Find out about all the fees you may incur when investing and learn how you can control them.
Use our calculator to see your administration fees
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What are total administration fees ?
Total administration fees are the sum of the asset based administration fees, account keeping fees and expense recovery fees. They do not include other fees and costs that may apply, such as advice fees, transaction costs, investment fees or indirect costs which you can read about in the disclosure documents or view our total fees summary overview here.
Administration fees – Asset based fee
This fee includes costs that relate to the administration or operations. It includes a fee paid to Allan Gray Australia for the distribution of Allan Gray Superannuation, Retirement or Investments, referred to as a sub promoter or promoter fee. This fee is incurred on all accounts and is calculated on the average daily balance of your account and deducted from accounts monthly and on exit, pro-rata by number of days in the month. Up to six family members with a shared adviser may link their accounts to aggregate their average daily balances. There are no asset based administration fees for investments in Allan Gray Funds.
Account keeping fee
This fee includes costs that relate to the administration of the account. This fee is incurred on all accounts and is calculated daily and deducted from accounts monthly and on exit.
Expense recovery fee
The Expense recovery fee covers costs that are not already accounted for by the Administration fee. It includes transfers to the Operational Risk Financial Reserve (ORFR) from member accounts if required to meet regulatory requirements. This fee is set by the Trustee and is calculated on the average daily balance and pro-rata by the number of days in the month, and deducted from accounts monthly and on exit. Please note that Allan Gray Investments does not charge an expense recovery fee.
Insurance administration fees
Administration fees are also charged on insurance and cover expenses related to administering and establishing a policy. For more information please refer to the Insurance Guide.