RaboPlus drops fees on managed funds
Effective to the end of the year, RaboPlus has dropped its .75 per cent entry fee on all managed funds, including funds such as AMP, BlackRock, Challenger, Colonial, Schroders, Tyndall and UBS.
According to RaboPlus senior manager of investments and managed funds Tim Hewson, clients taking up this offer can do so for a minimum investment of $250, with no ongoing administration or exit fees.
RaboPlus is an online savings and investment service and a division of Rabobank Australia.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
