At North, we’re committed to providing a wrap platform that delivers value for you, your business, and your clients.
Our tier structure has a minimum administration fee of $180 pa ($15 per month) and the fee rate gets progressively lower in each tier1. Administration fees are only charged on the first $1.25m for a client or family group.
Enjoy plenty of choice with sophisticated and diversified investment options to meet a wide range of client needs.
Individual clients or up to six family members can combine multiple account balances in MyNorth and North to access lower administration fee rates.
Our low fees allow us to continue to enhance our offering and deliver great service2.
The Lifetime fee of 0.10% pa which applies to MyNorth Lifetime accounts is capped at $500 pa. The Trustee fee of up to 0.015% for superannuation and pension members is capped at $300 pa per account.
An Investment fee of 0.75% pa applies to Cash accounts.
MyNorth administration fees
| Tier of account balance* | Select menu (% pa) | Choice menu (% pa) Super & Pension |
Choice menu (% pa) Investment |
| First $350,000 | 0.20 | 0.28 | 0.25 |
| Next $400,000 | 0.12 | 0.17 | 0.15 |
| Next $250,000 | 0.10 | 0.12 | 0.10 |
| Next $250,000 | 0.08 | 0.08 | 0.08 |
| Over $1,250,000 | 0.00 | 0.00 | 0.00 |
*Where individual or family aggregate applies, this is the total portfolio balance of all MyNorth Super, MyNorth Pension, MyNorth Investment, North Super, North Pension, and North Investment accounts within the aggregate. Other fees will apply, such as the account fee, cash account investment fee, and other fees as applicable. Refer to the product disclosure documents for further information.
Advice fee arrangements to suit your practice's needs
Rolling 12 month fee arrangement, deducted monthly.3
Fee charged for additional financial advice.4
A monthly or upfront fee for a period of up to 12 months.5
An initial fee covering research, plan preparation or advice implementation.
Flexible fee consent options
There are multiple ways clients can consent to advice fees on North including a wet signature, using a third-party electronic signature service, or via our digital consent option which enables straight-through processing.
Find out how you can help build cost-effective client portfolios
1 Clients will pay either the minimum administration fee of $180 pa or the percentage-based administration fee, depending on their account balance. Where individual or family fee aggregation applies, the minimum is applied at the group level and proportioned based on the balance held in each account.
2 Not charged on NCAP accounts or accounts with a MyNorth Guarantee that started before 28 November 2020.
3 Rolling 12-month fee arrangement is only applicable for Super and Pension accounts. Fees can still be charged on an ongoing basis for IDPS accounts.
4 For IDPS accounts, a fee can also be charged upon settlement of listed securities and on contributions.
5 Fixed-term arrangements are only available for Super and Pension accounts.
What you need to know
The information on this page is provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT) and is general advice only. It’s for professional adviser use only and must not be distributed or made available to retail clients. A person should consider whether this information is appropriate for them before making any decisions it’s important a person considers their circumstances and reads the relevant PDS, TMD and IDPS available at northonline.com.au or by calling 1800 667 841, before deciding what’s right for them.
Read the Financial Services Guide online for more information, including the fees and benefits that companies related to NMMT, N.M. Superannuation Pty Limited ABN 31 008 428 322, AFSL 234654 (N.M. Super) and their representatives may receive in relation to products and services provided. You can also ask us for a hard copy.
MyNorth Super and Pension and North personal super and North personal pension are issued by N.M. Super. MyNorth Investment is operated by NMMT. MyNorth Investment Guarantee is issued by National Mutual Funds Management Limited ABN 32 006 787 720, AFSL 234652. MyNorth and North are trademarks registered by NMMT.
All information on this website is subject to change without notice.