KR is a fee for service company. We are not commission based.

What this means for you is peace of mind that we are not promoting particular products or shifting your funds around in order to gain additional commissions. If we recommend a change, it is because we genuinely believe it is in your best interest and you can act on it with confidence.

For a more detailed summary of how fees are charged, please read the Investment or SMSF fee summaries.

Investment Services Fees

Administration Services

This service is provided on a fixed fee basis and depends on the size and complexity of your portfolio. The fees for this service are outlined in our Financial Services Guide (FSG) which can be downloaded at the bottom of this page.

Professional Advice

At KR we want there to be no compromise to the quality of advice. To ensure our active or reviewed clients are happy that no ‘product’ bias exists with investment advice we give, KR accepts no up-front
commissions or trailing brokerage from fund managers. We are simply paid a fee for our service from you the client.

One off or initial advice is offered at an hourly rate which is billed at the completion of the advice process. This would include the preparation of a financial plan. If it is suitable for a client to become an active or reviewed client of KR an ongoing fee will be charged for all future work.

As a small privately owned company KR has the ability to be flexible in its fee arrangements with clients. We endeavour to reach a fee and service agreement that is profitable to both you, the client, and to KR.

Our fee structure is generally based on one of the following:

Fixed Fee: This fee structure provides certainty for the client as to what they will pay for their service throughout the year. The fee charged is on an annual basis, however it is broken into 12 equal monthly payments and direct debited from your nominated bank account.

Our preference is for this structure as we think it provides two important advantages:

❉ Clients are assured that investment or switching advice is not given on the basis that KR receives remuneration based on the execution of that advice.

❉ As the fee is set, clients are less reluctant to call us about issues and/or opportunities. Sometimes things that clients consider almost inconsequential can actually have significant impacts on planning.

Hourly Rate: Some clients prefer to pay for services on an hourly rate. In this instance KR will complete work on the clients behalf and invoice upon completion. Time will be recorded for all tasks, both administrative and professional, required to give you quality advice regarding the matter at hand.

SMSF Fees

Fund Administration

This service is provided on a fixed fee basis and depends on the size and complexity of your portfolio. The fees for this service are outline in our Financial Services Guide (FSG) which can be downloaded at the bottom of this page.

Professional Advice

Professional advice is offered on the same basis as described for investment clients.

A Copy of KR Financial Planning’s Services Guide can be downloaded here.