Fees & Charges
Bronson Financial Services can receive payment for their services in a number of ways.
The practice is a fee based practice, however in some instances; clients may elect to pay for services by way of brokerage paid for by a financial product supplier.
Details of our remuneration will be discussed with you on an individual basis and will be fully disclosed in the Statement of Advice provided to you. In most cases, you will be offered the alternative of a fee or payment of commission by the product provider.
The Statement of Advice will also disclose any other benefits accruing to Paul Bronson together with disclosure of any associations which might influence the provision of that advice.
In the case of risk protection, brokerage will be payable.
Initial Interview – No Charge
At this meeting, we will gather all pertinent information as to your personal situation and ascertain the scope of the work to be carried out. At this interview, we will gather all the pertinent facts about you, your goals and objectives. We do not charge you up to this point.
When You Become a Client
Our complete investment service combines our strategic advice with the production and implementation of a full financial plan. For this you will pay an initial fee.
To enable us to continue to service you on an ongoing basis to ensure plans are reviewed and you stay on track, we recommend the use of an administration service offered by a Master trust. We usually recommend the Strategy Retirement Fund for superannuation and allocated pensions, and the Strategy Portfolio Service for non-superannuation investments, however an examination of other options will be provided in our Statement of Advice.
What Does My Fee Cover?
Our fees cover:
- Formulation of strategies
- Plan preparation
- Research on funds
- Implementation of plan strategies
- Administering investments
- General client inquiries
- Review and updates of portfolios
It is important to note:
- Our financial plan will outline the fees and charges payable by you.
- Your investments will be placed into cost effective wholesale funds.
- You will not pay any entry or exit fees on investments placed.
- All fees are invoiced yearly in advance and include GST.