Marcus Today SMA Fee outline:
- First $250,000 = 0.33% pa
- Following $250,001-$500,000 = 0.25%pa
- Following $500,001-$1,000,000 = 0.15% pa
- Amounts over $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).
Please note: Fees are charged on a monthly basis on funds under management.
Investment Fee: 0.75% pa (includes GST) – Marcus Today charges an Investment Fee of 0.75% pa (including GST) for the management of the SMA. On top of that the SMA platform provider Praemium charges an Administration Fee that is dependent on the investment amount (see above).
Performance Fee: 10% if outperformance compared to the benchmark ASX 300 Accumulated Index Growth Fund and ASX 200 Industrials Accumulation Index Income Fund (subject to positive performance and a high-water mark)
Transactional Fee: Wholesale brokerage 0.055% plus GST Settlement $0.87 per security transaction
Expense Recovery: 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.
In-specie Transfer Fee (of your holdings) and Transaction Fees as listed in the PDS.
Please also take a look at our FAQ’s.
Please read our Financial Services Guide – click HERE
- $50,000 minimum entry
- You DO NOT require a Financial Adviser – no adviser fee is payable