Reporting group
You can generate reports across different products within the group.
An account can be in multiple reporting groups.
For more information on how group performance reporting works, see Understanding performance reporting.
For more information on how to generate group reporting via Report Builder, see Using Report Builder.
Fee group
When grouping accounts for fees, these accounts will be automatically grouped for administration fees and advice fees (if applicable)
Administration fees:
- Fee aggregation benefit (Consolidator II – Elevate accounts only): You can group up to eight Super and Pension Consolidator II and/or Investment Consolidator II accounts of your client’s relevant family members for fee aggregation. Tiered administration fees will be calculated on the total applicable balance of the grouped accounts. The account-keeping fees apply to each account held by your client.
- Fee aggregation benefit (Macquarie Vision accounts only): You can group up to eight Macquarie Super and Pension and/or Macquarie Investment accounts of your client’s relevant family members for fee aggregation. Tiered administration fees will be calculated on the total applicable balance of the grouped accounts. Note: Macquarie Trading accounts cannot be grouped with Macquarie Investment and/or Macquarie Super/Pension accounts for fee purposes. In order to group Macquarie Trading accounts together, they must be linked to a Vision Cash account.
- Relationship discount (closed Consolidator): You can group your client’s relevant family members in Investment Consolidator or Super and Pension Consolidator portfolios, for a 10% discount to be applied to each tier of the administration fees for each portfolio. The minimum monthly fee will be applicable on each portfolio.
- Read more about fee aggregation and relationship discounts.
Advice fees:
- Macquarie Wrap accounts only: Advice fees can be submitted per account using the Advice Fee Form. In the Advice Fee Form, you can choose for your adviser service fee/s to calculate on fee group balance or individual account balance.
- Macquarie Vision accounts only: Advice fees for Vision groups can be applied and updated using the Macquarie Vision Fee grouping form. When applying advice fees that calculate on group balance to Vision groups, all accounts within the group must have the same advice fee structure. If you would like to group Vision accounts for administration fees only, please use the Macquarie Vision grouping form to create the group and the Advice Fee Form to apply your adviser service fee/s to each individual account in the group.
- Tiered adviser fees loaded to the group are first calculated on the total Funds Under Administration (FUA) balance of the FUA of all accounts and then pro rated to each account in the account group based on the proportion of FUA held in each account. Flat adviser fees for grouped accounts will be pro rated by FUA across the accounts in the same account type. For Macquarie Vision accounts grouped for fees containing non super accounts, you can also elect the % split of fees to be charged per account instead of being pro rated.
