Fees and arrangements

Fees and charges attached to financial advice can vary, so it is important you understand what your upfront fees and ongoing costs will be for the advice you are receiving.

Fees and charges are generally paid by either one or a combination of the following methods:

• A percentage of the total funds you invest 
• An initial and/or ongoing commission
• An hourly rate
• A flat fee

The method of remuneration for advisers can vary, make sure your adviser clearly explains your options and ensures you understand how this will affect you now and into the future.

Your adviser should clearly communicate and you should agree on the services to be provided and fees to be paid, before moving ahead with your plan.

Arrangements with other organisations

An adviser must disclose ownership arrangements and any affiliations they have with other organisations. Knowing this information will assist you in making informed decisions regarding the type of adviser you prefer to work with and in assessing their recommendations.