OUR PRICING PLANS
Australian owned
We are 100% Australian owned and operated. All of your work is performed by Australians and not outsourced overseas.
Trusted advice service
Absolutely and it’s financial advisers are authorised to provide financial advice by Absolutely Financial Services Pty Ltd, which holds an Australian Financial Services (AFS) licence.
Our commitment
We guarantee to provide our clients with a great advice experience. The clients best interests always come first.
Digital
$150,000 minimum balance (combined)
$390
One-off initial advice fee
$490
One-off initial advice fee
$590
One-off initial advice fee
0.35%
Annual fee
Based on your account balance
Initial advice fee includes:
- Super or Pension
- Personal investments
Initial advice on investing in a portfolio chosen to help maximise your money at optimised levels of risk. More details
- Life insurance
Annual fee includes:
- Absolutely customer service
Our phone and email support available 7 days a week. More details
- Portfolio reviews:
- Portfolio updates: applies research updates to our model portfolios to your super, pension or investment accounts. More details
- Portfolio rebalancing: can correct your asset allocation when markets cause it to shift or when your cash position changes significantly. More details
- Retained investment option: choose to retain existing funds or Australian shares in your portfolio. More details
Plus
$150,000 minimum balance (combined)
$390
One-off initial advice fee
$490
One-off initial advice fee
$590
One-off initial advice fee
0.70%
Annual fee
Based on your account balance
Initial advice fee includes:
- All the benefits of the Digital plan
- Strategic Advice for either:
- Retirement: Initial advice for your pre or post retirement. More details
- Advanced super contributions: Initial advice for when more complex super contribution strategies are required. More details
Annual fee includes:
- All the benefits of the Digital plan
- Portfolio reviews:
- Preferred investment option: you can choose to add or exclude specific funds or Australian shares in your portfolio. More details
- Strategic Advice for either:
- Advanced super contributions: Annual review of your advanced super contributions strategy. More details
- Retirement: Annual review of your pre or post retirement strategy. More details
All plans cover the basics
Absolutely customer service
Phone-based and email support available 7 days a week. More details
Retained investment option
This feature provides the ability to retain an existing share or wholesale managed fund. More details
Online access
Access the performance of your super, pension, investment accounts. More details
Have any questions?
We are here to help and we’re available 7 days a week. If you have any questions please schedule a free call with one of our licenced financial advisers.
Have any questions?
We are here to help and we’re available 7 days a week. If you have any questions please schedule a free call with one of our licenced financial advisers.
Frequently Asked Questions
What are our fee structures?
Absolutely fees include a low one-off initial advice fee plus an annual advice fee. If your combined account balances are over $150,000 you can choose the pricing plan that suits your needs. Our fees are quoted inclusive of GST for all accounts for individual account holders and will always be confirmed and agreed with you before we proceed with your work.
Our advice fees do not include product fees or investment management fees, which are indirect cost not charged by Absolutely.
Why are Absolutely's advice fees so low?
Our one-off initial advice fee at $390-$590 is a fraction of the cost of a traditional adviser who on average charge $2,700 in up-front fees*.
Both our initial advice fee and annual advice services are designed to reduce the cost of financial advice for all Australians. We’ve been able to achieve these low advice fees by:
- focusing on digital delivery of services,
- focusing on working with products that enable us to deliver high value and low cost advice,
- limiting of complex advice,
- limiting advice on areas we don’t have expertise and/or capacity, and
- removing/reducing face-to-face meetings.
As a result not everyone will be suited to our services, however many Australian will still find our services ideally suited to them. Our Digital pricing plan may be particularly attractive to Australians living in remote areas or overseas. Our Plus pricing plan may be more suitable for Australians that anticipate they will require annual strategic advice and not just portfolio investment reviews.
*Source: Financial Planning Association of Australia (FPA) 21st October 2020.
What is our initial advice fee?
Our initial advice fee varies depending on the number of accounts you require. For a single account the cost is $390, for two accounts the cost is $490, and for three or more accounts the cost is $590.
For example, you may be an individual and require a super fund account and an investment account or you may be a couple and have two super fund accounts, in either case your set-up fee would be $490. The initial advice fee includes the cost of your statement of advice.
Implementation of the initial product recommendations in included under our annual fee arrangement.
When and how does Absolutely charge an initial advice fee?
Initial advice fees are usually charged directly from your account at the time they are established. For example if you received initial advice for your super only, the $390 fee will be directly paid from your super balance.
If you set up two or more accounts the initial advice fee will typically be split over the multiple accounts. For example if your initial advice fee for two accounts is $490 then each account will be charged $245.
If you choose not to proceed with our initial advice we will invoice you directly.
What are our annual advice fees?
Fees for our “Digital” plan are 0.35% per annum and for our “Plus” plan 0.70% per annum.
Our annual fees are non-ongoing advice (fixed term) fee arrangements, meaning they will expire and end after 12 months. There is also no commitment for the 12 months, you can stop at any time during the period. Fees are generally calculated daily on your account balance(s) and paid monthly.
Under our Digital plan the 0.35% fee is for our core service, specifically 0.35% for the portfolio reviews. Under our Plus plan the 0.70% fee is the composite of core services, specifically 0.35% for the portfolio reviews and 0.35% for the strategic advice. Ancillary services are at no additional cost as not all clients will access these services.
When and how does Absolutely charge annual advice fees?
Annual fees are typically deducted directly from your account(s) monthly in arrears. The fee is deducted from your account, only once you have provided your consent to the account provider. For example if you proceeded with our advice for your super on our digital plan with a balance of $100,000 your annual fee would be calculated each day as 0.35% per annum of the daily balance. If your balance remained unchanged for the year then the fee would be $350 per annum paid as $26.17 per month.
Our annual advice fee is prorated, so if you opened or closed an account mid-month you will only pay for the days the account had an account balance.
Can appoint or remove Absolutely as my adviser at any time?
Yes, for adviser supported products and life insurance policies we can typically be appointed or removed as your nominated adviser at any time. In situations where we are appointed as your adviser prior to you receiving initial advice and consenting to our annual fee arrangement we will endeavour to turn off any existing adviser fees.
Can I have my life insurance needs reviewed at a later time?
You can request a full insurance needs review. If we are able to proceed with the review the cost of the review is a one-off fee of $490 for an individual or $590 for a couple, however if you are on the ‘plus’ package the review can be included in your annual review for a one-off fee of $290 for an individual or $390 for a couple.
