Admin fee aggregation

Fee aggregation is a feature of Macquarie Consolidator II – Elevate accounts. It enables grouped accounts to be treated as one for funds under administration (FUA) purposes. This means that eligible accounts can reach the lower administration fee tiers faster. 

Clients with Macquarie Consolidator II – Elevate investment menu option accounts can benefit from fee aggregation when grouped. Fee aggregation allows these grouped Macquarie Consolidator II accounts to be treated as one for FUA purposes. If you want to group for fee aggregation and reporting purposes, you can do this in Adviser Online. 

Grouped Macquarie Consolidator II – Engage investment menu option accounts don’t receive discounted fees when grouped.

Relationship discount

The relationship discount is a feature of the closed Consolidator product (this does not apply to Series II). It allows grouped Consolidator accounts to benefit from a 10% discount on the administration fee of each individual account.

If two or more existing Consolidator accounts are grouped, a 10% discount is applied to each tier of the administration fees for each Consolidator account (Relationship Discount). Where accounts are grouped, the minimum monthly fee will still be applicable on each account.

Please note if you want to group for fee and reporting purposes, you can do this in Adviser Online.

Learn more about Consolidator II fees and view the PDS here.

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