Management fees are due at the end of each quarter (30^th March, 30^th June, 30^th September and 30^th December). These fees are automatically deducted from your MeManaged Cash Account which forms part of the MeManaged portfolio.

Should this account have insufficient cash, the amount due will be deducted from your Current Account. If there are insufficient funds in the Current Account, we will sell some of the Financial Instruments under Management within your MeManaged portfolio.

You can also opt not to have us debiting the Current Account to cover the fees, but instruct us to sell some of the Financial Instruments under Management within your MeManaged portfolio to cover the Management Fees due. This latter option requires a specific request from you which can be affected by clicking on ‘Change Management Fee Payment options’ when viewing your MeManaged portfolio on the mobile app or online banking platform.

The process outlined above came into effect on 16 November 2023. If you opened a MeManaged account prior to this date but have not yet updated your Management Fee Options you will, as a default, have your fees settled through the sale of Financial Instruments within your MeManaged portfolio.