Commission rebates - Aussie Stock Forums

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  1. #1

    Join Date
    Oct 2008
    Northern Rivers

    Default Commission rebates

    Anyone used these guys ?


    Good / Bad / Indifferent about them ?

    Thoughts ?

  2. #2

    Default Re: Commision Rebates

    Trevor, I read about these people at the weekend. Apparently quite a genuine service. The examples I read had to do with managed funds where - despite a client having only seen an adviser once - that adviser was still raking in the trailing commission many years later. We all know this is what happens but to date there hasn't seemed to be anything a client can do about it unless the adviser offers to remit the commission to the client.

    There were examples of clients receiving several hundreds of dollars.

    If I remember correctly, the organisation did it on about a 60/40 split in the client's favour.

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