The following client testimonials show that aside from saving you on entry fees and receiving a Cash Rebate cheque each year, as YourShare customers, you will also receive great customer service. www.FutureNestEgg.com - 9th September 2008
Imagine though a broker who is your broker only for the purposes of refunding you the money and does not offer any financial advice. That would be nice, wouldn’t it. This imagination has now become a reality. A company called ‘YourShare’ does exactly that........ Robin and Fran - Mt Evelyn - VIC - 11th July 2008
May I thank you for your excellent service which has certainly been a highlight in what was proving to be a very difficult transaction when I was trying to deal directly. I have appreciated your quick and thorough follow up. www.EnoughWealth.com- 7th June 2008
YourShare appears to be a small business with great potential, given the amount of money most investors are paying in trailing fees without getting any benefit from the advisors or brokers who put them into the investment. One of the nice features of YourShare compared to other similar services is that there is no upfront fee required to sign-up, so you have nothing to lose by trying out the service....... Robin - VIC - 5th June 2008 Again, thanks for your prompt follow up, you have done more in one morning than my broker has in the last 15 years......... Money Magazine - Letter of the month - May 2008
After reading your special report on managed funds, i wrote off to the YourShare website and have applied for the rebate on trailing commissions. Then i sent another fax off to my broker after ringing them and learning i was paying a special adviser fee every quarter totalling over $400 a year.
You saved me $1100 today and more than that every year for the life of my fund and any future funds, let alone the compound value of those fees being reinvested. I thought i was reasonably money savvy and we are always on the lookout to make our money come back to us, but this was one i did not see. So thankyou Money. You have paid your way yet again. Judy, Vic Anton - Glen Waverley, VIC - 29th May 2007
I am very pleased with your very clear clarifications which no other fund broker gave me, thats a feather in your cap. So I have decided to appoint you as my fund broker... Geoff - 8 Mile Plains, QLD - 5th September 2007 Hi guys, Thanks for the heads up, I’ll complete the form and fax it down to you. Once again, great service! Warwick - Castle Hill, NSW - 16th September 2007 Thanks for the update and being proactive in chasing the inital commission rebate payment up......Thanks again for your great service. Michael - Kirrawee, NSW - 31st January 2008
Thank you for your efforts. A satisfactory result, and far more than I expected from nominating yourselves as broker for the account. Please thank Hamish when you next communicate. Robin - Mount Evelyn, VIC - 1st November 2007
Thanks for the regular update. If the fund managers were as efficient as you it would all be done !! David - Sydney, NSW - 17th January 2008
Could there be two great innovators called Paul Brady in the financial services game in Sydney ..... Michael - Albany Creek, QLD -5th October 2007
Thanks Paul for your quick reply. Looks like a very good service. Simon - Port Vila - 23rd January 2008
May I take this chance to thank you on behalf of Vanwods members and staff for looking after us. Sharon - Pacific Pines, QLD - 30th January 2008
Thank you very much for your assistance. Anthony - Manly, NSW - 7th February 2008
Thanks again for your help to resolve this issue.......
The below case studies demonstrate how YourShare can help to make more from your existing financial products. The first examples are real YourShare clients, and have been chosen as single product examples to demonstrate how the individual financial products operate. However more commonly clients nominate YourShare over several products, allowing them to earn even greater Yearly Cash Rebates and Savings. The multiple product examples are scenario models.
Click on a case study below to see the YourShare difference. If you would like YourShare to calculate exactly how much better of you will be with YourShare as your broker, please contact us on 1300 554 774 or customer.service@yourshare.com.au. Or try our personal Yearly Cash Back calculator now.
Clients situation: Client A is aged 40, and has $80,000 invested in a superannuation fund. He adds $791 a month to this superannuation. The trail on the superannuation account is 0.54% pa
YourShare actions: YourShare received the clients fund broker nomination form on 29th May 2007. YourShare lodged the broker nomination with the fund manager and reduced the initial commission paid on all regular contributions from 4% to 0%. Meaning an additional $31.65 was added to the clients superannuation account each month.
Results: Assuming conservatively that the client does not increase the monthly superannuation contribution amount and the funds grow at 7.5% pa, and the client retires at age 65. Over the next 25 years the total yearly cash rebates received by the client will be $34,061. The savings in entry fees reinvested into the client’s account yields another $27,765.
Clients situation: Client B has a margin loan for $500,000. The trail on the margin loan is 0.3% pa.
YourShare actions: YourShare received the clients fund broker nomination form on 11th Oct 2007. YourShare worked with the margin loan provider to updated the nominated broker on this account to YourShare.
Results: Assuming conservatively that the client does not increase the amount of the margin loan, and that the client maintains the margin loan.
Each year client B will receive a cheque from YourShare for $750.
Clients situation: Client C is aged 38, and has $265,000 invested in a managed fund. She adds $100 a month to this investment. The trail on this managed fund is 0.44% pa
YourShare actions: YourShare received the clients fund broker nomination form on 9th September 2007.
YourShare lodged the broker nomination with the fund manager and reduced the initial commission paid on all regular contributions from 4% to 0%. Meaning an additional $4 was added to the clients investment account each month.
Results: Assuming conservatively that the client does not increase the monthly contribution amount and the funds grow at 7.5% pa, and the client cashes in their investment funds account at age 65. Over the next 22 years the total yearly cash rebates received by the client will be $35,240.51 The savings in entry fees reinvested into the client’s account yields another $2,675.40.
Clients situation: Client D is aged 58 and retired. Client D1 has $1,256,169 invested in a pension fund. He draw $5,852 a month from these funds. The trail on the pension account is 0.06% pa
YourShare actions: YourShare received the clients fund broker nomination form for the pension account on 14th December 2007. YourShare worked with the pension fund manager to updated the nominated broker on the account to YourShare.
Results: Assuming conservatively that the funds grow at 7.5% pa, and the client continues to draw $5,852 a month from their pension each year to age 80.
Over the next 22 years the total yearly cash rebates received by the client over their pension account will be $144,259.77.
YourShare will rebate $144,260 to this client.
The year 1 cash rebate will be $2,128.91, Year 2 cash rebate $2,157.03, Year 3 cash rebate $2,187.34.
Clients situation: Client E is a married couple - both aged 34. They contacted YourShare to take out the following insurance for each life:
Life cover - $450,000
Trauma cover - $125,000
TPD cover - $350,000
Income Protection
The client named 3 insurance companies they wanted to quote for the insurance cover.
YourShare actions: YourShare received the clients request during November 2007, and worked with the 3 insurance companies and obtained the insurance illustrations requested. The illustrations were sent to the client, who requested 1 amendment. Once the amendment was completed the client selected the insurance provider they wished to take out their insurance policies with. YourShare then sent the client the relevant insurance PDS and application forms.
Results: The premium quoted from the selected insurance provider was quoted as $1,181.76 for life A and $1,232.40 for life B. The insurance premium is stepped and increases with indexation each year.
The commission structure is level at 32% pa
If we assume conservatively that the client keeps these insurance policies active until retirement age 65, without amending the level of cover.
YourShare will rebate in total over the next 10 years $5,678.13
YourShare will rebate in total over the next 31 years $37,772.27
(Actual insurance premium amounts are used for years 1 - 10, years. Premium amounts for years 11-31 are conservatively estimated at growing 5%pa)
Multiple Product Examples Superannuation and Managed Fund case study
Clients situation: Client F is aged 24.
Superannuation: Client F has $18,000 invested in a superannuation fund, which he adds $500 a month to. This fund has upfront commissions of 5%, and a trail of 0.4% pa.
Managed fund: Client F has $5,000 invested in managed funds - via a Wrap account. The client currently adds $250 a month to this account. This fund has upfront commissions of 4%, and a trail of 0.5%pa.
Actions: The initial commissions paid on all regular contributions into the superannuation and managed fund accounts were reduced to nil. (reduced the entry fee in the superannuation account from 5% to nil, and reduced the entry fee in the managed fund account from 4% to nil)
Meaning an additional $25.00 was added to the clients superannuation account each month, and an additional $10 was added to the clients managed funds account each month.
Results: Over the next 41 years;
The savings in entry fees reinvested into the client’s superannuation account yields $81,774.76.
The savings in entry fees reinvested into the client’s managed fund account yields $32,709.91.
The total yearly cash rebates received by the client over their managed funds and superannuation will be $84,906.55.
YourShare will save this client $199,391.22
Note: These workings assume the client stops using the YourShare services at retirement age 65. This is unrealistic as the client can continue to use the YourShare Yearly Cash rebate service following retirement for all investment products including pensions and annuities.
back to top Superannuation, Managed Fund, Margin loan and Insurance case study
Clients situation: Client G is aged 35
Superannuation: G has $57,000 invested in a superannuation fund, and adds $800 a month to this account. The entry fees are 5% and trailing fees and commissions are 0.6%pa
Insurance: G has Life cover of $450,000, Trauma cover of $125,000 and TPD cover of $350,000.
The premium is stepped and increases each year, the commission structure is level at 32% pa, and the premium is $1,181.76 for this insurance.
Managed fund: G has $145,000 invested in managed funds - via a Wrap account. $100,000 of this is via a margin loan. The entry fees are 4% and trailing fees and commissions are 0.44%pa
Margin loan: G has a margin loan for $100,000, and the loan has a trail of 0.5%pa
Actions: The initial entry fee paid by the client was reduced to nil on the superannuation and managed fund accounts saving the client $56 each month. (reduced the entry fee in the superannuation account from 5% to nil, and reduced the entry fee in the managed fund account from 4% to nil.
Results: Assuming conservatively that the client does not increase their monthly contribution amounts or update their insurance cover or margin loan amounts, and that the client cashes these funds in at age 65.
Over the next 30 years:
The savings in entry fees reinvested into the client’s superannuation account yields $53,897.82.
The savings in entry fees reinvested into the client’s managed fund account yields $21,559.13.
The total yearly cash rebates received by the client over their margin loan, managed funds, superannuation and insurance will be $184,213.72.
YourShare will save this client $259,670.67
PS. These workings assume the client stops using the YourShare services at retirement age 65. This is unrealistic as the client can continue to use the YourShare account following retirement with insurances, investments, pension and annuities.
back to top Pension, Managed Fund and Insurance case study
Clients situation: Client H is a husband and wife aged 56 and 59 respectively.
Pension: H have $557,000 invested in 2 pension funds. They draw $45,000 from these funds each year.
The trail on the pension account is 0.55% pa
Insurance: Clients H have $800,000 Life cover each. The premiums are stepped and increases each year, the commission structure is level at 33% pa, and the current premiums are $3,051.16 and $2,939.92.
Managed fund: H has $327,000 invested in managed funds - via a Wrap account. The client currently adds $300 a month to this account. The account has entry fees of 5% and a trail of 0.60%pa.
Actions: The initial commission paid on all regular contributions was reduced from 5% to 0%. Meaning an additional $15.00 was added to the clients managed fund account each month.
Results: Assuming conservatively that; all funds grow at 7.5% pa, and the client cashes these funds in at age 80, that the pension draw amount remains at $45,000pa, and that the client keeps their insurance policy active until husbands age 70, without amending the level of cover.
Over the next 24 years;
The savings in entry fees reinvested into the client’s managed fund account yields $12,038.05.
The total yearly cash rebates received by the client over their pension, managed funds and insurance will be $153,460.12
YourShare will save this client $165,498.17
(Actual insurance premium amounts are used for year 1. Premium amounts for years 2-11 are conservatively estated at growing 5%pa)
