YourShare Blog

How to reclaim trail commisions

An article published by financialfuturist.com sets out some basic rules to help you get back as much of your trailing commissions as possible;

"Do you have investments, superannuation accounts and/or insurance policies sitting around? If you’ve had them for years then it’s quite possible that some company somewhere is receiving an ongoing (trail) commission from that product, and you possibly don’t know who they are.      

If you’ve had no contact from them then they are just receiving the commission rather than earning it. Would you like to reclaim that money and put it towards your own wealth creation?"

The article is a great starting point in understanding the levels of fees and commissions you may be paying right now.

http://financialfuturist.com/2007/09/how-to-reclaim-trail-commissions

Trim Commissions

YourShare have been mentioned in The Age under an article by Annette Sampson titled Trim Commissions.

It seems many people out there who either do their own investing or are dissatisfied with the level of service they receive are turning to YourShare to;

• pay nil entry fee's on new investments and the regular contributions to their existing investments, &
• receive their fair share of the Trailing fees and commissions their existing investments are already generating, through the YourShare Yearly Cash Rebate service

Below is an extract from the article.

"Your Share takes rebates a bit further. It gives a 50 or 70 per cent rebate of all trail commissions it receives on managed funds, wraps accounts and master trusts, insurance policies and margin loans. The 50 per cent rebate applies on the first $4000 of any trail received and 70 per cent on any amount above this. Your Share's founder, accountant Paul Brady, says the company will rebate trails from any fund manager and sends out a cheque each year on the anniversary of your membership. He says he and his wife, Juliet, formed the company after she realised she was paying commissions each year on an old super policy to an adviser that she had never heard of. The service is targeted at investors who make their own decisions or no longer use the adviser who originally placed them into a product.

Can I use these services for existing investments? Yes. You simply need to fill out a form nominating the discounter as your broker and the fund will redirect trail commissions to them. If you buy new investments through the discounter, they should automatically be registered. The transfer doesn't affect your ownership of the funds."

See the full article at http://www.theage.com.au/news/investment/trim-commissions/2007/09/25/1190486279446.html