A Fee Disclosure Statement is a document that must be provided to retail clients of Australian financial services (AFS) licensees and authorised representatives of AFS licensees on an annual basis where the licensee or the authorised representative have entered into an ongoing fee arrangement with a retail client.
This is an obligation that must be adhered to for both existing and new clients who have agreed on an ongoing fee service arrangement.
An FDS must contain information from the previous 12-month period that –
If you are unsure of how to prepare an FDS there are services available to help your meet your obligations.
If you would like further help please contact us and we can help you meet your Fee Disclosure Statement requirements.
If you are looking for further information from the financial services industry on Fee Disclosure Statements please contact us at firstname.lastname@example.org