Frequently Asked Questions
What are the costs involved?
There is no initial fee charged by Collins House Online to open your account and to provide you with a Statement of Advice. Collins House Online charge a monthly independent investment advice fee of $25 plus GST, irrespective of the portfolio size. This means that as your portfolio grows the Investment Advice fee becomes a lower percentage of your portfolio.
Our Managed Discretionary Account administrator (Clover) charges 0.3% pa plus GST on your portfolio. Both the Collins House Online fee and the Clover fee are charged in arrears and at the same time. These fees are debited automatically from your Macquarie CMA so you don’t need to worry about a thing. There are also other costs such as wholesale brokerage fees to buy and sell your ETF’s and the underlying fees within those ETF’s.
Your Statement of Advice will provide you with an accurate estimate of all your costs.
Are performance fees charged?
No. Positive investment returns are there to be enjoyed by you.
Collins House Online Investment Services Pty Ltd (Collins House Online) is a Corporate Authorised Representative of Collins House Private Wealth Pty Ltd AFSL 449146.