InvestNow does not charge any account or administration fees (we do receive a distribution fee on Term Deposits, see FAQ here, and interest held in Transaction Accounts, see FAQ here).
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.
On InvestNow’s Managed Funds page we display the fund charges for each fund. This includes an estimate of the Annual Fund Charges (including GST) as outlined in the fund’s Product Disclosure Statement, as well as the Total Fund Charges (including GST) charged in the fund’s most recent financial year.
Fund charges can consist of:
- Total Management & Administration charges, including Manager’s basic fee and other management and administration charge; and
- Performance-based fees
The data is sourced from The Disclose Register.
Please refer to the relevant disclosure material and the InvestNow website to ascertain what costs may be associated with each investment selected, which can include management fees, performance fees, buy and sell spreads, transaction fees, among others.