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Am I charged for multiple portfolios?

Fees for multiple portfolios?

Daisy Causer avatar
Written by Daisy Causer
Updated over a week ago

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No, you're charged the one management fee.

  • You can hold more than one investment model in the same account.

  • You can hold one diversified portfolio and/or multiple single asset class portfolios.

If the portfolio model is part of our capped fee range, the one management fee will apply to your account as a whole.

Fees matter and have a significant impact on your net investment returns. We have a simplified fee structure of 0.55% p.a. capped at $550 per year no matter how much you invest.*

For example, if you hold the InvestSMART Balanced Portfolio and the InvestSMART International Portfolio, you will only pay a maximum of $550 p.a. on your portfolio and not $550 p.a. per model.

Account balance tiers

Investment management fees p.a.

$0 to $100,000


More than $100,000


However, if you have two separate PMA's - for example, one for your SMSF and one in your own name or if you wish to hold multiple diversified portfolios, you will be charged two separate management fees.

* InvestSMART's capped Management Fee (capped at $550 p.a.) does not include fees charged within any ETF held in this portfolio, estimated to be approximately 0.18% (indirect cost ratio). Brokerage costs are not included in this calculation. For more information about fees and costs, please see the Product Disclosure Statement and Investment Menu.

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