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    Adviser service fee
    ongoing consent

  • Important:

    Consent will be valid for 30 days from the consent date.

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  • In order to implement the deduction of adviser service fees Colonial First State account(s) require the member consent to be provided.

    Colonial First State (CFS) requires members’ consent to pay fees to your financial adviser directly from your CFS account(s). Consent to the deduction of ongoing adviser service fees can be provided by completing this form. In addition to setting up ongoing fees, this form can be used to change or renew the ongoing fee. Please read the form carefully to ensure this accurately reflects the agreement with your adviser. Speak to your adviser if you have any questions regarding the arrangement or contact us on 13 13 36 or at contactus@cfs.com.au

    Unless otherwise indicated, all sections of this form must be completed.

  • Single Account holder or Joint account holder
    •  
    • Member details
    • Date of Birth
       - -
      2 digit day, 2 digit month, 4 digit year
    • Format: (00) 0000-0000.
    • Member details (applicable to joint account holders only)
    • Date of Birth
       - -
      2 digit day, 2 digit month, 4 digit year
    • Format: (00) 000-0000.
    •  
    • Adviser details (Fee recipient)
      Use this space to identify the Authorised Representative or Corporate Authorised Representative where applicable.
      Adviser details and contact information is required.
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  • Ongoing
    adviser service fee
  • This type of payment is paid to your adviser on an ongoing basis subject to your annual consent.*
  • Account for the adviser service fee to be paid from
    Please state the account from which you want the fee deducted. Please apportion the fees to each account accordingly where the advice relates to super and pension.
  • Please note: Ongoing services fees are not available from FirstChoice Employer Super accounts.
  • Ongoing adviser service fee amount
    We must receive this form within 30 days of being signed by you.  Each payment will generally be deducted in the first week of the month.

  • Percentage should not be less than 0.55

  • Ongoing percentage based fees
    Where the fee is charged as a percentage of your account balance, it will generally be applied on a pro-rata basis in the first month and last month (i.e. representing the number of days for which the fee is applied to your account).
    Ongoing dollar based fees
    If you request for a specific dollar amount to be charged to your account on a monthly basis, that amount will be deducted at the beginning of each month until the fee arrangement ends or is terminated. Pro-rata fee calculations are not applied to fixed dollar fee arrangements. No fee deduction will occur after the arrangement ends or is terminated, except where the arrangement ends on the last day of the month.
    Please note: If eligible, Colonial First State will claim any tax credits on your behalf. As a result what is deducted from your account, may be less than the amount quoted here.

  • Option to be paid from
    Nominate the option from which the adviser service fee is to be deducted:

  • Please note: If you have FirstRate Term Deposits or FirstRate Investment Deposits, choosing this option will create early withdrawals. The option from which adviser service fees are deducted will also be used to pay insurance premiums for applicable super accounts. If no investment option or an invalid option is selected, we will deduct from the most conservative option.

  • Consent period
    After the date your consent ends, final fee payment will generally be made in the first week of the following month, unless renewed:
  •   
    Consent end date is the date the fee arrangement will end unless it is renewed or withdrawn earlier.
  • Anniversary Date
     - -
    2 digit day, 2 digit month, 4 digit year
  • Consent end date
     - -
    2 digit day, 2 digit month, 4 digit year

  • • The anniversary date cannot be more than 12 months from the date the form is signed.
    • All new ongoing fee arrangements must specify an anniversary date, being the date that triggers the consent renewal process for next year.
    • The anniversary date of existing ongoing fee arrangements cannot be changed for requests to amend or renew ongoing fee payments.

  • • The consent end date can be a maximum of 150 days from the anniversary date. Unless an earlier date is specified, a default of 150 days from the anniversary date will apply.
    • Fees will continue to be deducted from your account until we are notified that your consent has been withdrawn or the consent end date is reached.

  • Ongoing adviser service fee
    Continued
     
    Fee estimate
    If % based fee or where the amount is not known, a reasonable estimate of fees to be paid from this account over the next 12 months must be provided:

  • An explanation of the method used to calculate the estimate:

  • Current balance multiplied by fee rate of {percentage}% p.a.

    ${accountCurrent} times {percentage}% = ${dollar} p.a. or approximately ${monthly} per month.

  • Consent to all adviser service fees outlined in this form
  • Member acknowledgement
  • Date
     - -
    2 digit day, 2 digit month, 4 digit year

  • What happens next?

    I’ve given my consent

    Where you have sufficient funds in your account(s) the fees will generally be deducted in the first week of the month.

    For ongoing fees, your adviser will seek your consent to continue paying the fees in a year’s time

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    About withdrawing consent

    If you wish to withdraw your consent to the above fee,you should discuss with your adviser as this may affect the advice and related services they provide to you.

    If you withdraw your consent by notifying your adviser, they are required to contact CFS within 10 business days.

    You can also contact us directly to withdraw your consent or with any other questions on 13 13 36.

    CFS will generally process your request within 3 business days of it being received. Your adviser will remainc onnected to your account unless otherwise specified

  • Declaration

    I/we confirm that:

    • the adviser service fee agreed is in line with a fee arrangement entered into with the adviser and/or their licensee
    • the fees are of a reasonable amount and are only for financial advice and advice services provided to me/us in relation to my/our investment in the fund/s as nominated in the form/s
    • all details in this form/s are true and correct
    • if signed under Power of Attorney (please
      provide to us if not already given), I/we have not received notice of revocation of that power.  
       

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    I/we understand, agree and/or acknowledge:

     

     

     

     

                                            

    • AIL by way of deduction from the superannuation and pension account or Colonial First State Investments Limited (CFSIL) by way of deduction from the investment account nominated on the form/s, and will pay these amounts to the adviser and/or licensee indicated
    • where the rights of my/our adviser and/or their licensee have been assigned or novated to another person or entity, the agreed fees and payments of these fees, may transfer to that person or entity
    • CFSIL and AIL have to complete discretion to decline a request to pay adviser service fees, including in order to comply with its obligations under any applicable law, and
    • in the event that your account balance  is transferred, but the trustee does not  change (for example a Successor Fund Transfer/Intra-Fund Transfer) this adviser service fee may transfer to the new account. 

  • Adviser Use Only

    By providing your (adviser) details, you:

    • have read and understood the requirements outlined in this form
    • agree to be bound by the Licensee Terms, which govern our relationship with you
    • certify that you are appropriately authorised to provide financial services in relation to the accounts outlined in this form.

    Where fees are deducted from a member’s account(s) and are paid to you or your dealer group, you:

    • agree that where services are not provided, Colonial First State reserves the right to clawback fees, including an amount for member compensation where applicable
    • confirm that the fee arrangements are consistent with the information in any applicable opt-in renewal notice or fee disclosure statement given to the member
    • confirm that where any adviser service fees are paid from a member’s Colonial First State superannuation or pension account(s) to you, these fees are: 
      • agreed with the member in line with a fee arrangement they’ve entered into
      • only for financial product advice and advice services provided to the member
      • only for financial product advice in relation to the member’s  superannuation or pension account(s) that the fee is deducted from
      • are an appropriate and reasonable amount for the services provided
        acknowledge that it may be an offence including an illegal early release of super if the above confirmation is not true and correct.
         

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    You acknowledge that:

    • to your knowledge, no part of the adviser service fee has been calculated on or by reference to any money borrowed, used or to be used, by the member to invest in this product or any other financial product
    • the Product Issuer has complete discretion to decline a request to pay adviser service fees, including in order to comply with its obligations under any applicable law
    • on or around 30 May 2022, Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) will replace CFSIL as the trustee of the super and pension products. Where consent is given to CSFIL to deduct an ASF from a super or pension product, the consent will be deemed as being given to AIL from the date of transfer of the trusteeship of product.
       
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