Asgard offers incentives to use eWRAP
Asgardhas introduced a number of measures aimed at motivating advisers to have a closer look at its new wrap service, the eWRAP.
To encourage advisers to start using the product, Asgard is offering an enhanced commission of 50 basis points until June 30 next year when it will revert back to the usual 25 basis points.
In real terms, this means that on a portfolio of up to $100,000, the adviser will receive 88 basis points commission with a $100,000 to $250,000 portfolio earning 66 basis points in commission.
Further, Asgard will offer rebates on products fees, ranging from five to 40 per cent, with no transaction fees, additional expenses or trustee fees charged.
Advisers will also have the opportunity to retain or rebate the e-wrap administration fee for investors with portfolios of more than $100,000.
This is not available to funds transferred from existing Asgard investments and Asgard retains the right to terminate this offering, dependent on levels of interest and volumes.
Sealcorp director of distribution and sales Dan Powell says such rebates are particularly attractive given the outlook for a “benign return environment”.
eWRAP uses the capabilities of adviserNET, Asgard’s online portfolio management service.
AUTHOR
Fiona Moore
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