Investment managers pay InvestNow a distribution fee to have their products on our platform – this is our primary source of income.

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 yoru receive when you selected the Term Deposit ie what you see is what your receive, net of tax.

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.

All funds you choose to invest in have fund charges associated with them, which are levied by the fund manager (most commonly referred to as “Management Fees“. These charges 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.