Dover charges each adviser just $17,500 per year, plus GST. The annual fee is paid in 12 easy monthly instalments, on electronic transfer, making payment as easy as possible. The annual fee includes professional indemnity insurance.
For firms with two or more advisers, each additional adviser pays a discounted rate of $8,750 plus GST per annum paid monthly and enjoys the full features of Dover’s offer. Contact one of our adviser managers to find out more.
Reps receive all commission
Dover does not charge marketing subsidies, commissions or any other costs. Dover representatives keeps 100% of all commissions: these are collected in the Dover commission account and remitted to advisers fortnightly, using the Revex commission tracking system.
Dover does not receive any other benefits from any financial institutions. Dover has no relationships with financial institutions or other institutions that may influence its relationship with its advisers.
From 1 May 2015 all Dover advisers and new advisers are enjoying a permanent twelve month interest free payment holiday. The May 2015 tax invoice is not payable until May 2016, the June 2015 tax invoice is not payable until June 2016, and so on in perpetuity. This allows all advisers to use their working capital to grow their businesses. The monthly fee notes are incurred, so they are still deductible for tax purposes even though they will not be paid until a later tax year. Advisers on the GST accruals method can claim a GST credit even though the invoice is not paid (but we recommend you check with your tax adviser).
This 12 month interest free period is another way Dover helps its advisers create great financial planning practices.
12 months interest free payment terms is a feature of Dover’s fee structures. It’s just another way Dover encourages its advisers to develop profitable and valuable practices.