Fees

Remuneration and Fees

The services provided by Chancellor Hattersley Lloyd are based on an advisory relationship, rather than on a transaction basis. Fees are calculated on a sliding scale, based on funds under management, at market value.

There is no entry or exit fees and we charge clients a defined fee for service.

The standard fee (excluding GST) is based on a sliding scale structure:

1.00%pa to $1 million
0.75%pa from $1million to $3 million
0.65%pa from $3 million to $5 million
0.50%pa above $5 million

Minimum fee of $5,000 per annum.

Payable: quarterly in arrears normally by direct debit to client’s nominated bank account.

Example:

For a portfolio with a market value of $1 million the annual fees will be $10,000 + $1,000 GST = $11,000

For a portfolio with a market value of $2 million the annual fees will be $10,000 + $7,500 + $1,750 GST = $19,250

For a portfolio with a market value of $4 million the annual fees will be $10,000 + $15,000 + $6,500 + $3,150 GST = $34,650

The fee is calculated at the end of each quarter and the client is sent an account, or with prior approval, the amount is debited to the client’s cash management account.

In addition to our advisory fees, Chancellor Hattersley Lloyd will charge a transaction fee of 0.2% + GST on the value of the transaction with a minimum amount of $100 + GST. Part of this fee is rebated to Chancellor Hattersley Lloyd.

Example:

For a transaction of $10,000 the client will pay the minimum fee of $100 + GST.
At that level of transaction consideration, CommSec will retain $24.50 plus GST and Chancellor Hattersley Lloyd will receive the balance of $75.50 + GST.

For a transaction consideration of $100,000 the client will pay $200 + GST of which CommSec will retain $100 + GST and Chancellor Hattersley Lloyd will receive the balance of $100 + GST.

A detailed schedule of fees charged by Commsec and fees paid to Chancellor Hattersley Lloyd is available on request.

Chancellor Hattersley Lloyd may also receive up to 0.25% p.a. as a commission, on funds held in cash management trust accounts. We may also receive commission on funds held in managed investment trusts and other services. Specific details of these fees will be advised at the time of the investment.

On occasions trail commissions may be payable to Chancellor Hattersley Lloyd. Where this occurs we will fully disclose any payments at the time of providing the advice.

Our advisers are paid in either, or both of the following ways:

  • Salary
  • A share of up to 60% of the annual fees received

Chancellor Hattersley Lloyd does not pay, nor receive referral fees.