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This article is more than 24 months old and is now archived. This article has not been updated to reflect any changes to the law.

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What Are The Multiple Layers of Fees Wrap Platform Users Pay?

Informed Investor provides free, ASIC acknowledged tools, to help your financial planning activities be more professional, more efficient, more effective and more compliant. For further background visit www.informedinvestor.com.au or enquire directly to john@informedinvestor.com.au

Article powered by Informed Investor

David Ferrall is the CEO of FinClear. FinClear has recently launched a HIN based platform model for financial advisers. In this video with Informed Investor, David discusses the multiple layers of fees a client pays inside the existing platforms models.

Key Points in the video :

  • There are five layers of fees a platform client pays to be administrated by a bank or independent platform
  • What are the hidden fees ?
  • Is free brokerage the future ?
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