How we charge for our services?

All fees and commissions are exclusive of GST and the fees could be greater than those disclosed below in complex cases. In these instances, we will inform you of the exact fee payable promptly in writing.

Initial consultation At our expense / Free of charge
Investment Advice preparation

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.

Implementation No fees apply
Ongoing fee for advice

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.

Ad hoc advice Where you do not wish to participate in an ongoing service fee arrangement but require ongoing advice on an ad hoc basis, a fee at an hourly rate of $150- $300 may apply. Where we provide a financial service to facilitate buying or selling of a specific financial product as instructed by you, a one-off minimum of $150 and a maximum of $300 fee may apply.
Insurance products The relevant insurer will pay initial commission between 0% and 230% and ongoing commission between 0% and 25% of the annual premium for as long as you hold the product. Commissions are paid to us by the product provider and are not an additional cost to you.
Mortgage products

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.

Reason Fees
You decide to go to another lender $4,500 or 1% of loan amount approved, whichever is higher
Approval lapsed and loan not availed
You decide to go to another adviser Full commission amount we would have otherwise received from the lender
You approach the lender directly for disbursement
Non-disclosure of information $2,000
Loan applied but declined by lender $2,000

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.


Given below are the commissions paid by lenders directly to us when we secure a loan for you.

Lender Upfront Trail Refix
ANZ 0.85% 0.00% $ 150.00
ASAP Finance 0.00% 0.00% $ -
ASB 0.85% 0.00% $ 150.00
Avanti Finance 0.80% 0.00% $ -
Bank of China 0.00% 0.00% $ -
Basecorp 0.00% 0.00% $ -
BNZ 0.55% 0.15% $ -
CFML Loans 0.00% 0.00% $ -
Core Finance 0.00% 0.00% $ -
Cressida Capital 1.00% 0.00% $ -
DBR Property Finance 1.00% 0.00% $ -
First mortgage Trust 0.00% 0.00% $ -
Heartland Bank 1.50% 0.00% $ -
Liberty 0.60% 0.15% $ -
Midlands Funds Management 0.00% 0.00% $ -
NZCU 0.00% 0.00% $ -
NZMS 0.00% 0.00% $ -
Omega Capital 0.00% 0.00% $ -
Pepper Money 0.60% 0.15% $ -
Prospa 2.00% 0.00% $ -
Reesby & Company 0.00% 0.00% $ -
Resimac 0.60% 0.15% $ -
SBS Bank 0.80% 0.00% $ 150
Select 0.60% 0.15% $ -
Southern Cross Partners 0.00% 0.00% $ -
Sovereign 0.60% 0.20% $ -
Tessera Finance 0.00% 0.00% $ -
The Co-operative Bank 0.70% 0.00% $ 150
TSB 0.85% 0.00% $ -
Westpac 0.60% 0.20% $ -
Xceda Finance 0.00% 0.00% $ -
ASAP Finance 0.00% 0.00% $ -
Yes Finance 0.00% 0.00% $ -

Upon approval of an insurance application by the insurer, we typically receive a commission from the relevant insurer. This commission is typically received upfront, although we may also receive a renewal commission. The upfront commission is determined as a percentage of the premium for the first year that you will be paying. The renewal commission, on the other hand, is calculated as a percentage of the premium you pay for each subsequent year that the policy remains active.

The percentages that each insurer uses to calculate upfront and renewal commissions are below.

Insurer/product Upfront % Renewal %
All Risk (RFA) Benefits excluding Health 210% 7.5%
Level Life 150% 30%
Health 120% 7.5%
Lump Sum 220% 7.5%
Disability 180% 15%
Redundancy 115% 7.5%
Health 140% 5%
Fidelity Life
Life, Trauma & TPD 210% 10%
Partners Life
All Risk Benefits 220% 10%
Medical Standalone 130% 7.5%