What is the Brokerage?

It is impossible to predict brokerage as it is dependent on the amount of activity in the model which is highly variable depending on market conditions. The SMA seeks to minimise brokerage costs by eliminating unnecessary trading; this process, known as netting, works to offset buy and sell trades in an investment so that only the net position is traded. A brokerage charge of approximately 0.055% is applied to trades in ASX listed securities. In addition, a settlement fee of $0.87per ASX listed security transaction will be deducted from the cash holding of your Account.