What does it cost?
The short answer is, it depends. On the type of advice you receive, what it relates to, and whether it’s over the phone or in person. Your adviser will discuss any fees with you before getting started.
What we can say is that QInvest does everything it can to keep the fees low. They’re here to help you grow your retirement savings, not eat away at them. And they believe the cost of advice – even expert advice from a QInvest1 Financial Adviser – should always be kept at a reasonable level.
A few rules of thumb about the cost of advice at QInvest
When the advice relates to your QSuper account2, we pay part of the total fee, to keep things even more affordable.
When the advice relates to things other than your QSuper account, you may need to pay an additional fee. There’s a complete list of QInvest services and fees on the QInvest website, which will be discussed with you before any advice begins.
You can deduct the portion of fees that relate to advice on your QSuper account directly from your accumulation or Income account if you like3, or pay from your personal finances. When the QInvest advice doesn’t relate to superannuation or retirement matters, you’ll need to pay for it from your own finances.
1. QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence number 238274) is ultimately owned by the QSuper Board (ABN 32 125 059 006) as trustee for the QSuper Fund (ABN 60 905 115 063). It’s a separate legal entity, responsible for the financial services and credit services it provides.
2. Just be aware that there are some circumstances when we won’t be able to contribute towards the cost of advice. These include where: (i) you have more than two advice appointments in a financial year; (ii) the advice doesn’t relate to your QSuper benefit; (iii) you need help with implementing your advice or require periodic reviews; or (iv)if you have recurring advice needs.
3. This is known as the advice fee. The amount of the advice fee we can deduct from your QSuper Accumulation or Income account to pay for your advice will depend on your situation and the type of advice you receive, and on maintaining a minimum account balance. Need more information – no problem, your adviser will be able to discuss the advice fee with you.