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Niko Kloeten
Niko Kloeten
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Fund manager fee disparity questioned

Friday 8th of June 2012

The newly announced fee and levy regime, which applies from August, will charge fund managers a flat fee based on which band of funds under management they are in .

Those with under $20 million will pay $2000 per year, while those between $20 million and $50 million will pay $10,000, rising to $20,000 for managers with $50 million to $100 million and $40,000 for those with $100 million to $500 million.

Managers with $500 million to $1 billion will be charged $60,000, those with $1 billion to $2 billion will pay $80,000 and those with over $2 billion will pay the maximum rate of $100,000 per year.

However, while the big guys pay more, the fees are relatively much more expensive for the little guys, according to Pathfinder Asset Management executive director John Berry.

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FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
1 day ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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FMA outlines its latest expectations for advisers
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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