Do you charge account keeping fees?

For a standard share trading account, there is no account keeping fee charged.

This would be appropriate to you if you are seeking an account to simply buy and/or sell shares. In this instance, you will be charged brokerage on share trades. 

Our minimum brokerage charge is $125 plus GST for a one-off sale. The size of a transaction will often determine if a percentage fee will be charged instead, which is determined at the outset of the client/adviser relationship.

If you require a higher level of service, more proactive adviser contact, administration support, and higher sophistication of reporting, you would pay an ongoing fee.

Otherwise, you have a Chess Portfolio and then will pay a fee on a transactional basis, for example, when you do a transaction. 

If a prospective client had inherited some shares and wanted to sell one share, usually I would impose a minimum fee of $150 plus GST for the sale.  This is due to it being a laborious process to open an account, so for a one-off sale, we tend to charge a little bit more than our standard minimum. 

Let’s discuss the best options for your portfolio. Get in touch today.