Further Fee Savings

FURTHER FEE SAVINGS

Arrow Private Wealth is pleased to report that there will an additional fee saving to our clients for funds invested through the Arrow Managed Portfolios on the HUB24 platform.

The Arrow Managed Portfolios are a suite of products designed and produced by our in-house investment committee; Arrow Asset and Investment Management (AAIM). Each Managed Portfolio is specially designed by the committee through extensive research and analysis to enable optimal portfolio construction and to achieve the specific outcome objectives – both from a capital protection (volatility) and return objective.
 
Through our business transition to a new licensee, you may recall from our conversations with you; one of the drivers for these changes was the pursuit of efficiencies, both internally as a business and externally from the Specialist Asset Managers that we entrust with our funds under management as well as the technologies that support and manage your investments.
 
Through the ongoing work of AAIM, we have been able to successfully negotiate lower fees on a number of the Specialist Asset Managers that are used in the Arrow Managed Portfolios and these savings (through rebates) were detailed in our Statements of Advice to you. AAIM is now pleased to report the decision to absorb the HUB24 Managed Portfolio fee, previously reported at 5 basis points (0.05%) as an internal cost as part of their ongoing operations.
 
To clarify and in summary, where we previously indicated that you would be paying a fee of 0.30% for investment under the Arrow Managed Portfolio (encompassing 0.25% to AAIM and 0.05% to HUB24), the amount payable is now 0.25% only.
 
AAIM is committed to delivering high-quality outcomes for clients both through its product offering and through the synergies of the ongoing service offering of Arrow Private Wealth.