What Information Will My Clients See On The Fee Consent Request?

The client’s fee consent will contain the following information: 

  • the name of the account holder 
  • the name and contact details of the fee recipient 
  • the services that the adviser will provide to the client during the coming 12 months 
  • the frequency and amount of each ongoing fee the account holder will pay during the coming 12-month period; 
  • if the amount of an ongoing fee cannot be determined, a dollar estimate of the total fees that will be charged in the coming 12-month period and an explanation of the method used to work out the estimate, and 
  • statements to the effect that: 
      • the consent will cease to have effect up to 150 days after the anniversary day for the ongoing fee arrangement, and 
      • the account holder can withdraw their consent or terminate or vary the ongoing fee arrangement at any time by notice in writing to the fee recipient. 


Have any questions for us?

If you cannot find the answer you are looking for, you can submit a request and we will be in touch as soon as possible. Alternatively you can contact us on 1300 988 878, or email us at wealth@masonstevens.com.au