XavaX can also help you to save money on your Super, Pension, Managed Funds, Margin Lending and Cash Management Accounts
Via XavaX you can invest in managed funds, superannuation funds or allocated pensions offered by many of Australia's leading fund managers and have 100% of your entry fees rebated.
But do you want to get commission on your own Cash Management Account (CMT), Superannuation Funds, Pensions and Managed Funds instead of you accountant, financial planner or other agents?
XavaX can help and you will get your trail commissions paid to you every year through the life of your investments.
As you may know - all financial professionals are paid for recommending and placing specific financial product. There are two major types of commission upfront and ongoing. Upfront commissions also called Placement may vary from 0.25% up to excess of 5.00%. It is always important to carefully read Product Discloser Statement for detailed information.
In addition to placement commissions (Upfront) there are also ongoing commissions that represent a percentage from investment funds and is usually paid during life of the investment (Trail). Most trails are between 0.25% to 0.75% p.a. from funds invested. In plain English – once you invest your funds via financial professional (eg your accountant, financial planner, financial adviser, stockbroker, even discount brokers like E*Trade, ComSec, Westpac, HSBC, National Online, Sanford etc) – they will receive trail commissions. Even if you don’t want them to receive such commissions, the best you can do is to remove these professionals or organizations from being your agents. You will still not receive trail – banks or fund managers will retain commissions themselves. Unfortunately you will never receive it.
We can help you - Xavax will rebate you with 50% (half) of the trail commissions and retain other half as administration fee.
Let’s consider the following examples:
A) Irene has CMT valued $50,000.00 with Macquarie bank.
Her CMT generates $125.00. This amount is paid to Irene’s financial adviser every year through the life of CMT. If she stays with it for 10 years, her financial adviser will get $1250.00 (plus GST). If she chooses to bring CMT over to Xavax, she’ll get 50% (half) of this money rebated to her.
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Trail for the year
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$125.00
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XavaX administration fee
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$62.50
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Rebate to Irene
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$62.50
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B) Peter has CMT valued $1,000,000.00 with Macquarie bank.
His CMT generates $2500.00. If Peter says with CMT for 10 years, his adviser will get $25,000.00. Should Peter decide to switch his CMT to XavaX, the following will happen
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Trail for the year
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$2,500.00
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XavaX administration fee
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$1,250.00
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Rebate to Peter |
$1,250.00
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In case all above make sense to you and you would like to make more money for yourself and not for your current adviser, what you’ll be asked to do is:
- Sign the form nominating Xavax as your Financial adviser for any type of financial products, including Superannuation, except insurance
- To comply with ASIC regulation and the Financial Services Reform Act we would like to draw your attention to the fact that all above examples refer to the existing CMT investments and in all cases you will have to sign No Advice Given – Authority to Proceed Form. By signing the form you’ll acknowledge that Xavax provided you with NO advice, NO guarantee of whatever investment you have chosen and NO financial recommendation.
- Download the form and sign it, forward the form to your current financial professional (alternatively you can forward the signed form to us and we’ll arrange CMT transfer for you).
The following is the list of the letters to funds:
Once you complete and sign the above forms and letters please forward same to:
Xavax Pty Ltd
PO Box A2202
Sydney South NSW 1235
The rest is very simple, indeed. At the end of the financial year trailing commissions will be forwarded to you less our fee, as above.
