8. Commission, Remuneration and other Benefits received by FinClear
FinClear is remunerated by the fees it charges the Broker for the services it provides to them. FinClear is also remunerated by the fees that it may charge clients, as described above.
FinClear may also earn and retain interest on moneys held for clients in our trust accounts.
FinClear may also receive commissions, trailing commission or other benefits from other entities. As a guide, FinClear may receive the following:
Entity |
Commision / Benefits |
Margin Lenders |
Ongoing commission can range from 0.25% per annum to 0.75% per annum of the margin lending facility |
Cash Management Account Providers |
Ongoing commissions can range from 0.15% pa to 0.65% per annum on balance invested |