Financial Advice

Hales Douglass Financial Services typically does NOT receive commissions for investments, we prefer to charge you a fee for service. However, if we do receive an investment commission it will be in lieu of a fee for service and is typically between 0% and 4.4% (incl. GST) of the funds invested from the investment Fund Managers or other parties. This commission is not charged separately to you. The Fund Managers make the payment out of the entry/exit fees payable on your investment and pay it to us. Eg: An investment of $10,000 in a product whose manager pays 2.2% commission, Hales Douglass Financial Services will receive an initial commission payment of $220. Some companies also pay us an ongoing commission (i.e. trail commission). This is paid from the fund manager’s annual management fee (not an additional fee). Both the upfront commission and the ongoing commission are outlined in the product disclosure statement that will be attached to any recommendations we make to you. For the provision of ongoing advise and investment management of your situation. It will be typically fee for service of 1.1% per annum on assets managed for you (incl. GST). For example on a portfolio of $200,000 the fee would be $2,200” Commissions on life insurance risk products may range from 33% to 110% of the annual premiums. For example on an annual premium of $1500 with a commission rate of 33%, the commission that Hales Douglass Financial Services will receive is $495. It should be noted that the commission referred to above is payable to Hales Douglass Financial Services, while your adviser is remunerated by way of salary.