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.
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.
Castle Trust charges on an hourly basis for initial planning of lump sum investments - the exact cost depends on the complexity of the investment structures but generally falls into the range of $1,500-$6,000. Once the money is fully invested we charge 1% for the first $250K, 0.75% for the next $250K and 0.5% thereafter of funds under management for the investment advice with an hourly charge for the planning & spending advice.
For regular savings (excluding KiwiSaver) we charge 1% pa for first $100K and 0.5% thereafter.
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.
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.