Important changes to RetireSelect and WealthPortal Investor Service

There are some exciting changes to the RetireSelect and WealthPortal Investor Service.

IRESS have further simplified the fee structure and are offering competitive fees to your clients invested in RetireSelect and WealthPortal Investor Service.

Your clients with a balance of $250,000 will now be able to save $100 p.a.

Your clients with a balance of $1,000,000 will now be able to save $325 p.a.

From 1 June 2021, your clients will:

• pay lower administration fees of 31% p.a. for account balances of up to $250,000 instead of 0.35% p.a.,
• pay lower administration fees of 21% p.a. for account balances between the range of $250,001 and $1,000,000 instead of 0.24% p.a.,
• pay a brokerage fee of 14% per trade on ASX listed securities within a managed account model portfolio instead of 0.33%,
• pay reduced brokerage for netting of 0.14% per trade on ASX listed securities within a managed account model portfolio instead of 0.22% per trade, and
• be able to access an enhanced CORE menu which includes ten model portfolios managed by Proactive Portfolios Pty Ltd.

A Product Update Notice listing these changes in detail will be circulated through Workplace, once available.

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