New fees for Accelerator Plus

We've updated our administration fee structure for both Super and Wealth Accelerator Plus accounts to benefit most clients. From 1 March 2020, lower administration fee rates will apply for new clients, with the addition of a minimum annual fee of $550. Click here for more details about our new Accelerator Plus fees.

Also, for accounts with over $1 million in international securities the fee rate has been reduced. This change applies to all clients from 9 January 2020.

There has been no change to the fees for Accelerator Core.

How do clients benefit?

As a guide, accounts with a balance greater than $62,000 for Super Accelerator or $77,000 for Wealth Accelerator account are likely to experience reduced fees. The threshold may differ for clients who are part of a family group or where special fee arrangements apply.

For a client with $250,000 in Wealth Accelerator Plus the saving in fees could be up to $285 a year.

For clients that are unlikely to benefit, they may wish to consider our Accelerator Core offering.

Tailor better solutions for high net-worth clients

To help you meet the needs of your wholesale clients, we've introduced a Premium Service in Wealth Accelerator Plus and Investment Wrap. The Premium Service includes access to:

• Managed funds available only to wholesale clients (which may include 'IM' funds, unregistered schemes and overseas funds)
• Foreign currency accounts
• Unlisted Australian bonds
• Unlisted international bonds.

How much does the Premium Service cost?

The Premium Service operates on a user pays basis. Clients will pay fees based on the premium assets they choose to hold.

• A fixed premium asset fee of $50 will apply annually for each wholesale managed fund and Australian bond held by the client. 
• International bonds will be subject to the same fees as international securities, with the international securities fee of 0.15% pa (reducing on holdings over $1m) and a settlement fee of $25 (plus brokerage costs).
• Foreign exchange holdings are subject to a margin on conversion to and from AUD and no interest is credited to foreign exchange holdings.

Details of the Premium Service and how to qualify a wholesale client are included in the Netwealth Wrap Service Guide 2 Premium Service for Wholesale Clients which will be made available on our website.