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 full annual management charge.
It pays to shop around as total AMCs, typically vary between 1.00% and 1.50% PA, depending on your choice of funds and choice of a financial advisor.
We charge our clients a built-in annual fee of just 0.25% of their ARF fund value (regardless of the ARF fund size) levied directly from the ARF. The fund 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.