Intervest fees Schedule from June 2010

Please note that the Fees Schedule for Retirement Fund investments differs slightly from that of Non-Retirement fund investments.

Broker Commission

Option One:

  • The Intermediary may charge a maximum fee of 3% per portfolio excluding VAT to clients for the initial fee of new clients investing with EFS Investment Solutions. If an amount of over 1.5% per portfolio is selected, a maximum ongoing commission of 0.5% per portfolio is permitted.

Option Two:

  • The Intermediary may charge an initial fee of less that 1.5% per portfolio, in addition to an annual fee of a maximum of 1% per portfolio per annum


Minimum Balances and Order Amounts

  • Discretionary Portfolios: Monthly debit orders must be a minimum of R500 per fund. The minimum initial lump sum investment is R40 000. (It is not compulsory to have both a debit order and a lump sum investment)
  • Money Market Portfolio: Monthly debit orders must be a minimum of R1 000 per order. The minimum initial lump sum investment is R20 000. (It is not compulsory to have both a debit order and a lump sum investment)
  • Please note that the managed portfolios are changing to fund of funds unit trusts.
Our minimum amounts are prescribed to ensure that fees do not unduly affect investment performance. Please contact us if you would like to invest lesser sums so we can discuss the most cost-effective solutions. Please note: Once the minimum lump sum is invested, any amount larger than R1 000 can be added to the portfolio on a once-off investment basis.
Annual management fees are also charged by the unit trust companies. These vary from fund to fund. View details on each fund fact sheet in Fund Profiles A-Z.

Note: All percentages, minimum and maximum amounts above are quoted excluding VAT.