How to get value from your Financial Planner



Wise financial management means focussing on net returns after-tax and fees. The best structure to optimise your overall outcomes depends on your individual circumstances. Here are some considerations:

Why are fixed fees better for larger portfolios?

Depending on the size of your portfolio, there may be a significant difference between fees calculated on a percentage of portfolio size, rather than on a fixed flat fee.

Independent research shows that average fees range from 0.75% to 0.92%, where the latter is the average fee charged by firms who charge fees as a percentage of portfolio size. This research also shows that 80% of firms charge fees of 0.7% p.a. or more.*


Comparatively, Strategy First’s fixed fees represent only 0.3-0.5% p.a. for portfolios over $5 million, if represented as a percentage. In a low return environment, this relatively small percentage difference in fees can have a significant impact on returns.


Virtual CFO

Paying a fixed fee means we are employed as your virtual CFO – we are employed to help you align your financial decisions to your desired objectives, encompassing a broad spectrum of advice, rather than just portfolio management. This fee means you employ a team to minimise the burden in managing your financial affairs whilst ensuring you retain control and oversight. This fee structure means our advice is not influenced by recommendations that maximise the asset base upon which we could otherwise charge a percentage fee.


Why does Integrated Financial Management cost less in the long-run?

The way that your wealth is structured affects your overall tax position so it is essential that your Financial Advisor collaborates closely with your Accountant firstly, to set-up your affairs in the most tax-optimised structures and secondly, to maximise after-tax outcomes each financial year as regulations change.


While it might cost slightly more in planning, the benefit is that you can leverage tax incentives and reduce obligations where appropriate. Most often, the tax savings outweigh the cost of planning and collaboration.

Systemised Collaboration

Strategy First produces a Dashboard for the Accountants of our clients for annual review of your position. This makes it easy for both specialists to have oversight on what the other party is doing and to be proactive in strategy suggestions.


Some clients find that their Accountant works in a more “reactive” way in their reporting role, while their Financial Planner is more “proactive” in being on the front foot for strategising for better outcomes. At Strategy First, we understand and value the expertise of both specialists. As Financial Advisors, we drive a plan to give you the best chance of achieving your goals, and we leverage the knowledge of your Accountant to help get you there.