Quote:
Originally Posted by Sim
Have a very close look at the fees - even if you do get in to wholesale funds, the fees with wrap accounts can still be far higher than if you were to just invest directly in some ETFs or passive index funds - you have to be sure the benefits justify the costs.
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this is true.. but most funds have minimums, and he may not be able to afford the min entry points.. going through netwealth, he can get into a selection of funds under one umbrella.
If he invests $5000, then the fee is about $45 for the year... to use the wrap account.. some of that will be offset by the savings by entering the wholesale fund version rather than the retail.
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