I am setting up a Self Managed Superfund for myself and am looking to deal with an experienced private wealth adviser. Before I do so I'm looking for some feedback from experienced investors that currently deal with or have dealt with stockbrokers in the past.
In your experience is it better to run with a wealth management fee structure or a transaction based fee structure?
The wealth management structure is basically 1% pa across the entire portfolio with no transactional fee's. This also covers financial reporting for tax time, research, general & personal advice...
The transaction based fee structure is 1% with an $80 minimum PER TRADE... and you get the research and the advice but all the admin is left for me to do myself...
