I want to leave ANZ, but when I investigated CMC stockbroking it has this:
CMC Markets Stockbroking will charge an Adviser Service Fee (ASF) of 1% per annum however there are no fees charged by BankWest for this account. Interest rates shown are net of the 1% p.a. ASF.
I rang up to ask about how they calculate this but I didn't get a clear answer. Is it significant? Is it just that you get less actual interest on uninvested funds or is it more? I would appreciate info from CMC users.