Brenton Jones

FEE FOR SERVICE There are a great many factors that determine the complexity of a Statement of Advice (SoA), and it should be a 'given' that a simple SoA should cost less than to prepare than should a more complex SoA. Our fee schedule aims to recognise that whilst some SoAs are more complex than others, all SoAs are essentially made up of a number of components - some of which vary depending on the complexity of a particular SoA. The level of work required to actually complete a SoA will vary depending on issues such as: - whether any strategy modelling is involved and, if so, the number of strategies to be modelled and extent of modelling required. - the number and type of strategy issues being examined in the SoA (e.g. super contributions, risk insurance, gearing etc.) - the number and type of entities for which modelling is required (e.g. companies Trusts etc.) - the number of products (both investment and risk insurance) being recommended. To this end Future Wealth Planners have put in place a points system, whereby each component of a SoA is allocated a certain number of points and the total number of points is sued to calculate the overall cost of the SoA. Each point is charged at $250. Typically our SoAs range from $800 to $2,000, however the costs and scope of advice will be agreed upon before commencing any work.