Select Wealth cuts fees

Select Wealth is reducing its fee for portfolios under $250,000 from 0.60% to 0.55%.

The move is one of several changes to improve Select Wealth’s services and promote growth, Andrew Kelleher, Select Wealth Director says.

“Since we acquired the service in 2015, we’ve already reduced fees once and have also added a series of additional features and benefits like an online Statement of Advice. As we have continued to grow and introduce further efficiencies, we are delighted to now be able to reduce fees a second time”.

“In addition to competitive fees, our financial advisers and clients get to enjoy the benefits of the wider Select Wealth Management service, which include a range of model portfolios and access to securities from the NZX, ASX and NZDX. The extended menu provides a broader range of investment options, so that advisers have the option of customising portfolios to meet the needs of individual investors”.