Fees and Remuneration
The initial discussion is without advice, charge or commitment. No charges will be incurred nor advice given until we've agreed about what you want us to do.
Insurance
For insurance work, Castle Trust receives payment from the insurance company, unless otherwise agreed. As part of our insurance advice, we provide 2 hours advice on savings and KiwiSaver free of charge.
Investments
Castle Trust charges on an hourly basis for initial planning of lump sum investments until money is fully invested - the exact cost depends on the complexity of the investment structures but generally falls into the range of $1,500-$7,000. Thereafter we charge 0.6% of Funds Under Management plus 6 hours as per the current hourly rate. Additional work charged directly to client on an hourly basis. Any additional work is charged directly to the client on the normal time and fee basis.
For regular savings (excluding KiwiSaver) we charge 0.4% of Funds Under Management plus 3 hours as per the current hourly rate..
For KiwiSaver, no part of your KiwiSaver money is paid to us but the providers themselves pay us a small fee annually (equivalent to 0.2% of the balance) towards our administration costs.
For regular savings (excluding KiwiSaver) we charge 0.4% of Funds Under Management plus 3 hours as per the current hourly rate..
For KiwiSaver, no part of your KiwiSaver money is paid to us but the providers themselves pay us a small fee annually (equivalent to 0.2% of the balance) towards our administration costs.
Estate Planning
All estate planning work is charged for on an hourly basis. In some cases, payment from insurance companies may be used to offset costs.
Our Hourly Rate
Insurance advice is generally covered by commission. Other advice is charged for on an hourly basis. Our hourly rate is currently $200/hour + GST. This will increase annually in line with NZ CPI inflation rates.
A disclosure statement is available on request and free of charge.
