Fund managers pay InvestNow to have their products on the platform, reflecting that they want investors to be able to readily and easily access their funds via InvestNow.

Any funds you choose to invest in have fund charges associated with them that are levied by the fund manager. The fund charges for funds on InvestNow are the same as you would experience investing directly with any of our fund managers. A small number of funds also have transaction fees* that InvestNow levies, which are applied in addition to the fund charges.

*More details available for the Vanguard and Foundation Series Funds.

In addition, InvestNow earns a distribution fee of 0.10% on Term Deposits offered on the platform. This fee does not reduce the interest rate promised to you when you selected the Term Deposit.

InvestNow also receives the interest on any money held within the Transaction Account, which helps to pay costs associated with offering and operating InvestNow. Transaction Accounts are intended to be used to fund investments into managed funds, or facilitate withdrawals to your bank account following a fund redemption, distribution or any other payment.