Typically a broker or advisor, may charge a once-off set-up fee, especially if more than one source of transfer is occurring. After which, a single annual charge will be levied against your total ongoing ARF fund value, known as the total AMC or annual management charge. Then additional charges may exist in addition to make up what’s called the TER, this tend to be nominal but always insist on full transparency.
It pays to shop around as total AMCs, (dependent on ARF size) can vary between 0.75% and 1.50% PA, depending on your choice of funds and choice of a financial advisor.
We charge our clients a built-in annual charge of between 0.20% and 0.25% of their ARF fund value, levied directly from the ARF. The fund management charge can vary between 0.50% PA and 0.75% PA, so you can expect a total AMC of 0.75% to a max of 1.00% PA , with 100% minimum investment allocation. Operational charges which make up the TER will also be made fully transparent when your personalised portfolio recommendations are been presented.