Arch Financial Services treats each client as an individual and tailors solutions to meet their specific needs. When calculating your applicable fee, we define the areas of advice, services being provided and factor in your complexities.
Financial planning can involve consideration of the following:
- Identifying financial and lifestyle goals, intentions, values and attitudes
- Investment advice
- Assessing your portfolio objectives and tolerance for investment risk
- Portfolio Asset Allocation – Dynamic Vs Static
- Self-Managed Superannuation Funds
- Structures and entities
- Strategies for tax effectiveness (in conjunction with your tax expert)
- Strategies for asset protection (in conjunction with your legal expert)
- Estate planning
- Intergenerational wealth transfer
- Cashflow Analysis
- Investment Property Cashflow Analysis
- Debt Management
- Retirement strategies
- Pension and benefit strategies
- Redundancy strategies
- Life Risk Insurance
- Income Protection
- Business succession strategies
The level of service we agree to provide on an ongoing basis will be dependent upon your individual needs. It is important that the level of service is appropriate to ensure both strategies and investments remain relevant. In terms of portfolio management, the service could range from the minimal service level which provides an annual portfolio review, to the highest level of Individually Managed Accounts (IMA) involving listed securities. Transactions in IMA’s are considered weekly, and reported quarterly.
There are usually four fees involved in the ongoing financial planning process as outlined below:
1. Progress Fee
This fee is to help cover the initial work in preparing your Statement of Advice (SoA) and is rebated against the SoA fee.
2. Preparation of Statement of Advice (SoA) Fee
This fee covers our time for the work involved in preparing your Statement of Advice. Before work commences, a fee range will be calculated and noted on the “Completion of Statement of Advice Agreement” signed by you or will be advised in a Proposal Letter. The Progress Fee will be rebated against the SoA fee.
You will receive an invoice for the SoA Fee (less rebated Progress Fee) on completion of the SoA and is payable within 14 days.
3. Implementation / Investment Takeover Fee – This fee may cover:
- our time for the work involved in managing the implementation of the recommendations agreed upon and most costs incurred by us
- our involvement with other third parties and professionals (when necessary) to help ensure the details of your strategies are coordinated
- our professionalism and expertise in ensuring all aspects of your strategy are implemented in the most appropriate means possible
- minor changes to our recommendations if your circumstances change suddenly and a review of the overall plan is required
- It does not cover costs/fees resulting from the actions required, for example: broker fees for share trades.
You will receive an invoice for this Implementation/ Investment Takeover fee and is payable within 14 days.
4. Ongoing Financial Planning Services Fee
This fee is an annual fee for the provision of the ongoing service. In some instances, the fee will be discounted by up to 50% in the first year. The Service year commences at the time you sign the service agreement (which is usually at the time we commence implementation).
Once an invoice for our ongoing financial planning service fee has been issued, there may be a number of ways you may choose to pay, for example:
- Pay it in full
- Arrange for it to be paid as a monthly direct credit from your cash management account. We often establish a cash management account as your financial hub.
- Arrange to have it withdrawn monthly from your investment.
Our minimum annual ongoing service fee is $660.