GMI Fees
ANNUAL FEES
Portfolios $50,000 - $ 499,000
For portfolios valued between $50,000 (our minimum) and $500,000, our annual management fees slide from a maximum of 1.6% per annum on $50,000 down to 1% per annum on $500,000.
|
Portfolio size |
Annual Fee |
|
$50,000 |
1.60% |
|
$75,000 |
1.57% |
|
$100,000 |
1.53% |
|
$125,000 |
1.50% |
|
$150,000 |
1.47% |
|
$175,000 |
1.43% |
|
$200,000 |
1.40% |
|
$225,000 |
1.37% |
|
$250,000 |
1.33% |
|
$275,000 |
1.30% |
|
$300,000 |
1.27% |
|
$325,000 |
1.23% |
|
$350,000 |
1.20% |
|
$375,000 |
1.17% |
|
$400,000 |
1.13% |
|
$425,000 |
1.10% |
|
$450,000 |
1.07% |
|
$475,000 |
1.03% |
-
All fees quoted are exclusive of GST. GST is added to 50% of the management fees charged.
-
With the exception of the establishment fee, fees are fully tax deductible.
-
GMI deducts management fees each month from the client's cash account.
Portfolio setup fee for $50,000 - $499,000
There is a separate one-off establishment fee charged depending on whether the portfolio is established with cash, securities or a securities/cash mix:
|
Cash |
Securities |
Cash and Securities |
|
$1,500 |
$2,000 |
$2,000 |
Portfolios $500,000 and over
For portfolios valued over $500,000, annual management fees are contingent on the client’s portfolio value and investment mandate, sliding incrementally from 1% to 0.5% for stocks and from 0.5% to 0.25% for cash and fixed interest (see table below). Additionally, they are capped at 1% per annum.
|
Stocks |
Annual Fee |
|
First $500,000 |
1% |
|
Second $500,000 |
0.7% |
|
Third $500,000 |
0.6% |
|
Any further funds |
0.5% |
|
|
|
|
Cash & fixed interest |
Annual Fee |
|
First $1,000,000 |
0.5% |
|
Any further funds |
0.25% |
Portfolio setup fee $500,000 and over
There is a separate one-off establishment fee charged depending on whether the portfolio is established with cash, securities or a securities/cash mix:
-
All fees quoted are exclusive of GST. GST is added to 50% of the management fees charged.
-
With the exception of the establishment fee, fees are fully tax deductible.
-
GMI deducts management fees each month from the client's cash account.
|
Cash |
Securities |
Cash and Securities |
|
$2,500 |
$3,500 |
$3,500 |
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