Fees

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Financial Services Guide
marcus today sma

MARCUS TODAY SMA BASIC FEE GUIDANCE - FOR FULL EXPLANATION OF ALL FEES, SEE THE PDS

ADMINISTRATION FEE:
  • First $250,000 0.33% pa
  • $250,0001-$500,000 0.25% pa
  • $500,001-$1,000,000 0.15% pa
  • More than $1,000,001 0.00% pa
The Administration Fee is tiered – for example a balance of $1,000,000 would be charged at 0.33% for the first $250,000 and 0.25% for the next $250,000 and 0.15% for the next $500,000 (PDS – page 14).

Fees are charged on a monthly basis on funds under management.

Investment Fee

0.75% pa (includes GST).

Transactional (Brokerage) Fee

Wholesale brokerage 0.055% plus GST Settlement $0.87 per security transaction.

Establishment Fee
Application one-off cost of $60, this is the amount invested to establish your SMA. This fee is paid to your adviser.

Expense Recovery Fee
Praemium is entitled for reimbursement of expenses such as audit, legal, tax consulting, fees, expenses and liabilities relating to the management and operation of the Scheme. Payable annually from SMA account.

Cash Holding / Administration Fee 
The Cash Holding Fee is the amount that Praemium charges to arrange for the establishment of, and effect transactions relating to your cash holdings held with superior interest earning accounts. This fee is deducted from interest you earn on your cash holdings and is not separately deducted from your Account.

In-specie Transfer Fee
This is the amount that deducted from your SMA each time you transfer investment holdings in or out of your Account. No fee is payable when domestic investments are transferred into your SMA. Transaction Fees as listed in the PDS.

*DISCLAIMER
Please note that the Marcus Today SMA (separately managed account) and the Marcus Today Income SMA are managed independently of the Marcus Today newsletter portfolios published in the Marcus Today newsletter under the portfolios tab. The newsletter portfolios are managed by Marcus Today staff and are hypothetical in nature. Hypothetical portfolios by definition allow a higher risk profile and more trading activity than the SMAs which are long term investment portfolios with an ASX benchmark and a more robust quality overlay. For compliance reasons the Marcus Today staff managing the Marcus Today newsletter portfolios are deliberately unaware of the SMA changes as they occur and the SMA Manager is unaware of the Marcus Today portfolio changes until they are reported in the Marcus Today newsletter. As such there can be material differences in the holdings, cash weightings, changes and timing between the SMA portfolios and the Marcus Today newsletter portfolios. If you wish to invest in the Marcus Today newsletter portfolios you will need to monitor the portfolio changes through the newsletter and manage your investments yourself, independently of the SMAs. If you wish to invest in the Marcus Today SMAs then you are in the right place.