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Our Fees
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Value based approach
At Elodus, our fees are never an issue because they are based on “value”. We recognise that clients have different expectations and service requirements and we tailor our payment options to suit your individual needs.
At our complimentary initial meeting, we will discuss the different fees and payment plans with you and will provide you with a written quote before we commence any financial planning work on your behalf. You are not obligated to proceed beyond this point and are free to choose whether or not you would like a Statement of Advice prepared at this time.
Satisfaction guarantee
We offer you a Satisfaction Guarantee that we will address the issues and opportunities that have been raised in initial meetings on the presentation of your Statement of Advice. Each year at your annual review, we provide you with the opportunity to assess the value we have provided over the preceding twelve months. We will then again provide you with a signed service agreement outlining our obligations to you. If you feel we are not providing value, you are free to seek the services of another planner without any cost or obligation.
Fee for service philosophy
As a predominantly “fee for service” based financial planning business, we invoice our clients directly for the initial work undertaken, with commissions rebated back to them. The fees agreed to are based on the intricacy of the advice required and the amount of time spent developing our recommendations, rather than on the amount of money being invested.
This method of payment is preferred by most of our clients. It means you will be aware of the costs you may incur in advance and you can be assured that there will be no additional fees or hidden charges in the process.
Our minimum fees
Plan Preparation Fee (Minimum)
| Plan Type |
Fee |
GST |
Total |
| Limited Financial Planning Report (Mini Plan) |
$1,500 |
$150 |
$1,650 |
| Personal Financial Plan |
$2,500 |
$250 |
$2,750 |
| Comprehensive Personal Financial Plan |
$4,500 |
$450 |
$4,950 |
Ongoing Service Fee (Minimum)
| Service Level |
Fee |
GST |
Total |
| Introductory Review Service |
$1,000 |
$100 |
$1,100 |
| Annual Review Service |
$2,045 |
$205 |
$2,250 |
| Personal Financial Planning Service |
$3,523 |
$352 |
$3,875 |
Keeping your vision on track
We offer ongoing advice based on the level of service that you require, without locking you into a relationship with us. At Elodus, you are free to leave at any time without being exposed to exit fees. This rarely happens!
Through commitment, understanding, skill and communication, we are motivated to help you achieve your lifestyle and financial goals. We create partnerships that develop and evolve, empowering lives, adding inspiration and balance.
All members of the Elodus team receive a salary rather than commissions on the products they sell. This means no focus on products and that you can be confident that you are being advised in the most appropriate way to achieve your life > wealth > balance goals.
