Issue date: 19 November 2024 version 3.0
The provider of the services described in this Financial Services Guide (FSG) is Stockspot Pty Ltd (Stockspot), Stockspot ABN 87 163 214 319 is a licensed Australian Financial Services provider (AFSL 536082) regulated by ASIC.
The purpose of this FSG is to help you make an informed decision about the services we offer. This FSG is an important document that explains how we provide financial services to you. You should read this FSG carefully before using our services. It is intended to give you sufficient information to decide whether to obtain financial services from us.
In this document you will find information about:
You can contact Stockspot at:
Email: enquiries@stockspot.com.au
Postal address: Level 17, 3/300 Barangaroo Avenue, Sydney, NSW 2000
Phone: (02) 8091 8090
Our mission
Our mission
Our mission is to make investing accessible for all Australians. We combine financial experience with industry leading strategies to deliver high-performing, low-fee investment portfolios.
Our guiding principles:
What services are we authorised to provide?
Under our Australian Financial Services Licence (AFSL 536082), Stockspot is authorised to provide general and personal advice on, and deal in, the following classes of financial products to retail and wholesale clients (within the definition of the Corporations Act 2001 (Cth) (Corporations Act) ): Basic deposit products, Securities; Interests in Managed Investment Schemes including IDPS; Superannuation; and Miscellaneous Financial Investment Products limited to managed discretionary account services (MDA). We are not authorised to provide custodial or depository services.
Stockpot also does not provide any general or personal advice in relation to Insurance or any advice in relation to switching your superannuation. Please refer to your SOA for full details on what our personal financial advice to you does and does not cover.
Stockspot is the provider and operator of the Stockspot MDA Service (MDA Service) which provides you with access to our suite of investment portfolios, either through a Stockspot Investment Account (Investment Account) or through a Personal Super Account through the Stockspot MDA on Super Simplifier, a regulated superannuation platform that is issued by Equity Trustees Superannuation Limited ABN 50 055 641 757 AFSL 229757 (the Trustee). By opening either an Investment Account or a Super Account through the MDA Service, you are also appointing Stockspot as your personal financial adviser (MDA Adviser) with respect to your Investment Account or Super Account.
The Stockspot website provides general information as well as advice about investing, Exchange Traded Funds (ETFs) and the MDA Services that are available to you. Where we provide general advice, that information or advice does not take into account your personal and financial circumstances, needs and objectives. Accordingly, you should consider the appropriateness of the advice with regards to your personal and financial circumstances before acting on that advice.
As your MDA Adviser, Stockpot may provide you with personal financial advice in relation to your investment portfolio in your Investment Account or Super Account. Your investment portfolio may be comprised of ETFs that Stockspot selects as part of its range of model portfolios (Stockspot Model Portfolios). Stockspot will assess your personal circumstances and suitability for the Stockspot Model Portfolios which are offered as part of an MDA Service. If based on our assessment of your personal and financial circumstances, we consider that a Stockspot Model Portfolio is right for you, you will be provided with an MDA Contract which includes a Statement of Advice (SOA) and Investment Program. The SOA and MDA Contract will be issued in digital format for you to review and sign if you would like to proceed with the advice and access our services. We will also email you a copy to the email address provided in your application.
We will also provide you with access to other relevant documents including PDS documents for any financial products we recommend and Service Agreements for any service providers.
Any personal advice we provide as your MDA Adviser is valid for six (6) months from the date you take the Stockspot risk profile assessment. If you have not acted on this advice but wish to proceed after six (6) months, we will ask you to re-complete the risk profile assessment to ensure that we have collected the most relevant and up to date information about you.
We act on our own behalf in providing these financial services and are responsible to you for the financial services we provide to you.
More information on investing: For general information about investing (including a managed funds calculator to help you understand the effect of fees and different investment options) go to www.moneysmart.gov.au or visit Stockspot's website at www.stockspot.com.au
An MDA Service is a facility for making a financial investment that has the following key features:
When you open an Investment Account, you will hold legal title to the investments within your account and which are managed for you pursuant to the Investment Program included in your SOA and MDA Contract. We will not and are not authorised to hold the investments in your Investment Account.
When you open a Super Account, your investments will be held in your Super Account by the Trustee of Super Simplifier, and we will manage your investments pursuant to the Investment Program included in your SOA and MDA Contract. We will do this by issuing instructions to the investment administrator appointed by the Trustee as to when to buy and sell investments in accordance with your Investment Program.
Some of the key differences between making investments indirectly through Super Simplifier and investing in those same investments directly are explained in your MDA Contract and SOA. These differences include trading costs, reporting and ability to take up corporate actions.
In order to access our MDA Service, you agree to give Stockspot as your the MDA Provider authority to make investments on your behalf according to an agreed Investment Program. In developing the Investment Program, Stockspot will apply our principles of diversification and risk management to meet your investment requirements. With a MDA Service, you will be the beneficial owner of the portfolio, and have the ability to see the exact composition and value of your portfolio at any time (via our secure online service).
To find out more information about the structure of the MDA Service and the Investment Account and Super Account options that are available through the MDA Service, please read the MDA Guide - Superannuation and the MDA Contract we provide to you.
In order to provide you with MDA Services you need to open either an Investment Account or a Super Account with us, and agree to entering a contract with us with respect to MDA Services (MDA Contract).
The MDA Contract will include an Investment Program and Statement of Advice (SOA) that is prepared in accordance with the requirements in Division 3 of Part 7.7 of the Corporations Act (ie. provision of personal advice to retail clients) and Division 2 of Part 7.7A of the Corporations Act (ie. best interest obligations). The Investment Program will contain the following information:
Stockspot will be responsible for reviewing the Investment Program and the SOA once every 13 months.
Where your relevant personal circumstances have changed you will be responsible for informing Stockspot. Stockspot will review the Investment Program and SOA to ensure it remains suitable for you.
It is important to understand that, even with a sensible diversified investment strategy and appropriate time horizon, investing always involves some risk.
The financial performance of the Stockspot Model Portfolios may be influenced by a variety of general domestic and international economic factors and business conditions, which are outside the control of Stockspot. These include (but are not limited to) changes in the inflation rate, commodities prices, exchange rates, interest rates, government fiscal, monetary and regulatory policy, natural disasters, health pandemics and acts of terrorism.
Stockspot may employ certain strategies that depend upon the reliability and accuracy of the analytical investment processes. To the extent such investment processes (or the assumptions underlying them) do not prove to be correct, your Stockspot Model Portfolio (or chosen Stockspot Sustainable Portfolio) may not perform as anticipated, which could result in losses. Please carefully read the risks summarised in the MDA Contract, the PDS documents for each ETF, and for an Investment Account, the Terms and Conditions issued by the Third Party Service Provider and Transactions & payment service provider or Cash account provider. If you are opening a Super Account, you should also carefully read the PDS for Super Simplifier (Parts I and II) as well as the Super Simplifier Insurance Guide.
No guarantee can be given in respect of the future earnings of the MDA Service or the capital appreciation of your investments within the MDA. The price of investments that Stockspot has recommended can fall and rise over time. There are risks associated with the underlying investments within the MDA, which are outlined in the relevant PDS for each ETF. You should carefully consider the risks of each ETF before deciding to invest in this MDA.
The operating performance of the MDA Service may also be impacted by industry risk factors. These factors are outside the control of Stockspot. Such factors include (but are not limited to) increased compliance costs and variations in legislation and government policies.
You should also consider the risks of investing in Super Simplifier and in relation to your superannuation generally. Please carefully read the Super Simplifier PDS for further information on such risks.
In order to offer personal advice to you, we need to understand your financial needs, objectives and risk profile.
This enables us to advise on an investment strategy that is appropriate and relevant to your situation.
It will take into account your objectives, financial situation and needs (relevant personal circumstances) as provided by you in the Stockspot application process.
We will not pass on your personal financial information to third parties unless you give us permission so please complete the survey as accurately as possible. The information you provide us determines the advice and recommendations we provide to you. If you provide incorrect or incomplete information our advice may not be appropriate for your circumstances.
Based on the information provided Stockspot will recommend an Investment Program including a Stockspot Model Portfolio. Our services are not appropriate for everyone so if your personal circumstances are outside the scope of our expertise we will instead advise you to contact an appropriate specialist financial adviser.
If we do suggest a Stockspot Model Portfolio, the underlying Investment Strategy for the Stockspot Model Portfolio will be included in the Investment Program which forms part of the MDA Contract and is included in the Statement of Advice we give to you during the application process. You may also have the option to choose a Sustainable version of the Stockspot Model Portfolios.
Please read the contract carefully because it explains the basis for our recommendations and details the services we offer. If you agree to the SOA and Investment Program and wish to enter into the MDA Contract you will be asked to digitally sign the MDA Contract to access our services.
We retain all MDA Contracts for as long as you are our client and for at least seven years after you have closed your account. You may request a replacement copy of your MDA Contract at any time within that period. If you decide that our services are not what you were after, you are welcome to terminate your MDA Contract and our services at any time. There are no exit fees payable by you for withdrawals from your Investment Account or Super Account.
Please note that for Super Accounts, our advice to you is limited to the proposed investment of your superannuation in accordance with your Investment Program. If you are seeking holistic advice which may include the benefits and risks of switching your super, insurance, estate planning and tax planning, we recommend you speak with a qualified professional in these areas.
Your privacy
The privacy of your personal information is of significant importance to us. We value your trust and aim to help you manage and build wealth over the long term. The protection of your personal information is a vital part of this relationship. We only share your information with third parties when it's necessary.
These include:
Service partners: organisations that we partner with to supply products and services, for example, broker, transaction & payment service provider or Cash account provider and the Trustee of Super Simplifier.
Email platform or advertisers: we may also use your personal information to tell you about products and services we think may be of interest and value to you, you can always unsubscribe from the service by ‘unsubscribing’ from the platforms.
What other disclosure documents and statements will I receive?
In addition to this Financial Services Guide, you may also receive from Stockspot in digital format;
Where you maintain the advice relationship with us, an SOA may not be provided for further advice situations provided that your circumstances and the basis of the advice are not significantly different. However, we are required to keep a record of the advice (ROA). You may request a copy of the ROA we keep up to seven (7) years after the advice was given.
Apply for our services
You can apply for our MDA services by agreeing to and electronically signing your personalised MDA Contract. Upon receipt of your information we will need to verify your identity as part of our Know Your Client (KYC) and Anti-Money Laundering (AML) obligations.
Make an investment
To make an investment you will need to deposit funds into your Stockspot MDA Service. Stockspot will use these funds to invest into your Model Portfolio, and endeavor to invest within one business day of the funds being received. You can top up your investment by depositing funds into your Stockspot MDA Service in the same way.
Select your active account
You can select where new deposits will be invested. Choose either your Stockspot Model Portfolio or Stockspot Savings. Manage your active account settings in 'Transfer Money - Deposit Funds'.
Transfer money
You can transfer money between your Stockspot Model Portfolio and Stockspot Savings from the 'Transfer Money - Move Money' section of the Stockspot investment dashboard. Keep in mind that this may involve selling some of your investments and realising capital gains or losses. We recommend you seek advice from your tax agent about the tax consequences first.
Make a withdrawal
Withdrawal requests can be made in the 'Transfer Money' section of the Stockspot investment dashboard. To receive a cash payment from your Stockspot account, you are required to nominate a bank account in the same name as your account for funds to be transferred into. Withdrawals take four to five business days. This is in line with the ASX T+2 settlement period for investments. Once the funds clear they are transferred to your linked account the next business day. There are no additional costs to sell your investments.
Withdrawal requests received prior to 10am Monday-Friday are usually processed the same day.
Withdrawal requests received after 10am Monday-Friday or on weekends are processed the next business day.
Stockspot does not charge any fees for full or partial withdrawals.
Update your profile
You can notify us of any change in your personal situation, risk profile or circumstances by updating your profile in the 'Investment profile' section of the Stockspot investment dashboard. We recommend you keep your profile up to date and let us know about any changes as soon as possible.
Opt out
You can opt out of our services at any time by making a full withdrawal request. The process takes 4-5 business days for the funds to arrive in your linked bank account. There are no brokerage or exit fees payable for full withdrawals from your Stockspot account.
Asset Transfers
If you are transferring to another adviser or service you must notify Stockspot in writing:
https://www.stockspot.com.au/contact-us/
There is an administration fee of $30 per holding for Off-Market Transfers and HIN transfers out of Stockspot. There is no cost for selling your investments directly via the Stockspot dashboard.
Small portfolios under $10,000
For portfolios under $10,000, Stockspot will phase-in the investments gradually in order to effectively manage risk versus return for smaller portfolios. During the phase in period, the portfolios are well diversified with exposure to growth and defensive investments.
We recommend that you aim to build your portfolio to $10,000 as soon as possible (ideally within 12 months) to ensure that you enjoy the full benefits of diversification.
Apply for our services
You can apply for our MDA Services by opening a Super Account by agreeing to and electronically signing your personalised MDA Contract and Super Simplifier application form. Upon receipt of your information we will need to verify your identity as part of our Know Your Client (KYC) and Anti-Money Laundering (AML) obligations.
Once you have opened your account, you will be able to login to your Stockspot dashboard, which is where you can issue instructions to us in relation to your account. We can also receive instructions by:
Manage your super
To contribute more to your super, notify your employer about your new Super Account, nominate a beneficiary or to make a withdrawal, you can login to your account and find the relevant information under Manage your super.
You can find relevant forms under Manage your super >> Withdraw super
Super monies are preserved until a condition of release is met. Rollover (Super Accounts only) You can rollover to another super fund by making a partial or full rollover request. The process takes 4-5 business days for the funds to rollover
Small portfolios under $10,000
For portfolios under $10,000, Stockspot will phase-in the investments gradually in order to effectively manage risk versus return for smaller portfolios. During the phase in period, the portfolios are well diversified with exposure to growth and defensive investments.
We recommend that you aim to build your portfolio to $10,000 as soon as possible (ideally within 12 months) to ensure that you enjoy the full benefits of diversification.
For Investment Accounts:
| Service Provider | Description |
|---|---|
| MDA Provider | Stockspot Pty Ltd (AFSL 536082) has been authorised as a MDA Provider and is responsible for managing your account pursuant to this Investment Program. |
| MDA Adviser |
Stockspot Pty Ltd (AFSL 536082) is your Adviser. Stockspot is responsible for:
|
| Third Party Service Provider |
FNZ Securities Brokerage services are provided by FNZ Custodians (Australia) Pty Ltd ACN 624 689 694 (trading as and hereafter referred to as "FNZ Securities"). FNZ Securities is part of the FNZ Group which is a global wealth creation platform with end-to-end technology systems that partners with more than 650 major financial institutions, has over US$1.5 trillion in assets under administration and over 20 million end customers worldwide. Locally, FNZ Securities is a market and trading participant of ASX and Cboe, a general participant of ASX Clear and a general settlement participant of ASX Settlement. We invite you to click on the following link to access the FNZ Securities Terms and Conditions (inclusive the Financial Services Guide and Best Execution Arrangements). Please refer to the document named ‘Client Agreements / Terms and Conditions / Disclosures - applicable for clients of FNZ Securities that receive services via an Australian financial services provider (i.e. Australian intermediary)’. |
| Transaction and Payment Services |
Payments into and out of the Stockspot MDA Service, along with other transaction services, will be processed by Monoova Payments Pty Limited (ACN 126 015 227 | AR No. 428863), trading as Monoova, a corporate authorised representative of Monoova Global Payments Pty Ltd (ACN 106 249 852 | AFSL 421414) |
| Green ID GBG | ID verification services |
| Atanasov Audit and Consulting | Audit services |
For Super Accounts:
| Service Provider | Description |
|---|---|
| MDA Provider | Stockspot Pty Ltd (AFSL 536082) is the MDA Provider and is responsible for managing your account pursuant to this Investment Program. |
| MDA Adviser |
Stockspot Pty Ltd (AFSL 536082) is your Adviser. Stockspot is responsible for:
|
| Trustee and third party service providers |
The Trustee of Super Simplifier is Equity Trustees Superannuation Limited (ABN 50 055 641 757, AFSL 229757, RSE Licence No. L0001458). The Trustee is legally responsible for Super Simplifier, including holding all assets of Super Simplifier, and oversight of service providers. A full list of the service providers appointed by the Trustee in the operation of Super Simplifier is set out in section 1 ‘About Super Simplifier’ in the Super Simplifier PDS. |
In order to provide our services as a MDA Provider and Adviser, Stockspot has relationships with Third Party Service Providers, Transaction & Payment Services or Cash account providers and Portfolio auditing services (as outlined above). Stockspot has chosen these external service providers because they are the most suitable for this MDA. The commercial relationships Stockspot has with external service providers in no way conflicts with the provision of financial services to you.
Stockspot does not receive any financial incentives from external service providers or the ETF issuers.
Stockspot, employees thereof and individuals at “arms length” to Stockspot may also hold MDAs with Stockspot.
Should Stockspot become aware of any other conflict of interest or association that might impact its ability to act in the Client's best interest, it will immediately inform the client of such conflict or association and or fully disclose details within the SOA.
Stockspot provides a dispute resolution service to all of its clients free of charge. This obligation is a key tenet of the consumer protection principles of the Australian Financial Services Licensing system. If you have a complaint about any services you should contact Stockspot by phone (02) 8091 8090 or email: complaints@stockspot.com.au to explain your situation and concerns.
If you need additional assistance to lodge a complaint due to difficulty with a language, disability or any other reason, we can help you make your complaint.
If you would like to nominate a representative to lodge a complaint for you please send us a signed authority granting permission for the third party to act on your behalf.
What happens next:
Stockspot will acknowledge your complaint either verbally or in writing within 24 hours. Following on from this we will assess and investigate the circumstances that gave rise to your complaint.
In some circumstances we will be able to resolve your complaint within 5 business days of receipt. If this is the case, Stockspot will confirm with you verbally that you are satisfied with the outcome of the matter. At this stage, Stockspot will not provide a written response unless you request one.
In other circumstances your complaint may take longer to resolve. Stockspot will do everything possible to resolve your complaint within 30 calendar days of it being received. We will provide you with a written response detailing the outcome of your complaint. If we reject any part of your complaint we will provide you with the reasons for our decision, identify and address the issues you have raised in your complaint and set out the reasons for our findings.
If we are unable to respond to your complaint within 30 calendar days we will send you a delay letter (prior to the expiry of the 30 calendar days) detailing the reasons for the delay and if we require any further information from you.
Still not resolved?
We value your feedback and welcome the opportunity to resolve your concerns in the first instance, however understand in limited circumstances this may not be possible. If an issue has not been resolved to your satisfaction, you can lodge a complaint with the Australian Financial Complaints Authority (AFCA). AFCA is a fair and independent financial services complaint resolution scheme that is free to consumers.
Website: www.afca.org.au
Email: info@afca.org.au
Telephone: 1800 931 678 (free call)
In writing to: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001
If your complaint relates specifically to Super Simplifier, please follow the complaints procedures set out in the Super Simplifier PDS.
In accordance with ASIC Regulatory Guide 126 Compensation and insurance arrangements for AFS licensees and Section 912B of the Corporations Act, Stockspot has Professional Indemnity Insurance in place, which covers the work done by Stockspot's representatives.
If you choose to open an Investment Account or Super Account through our MDA Service, we will receive remuneration for the provision of the MDA Service to you in the form of MDA Service fees. The following information sets out the fees and costs that you may incur for both account types.
You should however, be aware that a Super Account through Super Simplifier will incur additional fees and costs charged by the Trustee of Super Simplifier. For further information on these fees and costs, please refer to your SOA and the Super Simplifier PDS.
Small differences in investment performance and fees and costs can have a substantial impact on your long-term returns.
For example, total annual fees and costs of 2% of your investment balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.
You may be able to negotiate to pay lower fees. Ask the fund or your financial adviser.
TO FIND OUT MORE
If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) Moneysmart website (www.moneysmart.gov.au) has a managed funds fee calculator to help you check out different fee options.
| Type of fee or cost | Amount | How and when paid |
|---|---|---|
| Fees when your money moves in or out of the managed investment product | ||
|
Establishment fee The fee to open your investment |
Nil | N/A |
|
Contribution fee The fee on each amount contributed to your investment |
Nil | N/A |
|
Withdrawal fee The fee on each amount you take out of your investment |
Nil | N/A |
|
Exit fee The fee to close your investment* |
Nil | N/A |
| Management costs | ||
|
MDA Service Fee¹ The fees and costs for managing your investment |
Bronze: $5.50 per month All other memberships: up to 0.055% per month of your investment balance, excluding money invested in Stockspot Savings (fees quoted inc. GST – further details provided in table below) |
Calculated based on the average of your starting and ending account balance at the 15th of each month, and debited before the end of each month |
| Service fees | ||
|
Switching fee The fee for changing investment options |
Nil | N/A |
|
Performance Fee¹ The fee on new net profit within a month |
Nil | N/A |
|
Transaction Fees¹ The fees charged by the Third Party Service Provider for the provision of dealing services |
Nil | N/A |
*Refer to administration fees (below) for more information on broker-to-broker transfers
Not less than 30 days notice will be given by Stockspot to you of changes to the terms and conditions of the fees and charges set out under MDA Fees.
The MDA Service Fee is charged on a tiered basis determined by your investment balance. No fee is charged on money invested into Stockspot Savings.
The following tables outlines the tiered structure:
| MDA Service Fee - Tiered Fee Structure | |
|---|---|
| An all inclusive fee based on your average account balance each month. | |
| Bronze |
0% for the first 6 months, then $5.50 per month (Incl. GST) New clients investing $10,000 or less |
| Silver |
0.055% per month or 0.66% p.a (Incl. GST) For account balances between $10,001 - $49,999 Automated rebalancing and dividend reinvestment |
| Gold |
0.055% per month or 0.66% p.a. (Incl. GST) For account balances between $50,000 - $199,999 Access to Stockspot Themes for portfolio customisation Automated rebalancing and dividend reinvestment |
| Platinum |
0.044% per month or 0.528% p.a. (Incl GST) For account balances between $200,000 - $1,999,999 Access to Stockspot Themes (for portfolio customisation) Automated rebalancing and dividend reinvestment |
| Diamond |
0.033% per month or 0.396% p.a. (Incl GST) For account balances of $2M+ Automated rebalancing and dividend reinvestment Access to Stockspot Themes (for portfolio customisation) Dedicated Investment Adviser |
This fee is paid to Stockspot and automatically deducted from your Stockspot MDA Service each month
The following table provides an example of how the fees and costs within the Stockspot MDA can affect your investment over a one year period.
| EXAMPLE | BALANCE OF $20,000 WITH NO CONTRIBUTIONS DURING THE YEAR | |
|---|---|---|
| MDA Service Fee |
0.055% (incl GST) per month Annualised rate is 0.66% p.a. (incl. GST) |
Total fees payable to Stockspot on a $20,000 portfolio would be $11 per month (incl GST) (approximately $132 p.a.)
|
The following table provides an example of how the fees and costs within the Stockspot MDA can affect your investment over a one year period. The example assumes a balance of $20,000 at the beginning of the year with a contribution of $10,000 during the year.
| EXAMPLE | BALANCE OF $20,000 AND $10,000 CONTRIBUTION DURING THE YEAR | |
|---|---|---|
| MDA Service Fee |
0.055% (incl GST) per month Annualised rate is 0.66% p.a. (incl. GST) |
If you had an investment of $20,000 at the beginning of the year and you put in an additional $10,000 in 6 months, you would be charged a fee of $11 per month (for the first 6 months) and $16.50 per month thereafter (based on your account balance). This equates to 0.66% of your portfolio balance per year (incl GST) and includes:
|
MDA Service Fee
The MDA Service Fee is calculated based on the average of your starting and ending account balance at the 15th of each month, and debited before the end of each month from your Stockspot MDA Service. Fees are automatically debited from the cash balance in your account.
When you lodge a full withdrawal request, the Management Fee will be calculated on the average balance in your account for the month on a pro-rata basis and deducted from the account prior to the account closure being processed and finalised.
The Management Fee is quoted inclusive of GST.
Fees on multiple accounts
If you have multiple accounts as the primary account holder, your fee tier is determined by your combined investment balance across all accounts, including any non-fee paying accounts. This helps many Stockspot clients enjoy lower fees based on their total investment balance across all of their accounts.
Only your first account is eligible for the 'first 6 months free' offer.
All eligible kids accounts continue to be fee-free until the portfolio balance reaches $10,000 or the child turns 18.
Transaction fees
There are no transaction fees applicable to this MDA Service. Brokerage costs are included in the MDA Service Fee.
ETF management fee
ETF management fees are charged by each fund issuer and included in the traded unit price. On a portfolio-weighted basis, the ETF management fees are typically 0.27% to 0.30% per year for Stockspot Model Portfolios. ETF management fees for the Stockspot Sustainable portfolios range from 0.34% to 0.47% per year. ETF management fees for the Stockspot Topaz Income and Stockspot Topaz Inflation Portfolios range from 0.264% to 0.44% per year. ETF management fees for the Stockspot Themes range from 0.04% to 0.74% per year.
Administration fees
There is an administration fee of $30 per holding for Off-Market Transfers and HIN transfers out of Stockspot. There is no cost for selling your investments directly via the Stockspot dashboard.
Remuneration or other benefits received by Stockspot's Representatives
Directors, Employees and Representatives of Stockspot receive salaries, bonuses and other benefits from Stockspot.
External service providers to this MDA Service including Execution, Cash Management, Reporting, Audit and Compliance Services are paid from the fees collected by Stockspot.
Staff remuneration and benefits
Stockspot staff are remunerated based on salary (including bonuses) and may be shareholders of Stockspot so participate in profits earned in relation to the Stockspot business.
| Stockspot MDA - Super Account | ||
| Type of fee or cost | Amount | How and when paid |
| Ongoing annual fees and costs1 | ||
|
Management fees and costs2,3 The fees and costs for managing your investment. |
0.18% MDA Service Fee of 0.18% of the net asset value of your Portfolio2,3 PLUS ETF Management Fee of between 0.04% to 0.47% p.a. of the net asset value of your Portfolio (depending on which Stockspot Model Portfolio you choose). |
The MDA Service Fee is calculated based on your average balance each month. This fee is deducted from your Cash Account each month and paid by the Trustee to Stockspot. The ETF Management Fee is an indirect cost that is included in the price of the ETF and is not charged as an explicit fee to your Cash Account. |
|
Performance fees Amounts deducted from your investment in relation to the performance of the MDA Service. |
Nil There are no performance fees charged by Stockspot in relation to you gaining access to ETFs through Super Simplifier and at this time, there are no performance fees charged by the ETFs you choose that form your Stockspot Model Portfolio. |
No fee is charged |
|
Transaction costs The costs incurred by the MDA Service when buying or selling assets. |
0.01% to 0.03% The amount of your transaction costs will vary depending on the Stockspot Model Portfolio you choose and include the transaction costs of the underlying ETFs in your Portfolio. Transaction costs disclosed in this MDA Contract, represent the amount of transaction costs that each ETF incurs as a weighted average of the relevant Stockspot Model Portfolio during the previous financial year. For further information for the actual transaction cost of a specific ETF, please see the disclosure document for that ETF. |
Transaction costs are incurred at the time when assets in your Portfolio are purchased and sold and include where assets are purchased and sold by the underlying ETFs in your Portfolio. |
| Member activity related fees and costs (fees for services or when your money moves in or out of the MDA Service)4 | ||
|
Establishment fee The fee to open your investment |
Nil | No fee is charged |
|
Contribution fee The fee on each amount contributed to your investment |
Nil | No contribution fee is charged by us |
|
Buy-sell spread An amount deducted from your investment representing costs incurred in transactions by the MDA Service |
Nil | No buy-sell spread is charged by us |
|
Withdrawal fee The fee on each amount you take out of your investment |
Nil | No withdrawal fee is charged by us |
|
Exit fee The fee to close your investment |
Nil | No exit fee is charged by us |
|
Switching fee The fee for changing investment options |
Nil | No switching fee is charged |
1 All fees in the table above are shown inclusive of GST and net of any reduced input tax credits (RITC).
2 In very limited circumstances, MDA Service fees may be negotiated with large wholesale clients only at Stockspot's discretion.
3 The MDA Service Fee includes an amount payable to Stockspot as your MDA Adviser. Please see below under Management fees and costs for further details.
4 We do not charge establishment fees, contribution fees, buy-sell spread, withdrawal fee, exit fee or switching fees. However, you may incur such costs in relation to Super Simplifier. Please see below under section Super Simplifier fees for more details.
This table gives an example of how the ongoing annual fees and costs for the Turquoise Portfolio (Balanced) investment option for this MDA Service can affect your investment over a 1-year period. You can use this table to compare the cost of this MDA Service with other MDA Services.
EXAMPLE: Turquoise Portfolio (Balanced)1 BALANCE OF $50,000 WITH A CONTRIBUTION OF $5,000 DURING YEAR
| Contribution fees | Nil | For every additional $5,000 you put in, you will be charged $0 |
| PLUS Management fees and costs2,3 | 0.44% comprising of: 0.18% MDA Service Fee2,3; and 0.26% ETF Management Fees |
And for every $50,000 you have in the Turquoise Portfolio (Balanced), you will be charged or have deducted from your investment $220 each year. |
| PLUS Performance fees | Nil | And, you will be charged or have deducted from your investment $0 in performance fees each year |
| PLUS Transaction costs | 0.01% | And, you will be charged or have deducted from your investment $5 in transaction costs |
| EQUALS Cost of Turquoise Portfolio (Balanced) | If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged fees and costs of $225 for the Turquoise Portfolio (Balanced). What it costs you will depend on the Stockspot Model Portfolio you choose. |
1 All fees in the table above are shown inclusive of GST and net of any reduced input tax credits (RITC).
2 In very limited circumstances, MDA Service fees may be negotiated with large wholesale clients only at Stockspot's discretion.
3 The MDA Service Fee includes an amount payable to Stockspot as your MDA Adviser. Please see below under Management fees and costs for further details.
The Corporations Act requires that when calculating management costs in this table, we must assume that the value of your investment remains at $50,000 and the value of your Portfolio does not fluctuate. Please be aware that management costs incurred will depend on the market value of your investment and the timing of your contributions or withdrawals during any 12-month period. The example assumes you invest in the Turquoise Portfolio, no minimum monthly fees apply, you incur no additional service fees (please see the section 'Additional Services Fees' for details) and that fees are not individually negotiated with us. In very limited circumstances, MDA Service fees may be negotiated with large wholesale clients only at Stockspot's discretion.
If you would like to calculate the effect of fees and costs on your investment you can visit the ASIC website (www.moneysmart.gov.au) and use their managed investment fee calculator.
Management fees and costs
Management fees and costs are fees and costs that relate to the administration and operation of the MDA Service include the following fees:
MDA Service Fee
An MDA Service Fee is payable to Stockspot for providing the MDA Service to you and includes:
The MDA Service Fee is calculated monthly in arrears based on the average balance of your Portfolio each month. This fee is deducted from your Cash Account each month.
The MDA Service Fee includes all ongoing advice fees payable to Stockspot as your MDA Adviser.
ETF Management Fee
Indirect costs form part of management fees and costs and include fees and expenses from any investment which qualifies as an interposed vehicle (e.g. the cost of any underlying ETF that forms part of your Stockspot Model Portfolio).
ETF Management Fees are an indirect cost to you, charged by each ETF issuer and included in the traded unit price for the relevant ETF. On a portfolio-weighted basis, the ETF Management Fees are typically 0.24% to 0.28% per year for standard Stockspot Model Portfolios. ETF management fees for the Stockspot Sustainable portfolios range from 0.32% to 0.47% per year. ETF Management Fees for the Stockspot Topaz Income and Stockspot Topaz Inflation Portfolios range from 0.35% to 0.44% per year. ETF management fees for the Stockspot Themes range from 0.04% to 0.74% per year.
For further information on the ETF Management Fee for each Stockspot Model Portfolio, please refer to section 'Portfolios managed by Stockspot' in this MDA Contract.
Performance Fees
There are no performance fees charged by Stockspot in relation to you gaining access to ETFs through Super Simplifier and at this time, there are no performance fees charged by any ETFs that form part of a Stockspot Model Portfolio. We will update you if any ETFs that do form part of a Stockspot Model Portfolio charges performance fees.
Transaction Costs
Transaction costs include brokerage, settlement costs, buy/sell spreads on investments, clearing and stamp duty costs. When you invest in a Stockspot ETF Portfolio on Super Simplifier, the Trustee will buy (and sell) investments and incur these costs. There are no transaction costs charged by us in relation to you gaining access to ETFs through Super Simplifier. Nor do we charge any buy/sell spreads in connection with your contributions and withdrawals from the MDA Service.
The underlying ETFs in your Stockspot Model Portfolio will however also incur transaction costs. These are separate to the ETF Management Fee and the Transaction costs disclosed in this MDA Contract, represent the amount of transaction costs that each ETF incurs as a weighted average of the relevant Stockspot Model Portfolio during the previous financial year. The ETFs in your Stockspot Model Portfolio are unlikely to charge buy/sell spreads. For further information of the actual transaction cost of a specific individual ETF or for information on any buy/sell spreads that may be charged by the ETF, please see the disclosure document for that ETF.
Other Fees
Additional Services Fees
If you ask us to do something special for your portfolio you may be charged a fee. An example may be to prepare for you any bespoke reporting that is otherwise not available as standard. These additional service fees vary depending on what you ask us to do and may be deducted from your Super Account or charged to you directly.
Government charges and taxation
Government taxes such as GST may be applied to your Super Account as appropriate. In addition to the fees and costs described in this section, standard government fees, duties and bank charges may also apply such as stamp duties. Some of these charges may include additional GST and will apply to your investments and withdrawals as appropriate.
Can Fees be different for different investors?
We generally don't negotiate fees however in very limited circumstances we may negotiate fees for very large wholesale arrangements only. Such terms are at our discretion.
Can Fees change?
Yes, all fees can change. Reasons might include changing economic conditions and changes in regulation. However, we will give you 30 days' written notice of any increase to fees where practicable. This notice may be given to you via your Stockspot Portal.
Staff remuneration and benefits
Stockspot staff are remunerated based on salary (including bonuses) and may be shareholders of Stockspot so participate in profits earned in relation to the Stockspot business.