The best interests of my clients is at the heart of what I do, so at Ontrak that also means having a fair approach to charging for the services I provide.

Ontrak differs to most financial advisers who will typically charge a percentage based on how much money you invest with them. The more you have invested the higher fees you pay, despite the value or service most likely being provided remaining the same.

I believe the percentage model is flawed. It creates a conflict of interest and can prove to be very expensive over time. This is because over the longer term global investment markets are likely to go up which means that the ongoing cost to you is going up with the likelihood that no additional service is actually being delivered. Percentage charging can seriously erode your wealth and the damaging consequence of this is rarely shown.

With a percentage-based fee model the financial adviser may receive an immediate pay cut in their fee income if money is withdrawn from your investment portfolio. So typical lifestyle events such as making gifts to children, buying property or investing in a business may be met with resistance if funded from an investment portfolio. By charging in this way, the focus is on your money rather than your life.

I don’t think any of that’s very fair!

So how are Ontrak’s fees different?

All my planning and advisory fees are flat. My fee structure is simple to understand, fair and transparent. It will be aligned to the complexity of your situation, the amount of work involved and the expected value you will receive. There are no worrying and wealth damaging percentages. You will have complete clarity about my fees that are clearly documented and easy to compare.

I believe that this removes any potential conflict of interest, and creates a relationship that is 100% with you and not your money. Most importantly, I am confident that the value you will receive will far outweighs my fees.

To find out more, please download our PDF: