How do I set up or exclude advice fees (adviser fees)?

Advice fees are agreed between a client and a Nominated Financial Adviser, for services provided by your Nominated Financial Adviser or their AFS Licensee in relation to your interest in Wealth Accelerator or Super Accelerator.

When you sign the 'Application form' (Wealth Accelerator or Super Accelerator) and nominate advice fees, you are instructing us to pay the advice fees as set out in the section of the 'Application form' headed 'Nominate your Financial Adviser and advice fees' to your Nominated Financial Adviser's AFS Licensee and you are authorising us to deduct those fees from your cash account.

Where applicable, you are authorising for some or all of these amounts to be paid by your Nominated Financial Adviser's AFS Licensee to your Nominated Financial Adviser.

You may instruct Netwealth to terminate any or all advice fees at any time. If you do not appoint a financial adviser as your Nominated Financial Adviser, no advice fees are charged.

Netwealth can pay advice fees in a range of ways including those in the table below.

Type of advice fee	If you have nominated a financial adviser, you may agree with your Nominated Financial Adviser to pay advice fees as follows
Upfront advice fee	An upfront advice fee of: a fixed percentage of the gross investment into your account (excluding any non-custodial assets); and/or a fixed dollar amount.
Ongoing advice fee	An ongoing advice fee for services that your Nominated Financial Adviser provides in relation to the monitoring and ongoing reporting on your account and advice about your account. A fixed percentage may be calculated with reference to:                   A. your total account balance;                                                       B. all assets held outside a Managed Account only;                         C. all assets held within a Managed Account only;                           D. a combination of the above (except for A and B together),         and/or a fixed dollar amount, which may be indexed each year. Percentage based fees are calculated daily and are deducted monthly in arrears from your cash account. For fixed dollar amount fee, you must specify the month in which the fee is to commence. The full amount of the fee is deducted from your cash account in that month and, thereafter at the end of each month, quarter, half year or year, as agreed by you and your Nominated Financial Adviser.
Fixed term advice fee	A fixed term advice fee for services that your Nominated Financial Adviser provides in relation to advice about your account. The term cannot be more than 12 months. A fixed percentage may be calculated with reference to:                   A. your total account balance;                                                       B. all assets held outside a Managed Account only;                         C. all assets held within a Managed Account only;                           D. a combination of the above (except for A and B together),         and/or a fixed dollar amount, which may be indexed each year. Percentage based fees are calculated daily and are deducted monthly in arrears from your cash account. For fixed dollar amount fee, you must specify the month in which the fee is to commence. The full amount of the fee is deducted from your cash account in that month and, thereafter at the end of each month, quarter, half year or year, as agreed by you and your Nominated Financial Adviser.
Advice fee - ASX listed securities  This fee applies only to Wealth Accelerator Plus and Super Accelerator Plus	An advice fee in respect of advice in relation to transactions in ASX listed securities placed through our nominated broker. The available fee options are: a percentage of the trade value of the listed security or securities; a fixed dollar amount per trade; or an amount which is greater of the two above.
Once only advice fee	From time to time you may agree with your Nominated Financial Adviser to pay a single, once-only fee for specific advice services provided by your Nominated Financial Adviser in relation to your interest in Wealth Accelerator or Super Accelerator. If so, Netwealth deduct the fee from your cash account and pay the specified amount to your Nominated Financial Adviser's AFS Licensee.

Netwealth may agree to provide for the payment of advice fee in other circumstances or calculated in other ways. The type and amount of such advice fees must be previously authorised by you and agreed with your Nominated Financial Adviser. You may instruct Netwealth to pay the advice fees to more than one adviser or AFS Licensee.

Excluding advice fees on fixed income assets

This section is for the use of Adviser Representatives (AR) only. If you are a client and wish to learn more about this feature, please contact your AR or Netwealth at [e-mail].

You can now tailor fee arrangements with your clients to exclude term deposits, term annuities, and cash account balances when calculating your advice fees. 

To complete this, login to the Netwealth portal, select a client and navigate to Client Details > Fees > Update Fees > Edit Fees. Under the 'Arrangement Details' you can find the check boxes that you can select to exclude these fees.