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Our Fees

When providing a specialised service like Australian expat financial advice we like to ensure that we are open and transparent with respect to any fees that maybe applicable.

We believe that the services we offer are valuable and the remuneration we receive is a fair reward for our expertise and skills.

We are committed to being open about any benefits or payments we receive and the costs you will incur for using our services.

The cost of providing a financial product or service to you will depend on the nature and complexity of the advice, financial product and/or service provided.

No there isn’t.

Normally we organise a time for a 30 minute discovery call with one of our specialist financial planners.

The purpose of the discovery call is to understand your financial situation and to determine whether Atlas Wealth Management can be of assistance.

There is no charge for the initial call and it would be at our own cost.

Please note that should further calls be required then we may need to charge for our time however we will confirm this with you in writing beforehand.

Atlas Wealth Management look to identify and prevent or manage any conflicts of interest between ourselves as the adviser and you as the client.

An example of how we manage this is that all of our financial planners are paid a salary and the advice provided to you does not influence what they earn as income on a monthly basis.

Atlas Wealth Management abides by the Code of Ethics standards that were introduced in Australia on the 1st of January 2020.

As part of this framework Atlas Wealth Management must always act to realise and promote the values of:

  • Trustworthiness
  • Competence
  • Honesty
  • Fairness
  • Diligence

 

NO! We are strongly against remunerating our financial planners by way of a commission.

Atlas Wealth Management is a “fee-only” advisory firm and the only compensation we receive is from our clients.

We receive no commissions on any product we recommend and the only reason we may recommend a particular product is because it is in your best interests, not ours.

The Australian expats that we work with gain piece of mind knowing that the Atlas Wealth Management financial planner they are working with is paid a salary which is not dictated by recommended products or sales targets.

Our fee-only structure provides transparency and supports our sole objective – to help each client achieve their individual goals.

When an Australian expat engages Atlas Wealth Management to obtain financial advice there are two stages in the process with the respective fees applying to both stages.

The first stage is the Planning Phase.

By law we must prepare for you what’s called a Statement of Advice (Financial plan in layman’s terms).

Essentially this is a 30 to 70 page report that is a review of your current financial circumstances, identifying your goals and objectives and our strategy to helps you achieve those goals.

The second phase is the Ongoing Advice Phase.

Once a client has received their Statement of Advice and has approved the strategy they then may engage Atlas Wealth Management to execute the recommendations and provide ongoing advice.

When you request that Atlas Wealth Management provide you with a Statement of Advice your financial planner will provide you with a quote to prepare this for you.

The cost to prepare a Statement of Advice document ranges from USD$2,100 up to USD$10,500 and this fee will vary according to the complexity and scope of the financial advice that is being requested.

As an example, at the low end of the price range might be a simple superannuation review and consolidation or investment portfolio recommendation whereas at the top end of the range this may incorporate a review of superannuation, investment accounts and a property portfolio with the view to optimising cashflows and gearing levels to optimise tax residency.

The Statement of Advice preparation fee is a one off charge and it is calculated on a cost recovery basis based on the time that it will take us to prepare your financial plan for you.

It is important to note that by requesting a Statement of Advice you are not committing to an ongoing advice package and you are only agreeing to the one time Statement of Advice preparation fee.

We are unlike most financial planning firms in that not only are we specialists in the area of cross-border financial advice but our services are managed in house which means that we are accountable for all recommendations.

As well as providing you with research and recommendations regarding the latest legislative changes, and how that pertains to Australian expats, we also have our award winning portfolio management service which is powered by our in-house investment committee who is monitoring your portfolio daily.

Our ongoing advice fees are centered around our two core services to Australian expats and are very simple to understand.

  • Financial Planning Fee – AUD$137.50 per advised person per month.
  • Asset Management Fee – our award winning asset management service fee is a maximum of 1% and tiers down to 0.50% based on the size of the account.

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