form of an Insurance policy. Cost is

Life buoy in sunset

01 Formulate

Levels, elements, structure

You know you should have insurance, but for most people, it’s confusing and stressful. We’ll help you work out the right amount of cover and what products would be applicable for your requirements. Also give you information on the alternative ways to structure your insurance, e.g. within your SMSF or separate, so you can make an informed decision.

We’re not aligned with any specific insurance provider, which gives us the advantage of independence to choose the best of breed policy for our clients.¬†

We are compensated by the insurance company we choose which will not cost you any more or less than if you went direct. So it makes sense to get some guidance in this area.

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02 Support

Claims, management

The most important thing about insurance is when it comes time to claim on the thing. When a loved one passes away, or one of those big events of life occur, the very purpose of the protection policy comes into being. This can be a very stressful time, so a quick call to your WCF Adviser and we’ll handle as much of the details as possible to get you paid as fast as possible.

We’ll be your liaison with the insurance provider, so we can provide that extra level of support when you need it most.

Any other relevant fees and charges relating to your financial product will be disclosed upon application.