Hi Triu,

Tricom is a mid-size brokerage firm in Sydney, I've got a mate who works in the equities area. Whether this means their managed funds are any good, who knows...

A planner should be charging you on what you specifically want, personally I don't believe that they should be bundling you into a membership but for $10k a year it would be making them very rich. After 10 years you would have paid $100k!!!

Check out the FPA Good Advice guide (Welcome to the FPA) which suggests a financial planner may charge an ongoing trail of between 0.6% and 1.0% per annum.

Also this takes away from the quality and personalisation of your whole plan, usually trails are up to 1% which means to make it cost effective I'd want between $1m and $2m in net assets to feel that I'm not getting ripped off.

Cheers,

Dan