About Pursuit's fees

Pursuit's fees offer:

• value for money - Pursuit represents value for money with a transparent administration fee structure. With two models available that are both competitively priced in their target markets, it's even easier to help your clients choose a retirement or investment solution that suits their individual needs; and
• transparency - At IOOF, we believe that understanding the cost to the client and absolute transparency in disclosure of fees is of the highest importance. We're committed to delivering product flexibility, allowing clients and advisers to select the most appropriate remuneration structure to suit their needs.

Within the Select model there is a minimum Administration Fee of $360 p.a. ($30 per month) and a maximum of $3,150 p.a. - no matter how large your client's account is.

The minimum Administration Fee generally applies to account balances below $37,895 and with a tiered administration fee structure, the maximum applies to account balances above $500,000.

From IOOF's perspective, when it comes to fees, it's all about the nature of your business. Our approach is to embrace the diversity of advisers' businesses and client types. At the end of the day, it's about providing a high-quality service that gives clients the flexibility to choose the appropriate charging method - be it upfront, trailing fees or a one-off payment.

Pursuit can be tailored to facilitate the fee options you prefer.

Fee summary - transparency, flexibility and simplicity

All fees are inclusive of GST

-	-	Pursuit Core	Pursuit Select
	Entry/Exit	None	None
	Switching (managed funds and term deposits)	None	None
	Monthly membership	None	None
	Admin fee	One flat admin fee Up to 1.30% p.a. of account balance	Tiered admin fee capped at $3,150 p.a. $0 - $100,000 = 0.95% p.a. Next $400,000 = 0.55% p.a. Above $500,000 = Nil (minimum administration fee of $30/month)
	Predetermined adviser trail built into admin fee	Up to 0.60% p.a.of account balance (may be dialled down to 0%)	None
	Adviser Service Fee(s)	Nil unless negotiated with client (Dial up)	Nil unless negotiated with client (Dial up)
	Fee Aggregation	N/A	Yes (up to 4 accounts)
	Listed Security Administration Fee	N/A	$350 p.a. This fee only applies if investing in the Direct Share Choice.
	Listed Security Transaction Fee	N/A	$25.63 per listed security buy or sell order.
	Brokerage	N/A	0.205% of the value of listed security buy or sell orders, subject to a minimum of $38.44 per order.
-	Adviser Service Fee Options
	Adviser Service Fee(s)	Maximum flexibility for your business
	Upfront	To a max of 4.4% of each deposit
	Ongoing	To a max of 2.1% p.a. of account balance; or up to a max of $1,500 per month
	Once-off	To a max of $10,000 once in any 12 month period
	Listed Security Buy	To a max of $110 per listed security buy order.
	Listed Security Sell	To a max of $110 per listed security sell order.