About Us > Our Financial Services Guide (FSG)
How we and our employees are paid
How will I pay for the service? Do you receive remuneration, commission, fees or other benefits in relation to providing the financial services to me and how is that commission calculated?
Your initial consultation is free of charge.
Austplan Pty Ltd offer a range of payment options. We may charge you a fee on an hourly rate up to a maximum of $150 per hour + GST, depending on the time we spend developing your plan. We will invoice you for this fee when you receive our written recommendations.
Alternatively, we may receive a payment called brokerage or commission, which is paid to Austplan Pty Ltd by the Financial Product Issuer you invest/contract with. Generally the commission will be based on the amount you invest/pay and may vary from product to product. Details are contained in the product disclosure brochures available from your adviser. In some circumstances you may pay us a combination of fee for service and brokerage.
If you receive personal advice from us, we will tell you about any commissions, fees and any other benefits, where possible in actual dollar amounts, in the Statement of Advice. Our adviser will give you this Statement of Advice, before we proceed to act on your instructions.
A fee is charged for the preparation of a Statement of Advice, and will be rebated to you on an implementation of the recommendations. Your adviser will discuss this with you in the initial consultation. To assist you in making an informed decision, the Statement of Advice will fully disclose all fees involved in implementation of our recommendations.
On placement of your funds, we charge an establishment fee that is based on a percentage of funds invested, this fee can range from 1% to 5%.
Investments, managed funds, insurance and superannuation will attract brokerage as outlined in the relevant product disclosure statements. Some companies will pay ongoing commissions to assist in the provision of ongoing services. The fee for Austplan Pty Ltd’s ongoing service is based on a percentage of the value of your investment portfolio, this fee ranges from 0.25% per annum to 0.75% per annum.
The fees and commissions and other benefits paid to Austplan Pty Ltd will vary depending on the service being provided. Further information relating to fees and commissions and other benefits received by your adviser is included in the insert provided with this FSG. The insert also explains how fees and commissions are calculated, deducted and paid.
All Austplan Pty Ltd advisers are employees and paid a salary and as a consequence do not receive commissions.
