WCF Portfolio Management Service
WCF manages Australian share portfolios for Individuals, Corporates and Self Managed Super Funds. Our unique approach draws on a well-researched and proven set of investment selection criteria and asset allocation models to create a range of model portfolios designed to outperform the market over the long term, while actively minimising risk. Along with the backing of a risk-centric AFS Licensee that oversees our investment activities, and using an industry award winning investment platform, you are assured of complete transparency and a high performance portfolio managed by professionals with a proven track record.
Our performance is measured by our model portfolios. These are hypothetical models that reflect the ideal balance of each asset class and constituent holding in each class based on the related risk profile. The returns published below are indicative only and actual client portfolio’s will differ due to the timing of investments and fees.
Fees are charged monthly in arrears, except transaction fees which are charged at the time of any buys or sells of securities within your portfolio.
Our fee structure reflects our automated systems of wealth management and we believe is relatively inexpensive when compared to other “full service” financial planning providers.
Portfolio Management Fee
Calculated on the average funds under management over the previous 12 months (charged monthly).
- For balances over $50,000 – 0.50% per annum – applied monthly.
- For balances under $50,000 – 1.00% per annum – applied monthly.
Buy and sell trades are executed on the Ausiex platform (formerly CommSec Adviser Services) at their base wholesale brokerage rate of $25 (minimum) or 0.11%, whichever is higher. WCF adds no premium on top of this base rate.
A performance fee of 20% is applied to any amount above the related FYTD benchmark return. This calculation is performed monthly (based on the accumulating FYTD return) and if applicable the fee will be applied within the first week of the following month. At the end of the financial year (June 30) this same calculation is performed on the full year’s performance and any excess fees that have been charged during the year are carried over to the new financial year and subtracted off subsequent FYTD performance. In this way, this over-charged amount becomes a hurdle that needs to be overcome with future performance in order for a valid performance fee to be charged.
We aim to out-perform the related portfolio’s benchmark index (listed below) return over the current finanial year. The relevant benchmark indexes are as follows:
|WCF Risk Profile||FE Benchmark|
|Defensive||FE UT PG Multi-Asset Cautious Index|
|Conservative||FE UT PG Multi-Asset Moderate Index|
|Balanced||FE UT PG Multi-Asset Balanced Index|
|Growth||FE UT PG Multi-Asset Growth Index|
|High Growth||FE UT PG Multi-Asset Aggressive Index|
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