If you elect to pay us a fee for advice the following fees will apply. The fees will depend on the size of the investment portfolio and the complexity of the advice:

The minimum fee charged is $1,000 while the maximum fee is $5,000.

For example, complex advice that contain multiple goals, strategies and/or tax structures including but not limited to; superannuation funds / KiwiSaver, family trusts and companies, are likely to be charged closer to the maximum. Less complex advice that addresses limited goals, strategies and tax structures are likely to be charged closer to the minimum.

If you elect to pay a fee for ongoing review of your financial planning strategy, the ongoing fee is based on the complexity of ongoing advice and the services provided. The minimum fee is $500 p.a. while the maximum is 1% p.a. of the value of your portfolio up to $1 million and 0.30% p.a. of the value above $1 million. For example, for investment valued at $200,000 the maximum ongoing fee would be $2,000 p.a.

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. The frequency of the review will also impact the fee charged.

AIFP receives commission from the relevant lender if you take out a mortgage following my advice. The commissions are between 0.55% and 0.85% of the value of the mortgage. The amount depends on which lender and what type of mortgage you choose. In addition, AIFP may receive a commission of between 0% and 0.2% of the remaining loan balance each year.

Home Loans

AIFP will charge a fee of $1,500 for home loans we get approved for you, but you decide not to proceed with it because you decide to go to another lender, your approval has lapsed without you availing the loan or for non-disclosure of key information. These fees are to compensate for the work we have done to get the loan approved.

We will charge the full commission amount that we would have received from the lender if after your loan is approved you decide to go to another adviser or approach the lender directly for disbursement.

Business Loans

For business loans, AIFP will charge a fee of $4,500 or 1% of loan amount, whichever is higher, less any commission received from lender.

AIFP may charge fees for business loans we get approved for you but you decide not to proceed with it for any of the following reasons. These fees are to compensate for the work we have done to get the loan approved.

Where mortgage is repaid within 30 months of the settlement, AIFP will have some or all of its initial commission clawed back by the lender. If AIFP is charged a claw back by the lender, we may recover this cost from you. The cost will be recovered where the property is refinanced within 30 months of the settlement and AIFP was not given the opportunity to do the refinance, or the property was bought and sold within 30 months.