Looking for a new Super Advisor, page-11

Interesting; all the comments about fees

SMSF fees are what they are; you KNOW what you are paying each year



An SMSF with $5 million will pay around $5,000 in accounting and audit fees


If you guys could see how much people pay in fees with managed funds you would be staggered

A classic example

Had a client with about $5 million in super

All in managed funds

Fund A buys into several other funds eg B C D E F

Fund B buys into other funds, as do C D E and F

Fund C buys into fund F which buys into Fund A which in turn buys into fund D that buys into fund A

By time you have finished, all these funds end up buying into each other

Your original funds report to your the fees you have paid with them; you DO NOT see all the fees paid by the funds they have invested in

Did a quick envelope calculation and this client was really paying around $100,000 a year in fees


Would not touch a managed fund with a barge pole