• Are there any fees involved with client custodian services?
  • How does FIIG make money?

Are there any fees involved with client custodian services?

Yes. FIIG charges the following fees:

Custody Service Fee

Up to

0.2% pa


0.14% pa


0.09% pa


0.06% pa

The Custody Service Fee is calculated daily on the value of your account holdings, is charged monthly and is subject to a minimum monthly fee of 

  • $20 if you have chosen to have a Macquarie Bank CMA as your FIIG funding Account; or
  • $30 if you don’t have a Macquarie Bank CMA as your FIIG funding account. 

Dishonour fee

$60 - A dishonour fee of $60 may be charged if insufficient funds are available at the time FIIG seek to charge the Custody and Service fee.

In specie transfer fee

Maximum $300 - An in specie transfer fee may be payable should you transfer existing securities between FIIG and another custodian. This fee will vary according to the complexity of the transfer and will be agreed with you prior to the transfer occurring.  However, the fee will not exceed $300 per series of security transferred.

All the fees described above are inclusive of GST and will be direct debited from your FIIG Funding Account.

How does FIIG make money?

FIIG acts as principal where it matches buyers and sellers in the bond market and earns its income on the difference between the buy and sell price (this is known as the margin).

For FIIG to execute a trade it must make both the buyer and the seller happy with the price of the bonds and the corresponding returns that they will earn. So, it is in FIIG’s interest for the trade to be executed, otherwise we don’t earn any income.

Ask an expert

John Sheridan - Head of Private Clients NSW/ACT Mark Connors - State Manager Darryl Bruce - StateManager - WA        

Phone Call us on 1800 01 01 81

Talk to a local expert with offices based in Sydney, Brisbane, Melbourne and Perth

Copyright © 2019 FIIG Securities Limited | ABN 68 085 661 632 | AFSL No 224659 | Financial Services GuideSitemap | About us
FIIG provides general financial product advice only.  For a copy of our disclaimer please refer to fiig.com.au/disclaimer
* Based on FIIG’s high yield sample portfolio. Click here to view. Subject to change and before fees. Please see our FSG for any applicable fees.