Consultancy Fees

Consultancy Fees

Initial charges are agreed prior to proceeding.  An hourly rate of $200 plus GST, is charged for these services, and a fixed price for modelling and planning work is often agreed in advance.

For most clients we prepare modelling of expected future outcomes, particularly in retirement, and document this.  We also prepare a Statement of Advice (Investment), which documents a client’s circumstances, guides our investment process and decision-making and outlines responsibilities for services throughout.

Included in this we seek to –

  • Gain a clear understanding of a client’s needs and circumstances
  • Complete risk profiling
  • Prepare modelling of expected future outcomes from investment decisions, and ensure any necessary changes are recommended in order to achieve high levels of confidence in those outcomes
  • Provide guidance/assistance in re-allocating/redeeming assets where necessary
  • Prepare a Statement of Advice (Investment)
  • Agree recommended courses of action and implement agreed portfolio/s
  • Ensure appropriate taxation rates are selected and maintained for investments.
  1. Ongoing monitoring and service fees for investments

Financial Prosperity Limited charges an on-going fee to cover the cost of the following services:

  • Overview of portfolio managers to ensure investments continue to behave as expected, display appropriate risk/return characteristics and are taxation and fee efficient
  • Making recommendations as to change of those managers as may be necessary
  • Checking into changing needs and circumstances of clients and making modification to investments where required
  • Communicating investment research and education
  • Regular strategic reviews
  • Providing clients with regular quarterly (or other mutually agreed time-frame) on investment performance
  • Providing annual taxation statements related to the investments for clients
  • Assisting clients establish regular and/or one-off additions to portfolios and withdrawals, as necessary.

 

The annual fees are calculated monthly, in arrears, incrementally on the following basis:

Investment Amount Fees (+ GST)
Up to $500,000 1.20%
$500,001 – $1,000,000 1.00%
$1,000,001 – $2,000,000 0.80%
$2,000,001 – $5,000,000 0.60%
Above $5,000,000 0.40%

An example of these fees, on an investment of $500,000, is as follows:

$500,000 x 1.20% =            $6000

Plus GST                               $900

Total                                       $6900

Payable monthly                  $575

These fees are deducted automatically from investment portfolios, monthly in arrears.  There are no direct invoices in relation to these services that a client needs to pay.

Where additions and/or withdrawals are made to a portfolio during a month, adjustments to fees are made the following month.

We offer a wide array of financial services aimed at simplifying your life

Planning & Modelling

Ensure that you can have a comfortable retirement with confidence.

Asset Class Investing

Robust investment strategies for you and your loved ones.

Lifetime Income

Assured income for the rest of your life.

KiwiSaver – Retirement Planning

Great strategies for you and your family.

We would like to thank you and the Financial Prosperity Partners team for the professional way you have managed our life savings during this difficult year. Although we did lose a little of the interest gained during previous years, we never got to a stage of losing any of our original investment (unlike some of our friends who invested elsewhere). We are so pleased we did not panic and withdraw from this fund, as we are now seeing positive signs of growth. We have appreciated the reassuring letters, phone calls and meetings during this year. Thank you.

Annette and Errol FrewenQueenstown

The trustees are pleased that the Trust portfolio established by Joy Durrant, AIF® meets all international fiduciary standards of excellence in its structure and reporting. We are also delighted with the results achieved and expect our commitment to structured asset class investing to be long term, which will deliver enormous benefits to our communities.

Roger StylesFormer Lower Hutt City Councillor - Past Chairman, Hutt Mana Charitable Trust.

No Bridgecorp, no Strategic,
no Hanover… thank goodness!
Thank you Joy!!

Jane and PeterFamily Trust Clients, Wellington

Dear Joy,
I am very pleased to inform you that you have been awarded the Financial Advice NZ Trusted Adviser mark. Alongside our pinnacle marks this new designation shows the public that your high level of qualification, experience and ethics has been recognised by a professional body.

The public launch of the Trusted Adviser mark is scheduled for February 2021 to coincide with the new financial advice regime start on March 15. However you are welcome to use the mark now. I invite you to download the image files and the guidelines using the link below. We have updated your records on our system to show you have been awarded the Trusted Adviser mark and this, alongside your pinnacle mark, will be noted on your public profile page on the Financial Advice NZ website.
Congratulations again on being awarded the Trusted Adviser mark.

Katrina ShanksFinancial Advice NZ

Talk to Joy Durrant today.