The Selfwealth Adviser Platform allows you to create customisable 'fee groups'. When assigned to a client, these will apply either a flat or percentage-based fee (or both) to each trade completed on a client's account. You can create as many fee groups as you like, and assign them to different clients as desired.
Fees will be deducted every time a buy or sell order is completed on the client's account, and will be reflected on the client's contract note as a separate line item. The total cost of a client's trade will be the brokerage fee plus the adviser fee.
How do I create a new fee group?
Follow the below instructions to add a new fee group:
1. Log in to the Selfwealth Adviser Platform.
2. Click Fee Structure on the left-hand navigation bar.
3. Click Add Fee Group.
4. Enter a name for the group under 'Group Name', and select whether you want this to be the default group for all new clients.
5. You will need to choose between a fixed fee, percentage based fee or both. To add a fee, enter the amount/percentage into the relevant box (if you don't wish to use a particular fee type, leave the box blank).
6. You can also choose to designate a minimum fee for each order (leave this blank if you don't want to specify a minimum fee per-trade).
7. An example will be provided showing how your fee would be applied to a sample trade. If you're happy with the fee structure, click Save to add the new fee group.
How do I edit a fee group?
Follow the below steps to edit an existing fee group:
1. Log in to the Selfwealth Adviser Platform.
2. Click Fee Structure on the left-hand navigation bar.
3. Locate the fee group you wish to modify, then click the ( 
) button to the right of it and select Edit.
4. Make any required changes and click Save once you're done.
How do I change a client's fee group?
All new clients will use the default fee group initially.
You can change a client's fee group by following the below steps:
1. Log in to the Selfwealth Adviser Platform.
2. Click My Clients on the left-hand navigation bar.
3. This will bring up a list of your active clients. Locate the client you wish to modify, then click the ( ) button to the right of it and select Change Fee Group.
4. Select the fee group you wish to assign and click Save.
How are my adviser fees paid?
Selfwealth will remit all adviser fees to the AFSL on a monthly basis, alongside a corresponding monthly fee statement. All fees are inclusive of GST.