The Principal, Aziz Meherali, was a Senior Wealth Adviser at NAB Private Wealth from 2001 to 2012 and operated a Fee-For-Service model. He has continued this tradition at Elixir Private Wealth Pty Ltd since its inception in January 2012.
Godfrey Pembroke led the financial planning industry by introducing a completely transparent fee-for-advice model, and we continue that tradition today. When you engage us, we’ll explain upfront exactly what services we’ll provide and what they will cost, acting only when we have your written approval. Your first meeting with us is absolutely free, with no ongoing obligation to use our services.
Because we are paid by you and not the investment product providers, you can be confident we’ll only recommend investments and financial products that are in your best interests. Most importantly, we never take commissions on investment products from the financial institutions that provide them.
Our fees
Here are the some of the fees you may need to pay when you engage us, depending on the services you choose. However, these will be agreed upon before we commence work on your behalf so that there are no surprises.
Statement of advice fee
The Statement of Advice is a fixed, one-off fee for preparing your initial statement of advice, including:
- Researching and analysing your investment objectives and current situation.
- Developing a plan to help you achieve your immediate and long-term lifestyle goals.
- Creating a detailed Statement of Advice, setting out your plan for the future.
The fee depends on the complexity of the advice and the time required to deliver it. We will clearly outline the cost and get your written approval before we start.
Brokerage and investment charges
Once you’re ready to put your plan into action, we may also pass on the costs of implementing it, including brokerage on share purchases and fees for investment transactions.
Ongoing advice fee
Elixir Private Wealth offers ongoing advice through our Ongoing Advisory Service. The ongoing advice fee will be based on the level of service needed and the complexity of the advice.
Complex advice requirements include the use of trusts and ownership structures, overseas assets or incomes, executive options or multiple investment entities. We will agree with you the amount you pay based upon:
- A percentage of the amount you invest;
- A flat dollar fee;
- An hourly rate; or
- A combination of the above.
Services you receive as part of our Advisory Service may include:
- Tracking and reporting portfolio performance.
- Managing dividend payments, fund distributions and other investment income and outgoings.
- Keeping you informed about significant market developments and regulatory changes.
- Proactively identifying new investment opportunities and mitigating emerging risks.
- Working with you to ensure you are on track to achieve your goals when there are any changes to your circumstances.
- Acting as a ‘sounding board’ for any major decisions you may need to make
- Working closely with your other trusted advisers such as your accountant, banker, or solicitor to ensure the most appropriate structures and strategies are implemented to achieve your objectives.
SMSF Fees
If you have a self-managed super fund (SMSF), we may also charge separate, additional fee for fund administration and advice, including:
- Preparing and updating your fund’s investment strategy.
- Proactively identifying new investment opportunities and mitigating emerging risks.
- Investment and taxation reporting.
- Assisting with fund audits.
- Tracking regulatory changes and acting to ensure that your fund is fully compliant.