ASB Portfolio Series offers:

• A tailored portfolio product and associated services that recognise the significant amount you are investing.
• A way to save time on analysis and minimise the risk associated with personal stock selection.
• Access to New Zealand bonds and Australasian shares selected by our investment experts.
• Access to a wide range of international shares, which would be difficult to replicate through direct investment.
• A diversified portfolio of global property investments.
• A well-priced transparent investment solution with consolidated reporting and regular servicing.

A portfolio designed for you

After establishing an in-depth understanding of your financial goals, timeframes and attitude to investment risks, your ASB Wealth Manager will present a recommended personal investment portfolio for your consideration.

More information is available in this ASB Portfolio Series brochure.

View the ASB Portfolio Series Agreement and Application Form.

ASB Portfolio Series is designed to be cost effective and easy to understand. All fees are fully disclosed and explained in your personal investment plan.

As a valued customer, we do not believe that we need to charge you a fee for advice, research or for the preparation of your investment plan. However, there is a joining fee, discounted brokerage and an ongoing annual fee.

Due to the large amounts invested though ASB Portfolio Series you will also have access to wholesale pricing, the benefits of which we pass directly back to you the investor, improving your overall return.

Joining fee

• This is a one-off initial payment to share in the benefits of the ASB Portfolio Series.
• This implementation fee includes the cost of setting up your investment portfolio on the Aegis platform.
• The joining fee is calculated on the total of the funds invested.

Brokerage

• This is charged to cover the cost of purchasing any shares required for your portfolio.
• We have negotiated discounted brokerage rates with ASB Securities.
• The brokerage costs are incurred at the time of purchase and also in the case of partial and full withdrawals.
• Brokerage costs are deducted before the proceeds are paid to you.

Annual fee

• This annual fee is calculated daily as a percentage of the value of your funds under management, and is deducted monthly.
• It covers the ongoing costs of ensuring your ASB portfolio is professionally administered and managed.
• The percentage for each portfolio in the series represents the total gross ongoing investment management and service fee per annum (excluding GST).
• The service fee attracts GST and this is payable by you.

Tax deductibility of fees

In general, fees are deductible to investors when the investments held are generating taxable income. However, given that each individuals investor tax profile is different, we recommend that clients seek their own independent advice regarding the tax deductibility of fees.