WHAT IS THE YEARLY CASH BACK SERVICE
Cash Back From New and Existing Financial Products
It's now easy for you to receive yearly Cash Back from your new and existing managed funds, superannuation, pensions, annuities, master trust / wrap accounts, margin loans, CMT's and insurance policies.
- Every year you will receive Cash Back for your share of the trailing fees and commissions your investments are generating - currently this money is being paid to someone else !
- Plus, You will stop paying entry fees and receive 100% entry fee rebate on all further contributions to you investments.
It’s a simple process, is free to use and has no associated penalties to you. The Cash Back service works with all financial products where trailing fees and commissions are paid. These fees and commissions are paid out of your investments regardless of whether you invested directly with the fund manager, via a financial planner or online discount broker.
Why Is YourShare Unique
1. YourShare does not limit you to the Fund Managers you will get Cash Back on.
2. YourShare does not charge you an upfront fee before you receive your Yearly Cash Back.
3. YourShare works with all types of financial products - including managed funds, superannuation, pensions, annuities, master trust / wrap accounts, margin loans, CMT's & insurance policies.
4. YourShare gives back - donates $5 to charity each year for every client using the service.
YourShare are looking at further products where trailing fees and commissions are paid, with the goal of getting as much back for you as possible.
With YourShare As Your Broker
- You will stop paying entry fees and receive 100% entry fee rebate on all further contributions to your investments.
- You will receive Cash Back each year for your share of the ongoing trailing fees and commissions associated with your existing and new financial products.
- You have access to the YourShare suite of investor tools, calculators and fact sheets.
- Receive a free online YourShare account, to help you manage your Financial Products.
- You have access to all new fund prospectus’s available in Australia, through the Find a Fund tool.
- Free insurance quotes, through the YourShare insurance request tool.
- Access to Australia’s best customer service team to assist with any enquiries.
- Automatic enrolment in the YourShare Referral Rewards programme - $50 per referral every year*
- YourShare Guarantee - to be the Best Cash Back service in Australia.
| No costs or penalties |
- Working with YourShare has no associated costs or penalties.
- YourShare do not provide financial advice. There is no change to your existing investments performance, or the management expense ratio (MER) charged by your fund manager to manage your funds.
- YourShare have no control over your investing decisions or your investments, and you do not have to sell and re-buy your funds.
- Everything remains the same - except now you will receive a Cash Back cheque every year.
|
Trailing Commissions
Each year fund managers pay
trailing fees and commissions to advisers and intermediaries based on the value of your financial products. Commonly these payments are made out of the
MER (management expense ratio) you are charged by your fund managers.
Trailing commissions typically range from 0.25% - 1.2% per annum of the total value of your investments. Generally these fees are unavoidable and paid out of your investments regardless of how you originally invested. The industry average trailing commission is 0.5% per annum.
Who the fund managers pay trailing commissions to does not affect the performance of your investments or your control over your investment decisions.
The amount of savings with YourShare depends on; the number of different products your register with YourShare, the value of your investments and the entry fees and trailing commissions paid by your fund managers and financial institutions.
Superannuation or Managed Funds Example of Savings
The table below sets out the total you will save with YourShare, assuming entry fees of 5%, trailing fees and commissions of 0.5% pa, and your funds grow at 7.5% pa.
|
Current
|
Monthly |
Total Cash Back and Savings to YOU |
| Investment |
Contribution |
5 years |
10 years |
15 years |
20 years |
30 years |
| $25,000 |
$100 |
$803 |
$2,048 |
$3,933 |
$6,740 |
$16,931 |
| $50,000 |
$200 |
$1,605 |
$4,097 |
$7,867 |
$13,481 |
$33,861 |
| $100,000 |
$500 |
$3,623 |
$9,292 |
$17,913 |
$30,792 |
$80,592 |
| $500,000 |
$1,000 |
$11,929 |
$31,106 |
$61,693 |
$108,702 |
$284,018 |
| $1,000,000 |
$5,000 |
$39,469 |
$104,294 |
$205,665 |
$359,714 |
$929,132 |
Each year on your membership anniversary YourShare will send you your Yearly Cash Back cheque, and a statement reconciling all amounts received from fund managers on your behalf.
YourShare rebates 100% of all entry fees & initial commissions on all further contributions to your investments.
YourShare charges a percentage of the trailing commissions collected on your behalf for administering the Yearly Cash Back service. The percentage charged depends on the total amount of the trailing commissions collected for you each year. The YourShare charge ranges from 30% to 50% of the trail collected.
The table below sets out how your YourShare yearly cash back payment is calculated:
|
Value of Trail pa
|
% Rebated to you
|
|
First $ 4,000
|
50%
|
|
Balance over $ 4,000
|
70%
|
YourShare are proud to support the Australian Cancer Research Foundation.
Every year for each active member, YourShare donates $5.00 from revenue to charity. 2009's charity is the Australian Cancer Research Foundation.
NEXT STEPS
Simply download the Broker Nomination form, HERE and either fax it to: 1300 553 443, or Post: Reply Paid 394, Sydney, NSW, 2001, and start getting your share today. If you have any questions, or would like to discuss just how much additional cash back YourShare can achieve for you, please contact YourShare online or call us on 1300 554 774.
