Dumont has packages to suit all your advice needs
We have used meticulous methodology to design fairly priced advice packages that cater to a variety of needs. On this page you will find the breakdown of costs, the explanation behind how these costs are calculated and derived, as well as the services pricing guide that you can download for free.
In line with our mission of delivering transparent and quality advice, our pricing model charges based on the time required and value provided, so you always pay a transparent and fair value.
Say goodbye to ambiguous pricing based on unknown factors, and say hello to a new way of financial advice in Australia.
We have used meticulous methodology to design fairly priced advice packages that cater to a variety of needs.
On this page you will find the breakdown of costs, the explanation behind how these costs are calculated and derived, as well as the services pricing guide that you can download for free. You will also find a frequently asked questions section that can answer the most common questions.
In line with our mission of delivering transparent and quality advice, our pricing model charges based on the time required and value provided, so you always pay a transparent and fair value.
Say goodbye to ambiguous pricing based on unknown factors, and say hello to a new way of financial advice in Australia.
We have carefully developed our advice pricing and packages to deliver market leading fair and transparent advice to Australians.
To help you better understand what each component of the advice package costs means, we have broken them down specifically below to give you a full understanding.
Typically costs are segmented into three parts (excluding insurance commissions): Advice, Implementation and management.
Advice costs are a comprised of different variable components including your strategy (intellectual property), time for the legal and product research, time for any cost comparisons, meetings, and the creation of your Statement of Advice legal document.
There is a significant amount of time, resources and work involved to produce financial advice in Australia.
Working with Dumont, we charge a flat dollar advice fee based on the solutions we can provide you. This means that you always know exactly what you are paying and what you are getting.
Advice costs are typically payable upon the presentation of your advice and can be charged through invoice or deducted from relevant products/platforms under advice. This cost is a once-off cost to review your entire circumstances and to create, research and deliver a advice tailored strategy.
However, should your circumstances significantly change where you require all new advice in the future, such as receiving a large inheritance or reaching retirement, this would require new strategies that would result in an additional advice cost at that point in time.
Implementation costs are required to cover the time, risk and complexity of strategy implementation. They are typically payable during, or upon the completion, of your advice implementation.
For example, if you are setting up a new investment account, once the platform has been arranged and the investments made, your implementation fee would be deducted.
We have a standard 0.44% implementation fee that applies to any new funds under management, contributed or invested.
It is common in Australia to see implementation fees ranging between 0.5% and 2% depending on the firm, complexity of advice or time involved.
Implementation is also a once-off cost (unless new advice is required), and is typically deducted from the source where funds under management are held.
An important function of financial advice is ensuring that you adapt and change strategies as circumstances change.
Investment management can have a significant impact on long-term results and keeping you aligned within your tolerances to risk, investment preferences and on track for your goals.
Dumont provides ongoing management services and meets at least annually with every client under agreement. Dumont also provides year-round support and access to any/all resources to our clients where possible.
Planners remain accessible for clients to ensure their needs are met and our ongoing management minimum cost is affordable when compared to the broader Australian market.
Dumont can offer affordable packages due to investments in system and process efficiencies.
Management costs are typically a percentage based fee to manage your investment, with the exception of a minimum cost.
To help you better understand what each component of the advice package costs means, we have developed the tool below.
Advice costs are a comprised of different variable components including your strategy (intellectual property), time for the legal and product research, time for any cost comparisons, meetings, and the creation of your Statement of Advice legal document. There is a significant amount of time, resources and work involved to produce financial advice in Australia. Working with Dumont, we charge a flat dollar advice fee based on the solutions we can provide you. This means that you always know exactly what you are paying and what you are getting. Advice costs are typically payable upon the presentation of your advice and can be charged through invoice or deducted from relevant products/platforms under advice. This cost is a once-off cost to review your entire circumstances and to create, research and deliver a advice tailored strategy. However, should your circumstances significantly change where you require all new advice in the future, such as receiving a large inheritance or reaching retirement, this would require new strategies that would result in an additional advice cost at that point in time.
Implementation costs are required to cover the time, risk and complexity of strategy implementation. They are typically payable during, or upon the completion, of your advice implementation. For example, if you are setting up a new investment account, once the platform has been arranged and the investments made, your implementation fee would be deducted. We have a standard 0.44% implementation fee that applies to any new funds under management, contributed or invested. It is common in Australia to see implementation fees ranging between 0.5% and 2% depending on the firm, complexity of advice or time involved. Implementation is also a once-off cost (unless new advice is required), and is typically deducted from the source where funds under management are held.
An important function of financial advice is ensuring that you adapt and change strategies as circumstances change. Investment management can have a significant impact on long-term results and keeping you aligned within your tolerances to risk, investment preferences and on track for your goals. Dumont provides ongoing management services and meets at least annually with every client under agreement. We also provide year-round support and access to any/all resources to our clients where possible. Planners remain accessible for clients to ensure their needs are met and our ongoing management minimum cost is affordable when compared to the broader Australian market. Dumont can offer affordable packages due to investments in system and process efficiencies. Management costs are typically a percentage based fee to manage your investment, with the exception of a minimum cost.
We have carefully developed our advice pricing and packages to deliver market leading fair and transparent advice to Australians.
To maintain complete transparency with all stakeholders, we have provided answers to the most commonly asked questions. Should you have a question of your own, please do not hesitate to reach out. If we feel it would benefit the public, we may include our response as an additional section below.
Our unique packages model allows us to charge accurately for the work and value delivered. With Dumont you are not quoted some arbitrary number, instead every client is fairly and transparently paying the same according to the strategies. Packages are selected based on your needs and the corresponding strategy code. For example, if you are looking at retirement and setting up a pension, you will be able to locate that on our tables.
Advice strategy costs are payable once your advice has been presented. We feel this is fair given the work has been completed at that time. Implementation costs are also charged at presentation or upon the implementation of your advice once the work is completed, whichever is more practical. Ongoing management costs are deducted monthly as part of the management of assets. However, should the minimum cost apply to you, this is typically charged as a lump sum once a year for simplicity.
There is no direct answer given advice is bespoke to every client and their strategies. Moreover, advice costs are either invoiced or deducted from the platforms like superannuation accounts, and this can result in different treatments. We suggest you consult with your personal tax accountant to discuss the cost deductibility for your given situation.
We have created a unique and proprietary dynamic pricing model that enables us to take into account all the business and labour costs to derive an hourly rate. This rate is then applied to the estimated time for each 'strategy set'. This formula results in an accurate and fair pricing model that we can pass on to the Australian people - the is clear, fair and transparent. Moreover, as we seek to reduce costs and improve efficiency through systems and process, we aim to continue reducing the cost of packages to ensure that every Australian has access to affordable, quality and transparent financial advice. The objective is to review the pricing model at least annually to pass on this benefit to our clients. The percentage based implementation and management can therefore be significantly lower than many other firms to cover risk and time to implement your advice.
Once we deliver your bespoke financial advice we want to ensure that our strategies are helping you move towards goal achievement, whether in accumulation or retirement. We are looking to build long-term relationships with all of our clients. That being said, we encourage you to engage with us for a minimum of 12 months to ensure the structures, investments and strategies are performing. After this period, we will invite you to continue on and it is at your discretion. Making changes and adapting your strategies together over the long-term can have signfiicant benefits, reduce risk in portfolios, improve investment returns through strategic allocation and management, help with the management of cost on affairs, and importantly provide an available resource to you throughout the year the engage and utilise as required. We will help generate any statements, reports or material required to help you, as well as engage with your other professionals such as accountants and mortgage brokers to ensure that your financial wealth is managed properly.
If you would like to discuss your options, we encourage you to simply request a call and we will reach out as soon as possible.
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Learn more about Dumont to understand our business, what we do and why we do it. Alternatively, you can book a call or ask a question and we would be happy to assist you.
We deliver value through quality advice focused on goal achievement and problem solving. You can view all of our relevant services online.
Dumont packages are fixed, clear and available to guarantee complete transparency.
We focus on developing strong and long term relationships with all clients and suppliers.
Simply book a meeting and we will work with you to find a solution for your goals within your budget.
Submit an online form to request a call (here)
A free initial phone consultation to see how we can best help you.
We get to know your circumstances and collect information.
Your financial planner presents strategic options, the benefits and trade-offs.
You will meet to discuss your advice, the benefits, trade-offs and costs.
We will then implement all of the agreed recommendations.
Will was my first experience with a financial advisor and it was so easy and stress free. I trust him completely and had no hesitation in contacting him with any queries I had. I would recommend him to anyone. He is so knowledgeable and has made my transition into retirement an easy one.
Will Helped me with a change of of my life insurance policy I found him to be very helpful and full of advice, he called back constantly to advise and steer me in the right direction I highly recommend his services, knowledge and advice to anybody.
Will has been very easy to work with, very transparent and willing to go the extra mile to ensure your future is taken care of. Highly recommend Will as an adviser.
Will was very professional and easy to understand. He took the time to learn about my situation and offer the most relevant service and path forward.
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Business and Licensee Information: Authorised Representative No. 1272643. Dumont Wealth Pty Ltd. Corporate Authorised Representative No. 1308337. Licensed by Alliance Wealth Pty Ltd, ABN 93 161 647 007, AFSL No. 449221. Financial Services Guide (FSG): www.centrepointalliance.com.au/fsg/aw
General Advice Warning and Disclaimer: This information is general advice. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision. You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication. If you are not the intended recipient, please advise the sender by return e-mail, do not use, copy or disclose the contents, and delete the message and any attachments. The contents of this email may contain information that is confidential and privileged. If you are not the intended recipient or have received this email in error you are not permitted to disclose or use any information contained in it. If you are not the intended recipient or have received this email in error please notify us immediately by reply email or telephone and then delete this email and any attachments. Unauthorised use, copying, distribution or publication of this email and any attachments is prohibited. No warranty is made that this email or attachment(s) are free from computer virus or error free. The contents of this message are the views of the author and do not necessarily reflect the views of Dumont Wealth Pty Ltd or any related entity. To the maximum extent permitted by law, no person including Alliance Wealth Pty Ltd nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. It is based on our understanding of regulations and laws as at the publication date. As these are subject to change you should talk to a professional adviser for the most up-to-date information. By subscribing to our newsletter, you consent to marketing emails and the storage of your data.
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The information contained on this webpage does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Whilst all care has been taken in the preparation of this information (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including Centrepoint Alliance Limited or any member of the Centrepoint Alliance Group of companies and also Dumont Wealth Pty Ltd, Dumont Holdings or any member or related companies accept responsibility for any loss suffered by any person arising from reliance on this information. The information documented on this website page is valid at the date of upload (3 October 2024) and should be reverified by the reader at the time of viewing.