Management agreement and fees

Can you explain how your management agreement works?

Essentially Harper Bernays Limited is contracted to manage your investment portfolio on a discretionary basis. Unless you have any specific requirements (such as instructing us not to invest in a particular stock or sector) we will make investment decisions on your behalf as we see fit. The agreement with us can be cancelled with sixty (60) days written notice and, as all your investments are registered in your name, there is no need to liquidate the assets to withdraw them. In addition, we are bound by our agreement not to disclose your affairs to any other party (unless otherwise required by law).

Can you explain how you charge for your service?

Our management fee is paid directly from your investment portfolio and in most cases this fee is tax deductible. Fees are clearly disclosed in your Monthly Reports provided by the Custodian. The fee is calculated based on the market value of the portfolio at the end of each month. There are no establishment fees or exit fees and the monthly management fee is inclusive of all custodial charges and GST.

Do you offer a choice of fee structures?

You have the option of nominating the fee structure that best suits your requirements. We offer two different fee options: a Standard Fee or a Performance Fee. Minimum monthly fees apply to both options. All fees are payable on a portfolio basis and not a client basis (where clients have more than one portfolio) as, unavoidably, so many of our external and internal costs are incurred on a portfolio basis.

Standard Fee Option

Performance Fee Option