News
Cost of investment management factors
A new publication is available. It provides tables of factors which may be used to approximate the uplift required on a particular lump sum to meet investment management costs over various periods of fund management.
The factors have been derived in accordance with our interpretation of Rottenbury by his tutor Wren v Rottenbury [2007] NSWSC 215 (13 March 2007) and Willett v Futcher [2005] HCA 47 (7 September 2005), as detailed in the publication.
Expenses have been calculated for 3 fund managers
- Office of the Protective Commissioner (NSW)
- iPAC Securities (NSW)
- State Trustees (Victoria)
Expenses have also been calculated for a stepped commission structure which is intended to be indicative of a typical commercial fund manager.
The publication is available in our Publications – Legal section of our site, or download the publication directly.