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Fees

We charge a one-off establishment fee of $537.50 to cover the costs of setting up your Portfolio. From then on there is one annual management fee which is charged monthly.*

There are two fee structures:

  • Annual management fee – portfolios of $100,000 - $500,000
  • Annual management fee – portfolios in excess of $500,000

Annual management fee – portfolios of $100,000 - $500,000

For portfolios valued between $100,000 and $500,000, our annual management fee is calculated in two parts – depending on how your Portfolio is structured:

  1. If your Portfolio Investment Allocation includes the Fixed Interest strategy, the fee charged on this part is 0.91% per year.
  2. If your Portfolio Investment Allocation includes the Growth strategy, the fee charged on this part slides down from 1.64%** per year down to 1.08% per year, depending on the total value of your Portfolio.

There is a minimum monthly fee of $72.

The following table illustrates the fee for various Growth strategy portfolio values.

*Fees are calculated incrementally, depending on your Portfolio value at the end of each month.

**If your Portfolio value drops below $100,000, you may be charged up to 1.72% per year depending on your Portfolio value at the end of each month.

Annual management fee – portfolios of $500,000 and over

For portfolios valued over $500,000, our annual management fee is based on your Portfolio value and Investment Allocation. The fee slides incrementally from 1.08% per year to 0.54% per year for the Growth strategy and from 0.54% per year to 0.27% per year for the Fixed Interest strategy.

There is a minimum monthly fee of $268.75.

Fees notes:

  • GST is added to 50% of both the establishment and management fees charged. The establishment fee and the management fees shown here are inclusive of GST.
  • Kiwi Wealth deducts management fees each month from the cash portion of your Portfolio.
  • Our management fees are tax deductible for many clients. The establishment fee is not tax deductible.
  • Your Portfolio will incur other costs as part of its day-to-day management which are not charged by Kiwi Wealth, e.g. sub-custody costs, capital cost of acquiring assets, brokerage. Your adviser can provide you with more information.