MB Fund level hits key benchmark

We are closing in on two years of running client money for the MB fund and we have hit a number of funds under management targets at Praemium which unlocks lower administration costs. We are passing all of the cost savings on to investors.

Some of the added benefits:

  • Lower administration cost. Platform administration costs down by as much as 0.11% per annum (savings vary by product and investment size). Plus we now have family account aggregation that will further reduce admin fees.
  • Higher interest on uninvested cash.
  • Lower Trade Costs. For non-super clients trade costs down 50-70% (superannuation clients already have this benefit).
  • Improved end of year reporting and client portal giving more transparency
  • Easier for you to buy or sell. In our start-up phase, we traded less frequently for new clients in order to group our trades and lower trade costs. We now have enough size and low enough trading fees to trade any day you want.

Thanks for your support

If you have registered before want to see the effects of the change click here. For new investors either use the links below, give us a call on 1300 623 863, or book a call with a financial planner to discuss your options.

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Damien Klassen is Head of Investments at the Macrobusiness Fund, which is powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Integrity Private Wealth Pty Ltd, AFSL 436298.

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Damien Klassen

Damien has a wealth of experience across international equities (Schroders), asset allocation (Wilson HTM) and he helped create one of Australia’s largest independent research firms, Aegis Equities. He lectured for over a decade at the Securities Institute, Finsia and Kaplan and spent many of those years as the external Chair for the subject of Industrial Equity Analysis.
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Comments

      • Thanks, good to hear it’s still underway. Still a while away from the 16 month deadline of having to make a top up contribution to my low balance account to stop it being cancelled.

      • C.M.BurnsMEMBER

        please keep us informed (and speed up the process). I’m keen to move my super across but mrs Monty wont consider it without insurance in place.

      • Damien KlassenMEMBER

        Yes you can get Life insurance independently if you have an SMSF. The requests above are for insurance within retail superannuation. We are working on an offering but we want to make sure that it ticks all the boxes and is low enough cost. Post Royal Commission anything we want to do on the compliance front is running at 1/4 pace at the moment unfortunately…

  1. Good to hear. The Linear portal had good functionality but quality control and responsiveness to defect reports was poor.

  2. What’s the latest performance been like?

    You guys appear to have forgotten to update the sidebar for a couple of months…