Monthly Account Fee
Ignition Wealth charges a monthly account fee for:
- Personal investors: Kickstarter portfolios (less than $25,000) & Horizon portfolios ($25,000 and over) of $16.50 per month ($198.00 per annum),
- Self-managed superannuation fund trustees: SMSF portfolios (above $25,000) of $38.50 per month ($462.00 per annum)
The account fee allows access to our online tools, advice services and formal statements of advice or self-paced advice and setup and management of underlying investment account providers.
Ignition Wealth does not receive any remuneration monetary, non-monetary, direct or indirect from any product or platform provider in the relating to the services we have provided.
Monthly Portfolio Fee
Ignition Wealth charges:
- Nil ($0.00) portfolio fees for managing the Kickstarter portfolios (for balances up to $25,000) and,
- $16.50 per month ($198.00 per annum) for the Horizon and SMSF portfolios (for balances above $25,000).
Each ETF provider charges their own management and administration fees. These fees are still much cheaper than traditional active fund managers because they track published indices. The different mix of ETFs for each model portfolio creates different ETF fees for each Ignition Wealth model portfolio and start at 0.18% but max out at only 0.273%. They are a %age based fee not a fixed $ fee.
Brokerage is payable to our stockbroking partner at the greater of $11/transaction or 0.05% of the value of the transactions above $22,000. This brokerage cost is considerably cheaper than Commsec, the largest online broker in Australia.
Ignition Wealths’ portfolios contain between 1 and 12 ETFs. Each ETF buy or sell is a transaction through our stockbroker. Investing in a portfolio with four ETFs would result in four stock market trades that each incur brokerage. See our example above.