Fees & Payment

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Providing the Ability to Pursue Financial Freedom

 Fees and Payments
Sunil is a professional adviser who receives payment for the advice and services provided. Your adviser will receive payment either by collecting a fee for service, receiving commissions, or a combination of both.
Fee for service

Fees are charged according to the work undertaken by your adviser and may be charged on an hourly basis or as a flat fee. A fee may be charged for the initial work in developing and implementing a strategy, as well as for ongoing monitoring and reviews. Under a fee for service agreement, initial and ongoing commissions will generally be rebated back to you.
Commission

Your adviser may receive upfront and ongoing commission for the personal insurance services they
provide. Whilst there are a number of commission rates available, with effect from 1 January 2020, Life Insurance commissions are capped at 66% (including GST). Ongoing commission on Life Insurance is capped at 22% (including GST) on renewals. Commissions are not an additional charge to you, they are
paid by product providers for insurance or investment policies. Our fees and charges vary according to the scope and complexity of the advice required. The scope of the work and the fees charged for services are agreed with clients prior to commencing work. As a guide Sunil advice fees are $385 per hour including GST.

Details of the fees and minimum charges
• First 10-15 minutes discovery phone call – Free
• Initial meeting fee – $165 (This will be incorporated and factored into the initial advisory fee)
• Initial Advice Fee – The initial (set up) fee is based on the complexity of your situation and starts at $3,300. This one-off fee is paid at the implementation of your initial plan.
• Ongoing Advice Fee – The ongoing advice and plan tracking services start at 0.66% to 1.10% of your
investable assets managed by the adviser and is paid for monitoring of your long-term plans.
The Statement of Advice provided to you by your adviser will clearly set out all fees, charges and commissions payable.

Referral Fee Arrangement

In our commitment to transparency and adherence to industry regulations, we wish to inform you of the referral fee arrangement between R2M Accounting Services and S and P Financial Advisors. S and P Financial Advisors and R2M Accounting Services maintain a close partnership, collaborating as trusted
strategic partner in the provision of comprehensive business development solutions. In instances where applicable, S and P Financial Advisors may compensate R2M Accounting Services through a referral fee.
As part of this referral arrangement, R2M Accounting Services may receive a referral fee, potentially up to 20% of the initial upfront advice fee. Please note that a detailed breakdown of all fees will be disclosed in the advice documents (Statement of Advice). If you have any concerns or reservations about this arrangement, we encourage you to inform us promptly. It’s crucial to understand that any referral fees received will not impact the cost of the services or products you choose to engage with, nor will it compromise the quality of the advice provided. This practice is standard across the industry
and enables businesses to collaborate and benefit from established relationships.