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 total funds under management on the last business day of each month.
- For balances over $50,000 a flat 0.50% per annum – applied monthly.
- For balances under $50,000, a flat 1.00% per annum – applied monthly.
Based on total funds under management as follows:
- Under $50,000 – $25 or 0.11%, whichever is higher (base CommSec brokerage fee)
- $50,000 up to $199,999 – $50 up to $5,000, then 1.00%
- $200,000 up to $499,999 – $35 up to $5,000, then 0.70%
- $500,000 or more – $25 up to $5,000, then 0.50%
We aim to out-perform the related portfolio’s benchmark index (listed below) over a rolling 3-month basis. The relevant benchmark indexes are as follows:
|WCF Model||Benchmark Index*||Growth Allocation**|
|Defensive||FE UT Multi-Asset Cautious Index||Maximum 20% growth|
|Conservative||FE UT Multi-Asset Moderate Index||Maximum 40% growth|
|Balanced||FE UT Multi-Asset Balanced Index||Maximum 60% growth|
|Growth||FE UT Multi-Asset Growth Index||Minimum 60% growth|
|High Growth||FE UT Multi-Asset High Growth Index||Minimum 80% growth|
* Published monthly by Lonsec Research Pty Ltd
** A portfolio which holds a minimum or maximum percentage of assets (as shown) within Equities (Australian and Global) and the remainder in a combination of Fixed Interest Securities, Property, Hedge funds and Structured Products.
As an incentive for us to continue to produce above-market returns for our clients, we apply a performance fee of 20% (plus GST) of any amount above the related 3-month benchmark return. This calculation is performed monthly (based on the rolling 3-month return) and if applicable the fee will be applied within the first week of the following monthly in arrears. Any under-performance (or negative performance) compared to the benchmark is carried forward to subsequent months to be made up by future returns before a valid fee will be applied. Please see Terms and Conditions in the Investor Brochure for more detail.
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