When you model CFS FirstChoice Wholesale Personal Super or CFS FirstChoice Wholesale Pension, AdviserLogic automatically categorises the underlying investments and calculates the applicable administration fees.

AdviserLogic also calculates the portfolio rebate and displays the resulting net administration fee. This gives you a clear breakdown to review before the fee flows into the client’s advice document.

You can access the calculation within Digital Advice recommendation strategies when navigating to the Super Fees screen.

You can also access the same calculation through Advice Tools > Super Fees.

The calculation and result are the same in both locations.

Select CFS FirstChoice Wholesale Personal Super or CFS FirstChoice Wholesale Pension and complete the client’s proposed investment allocation.

Open the Super Fees screen and expand Administration Fee Breakdown. AdviserLogic displays the balance, administration fee rate and calculated fee for each investment category.

Within the information window, the Amounts column shows the client’s balance allocated to Term Deposit (TD), Cash, Cash Equivalent (CE) and Other. The Admin Fee column shows the administration fee calculated for each category using the rate displayed beside the category name.

The CFS Cash Account and Cash Equivalent categories are not interchangeable. They have different administration fee rates and may contain different underlying investments.

Check that each investment has been added using the correct APIR code or ticker.

The category amounts combine to produce Total Administration Fee (A).

The CFS Cash Account is displayed separately because it has a different administration fee from Cash Equivalent investments.

Cash Equivalent and Other Options are also displayed separately because they are treated differently in the portfolio rebate calculation, even though they have the same administration fee rate.

The Total Account Balance (A) row shows the client’s total account balance. The value in the Admin Fee column shows the total administration fee before any portfolio rebate is deducted.

The Portfolio Rebate section shows the information used to calculate the client’s rebate.

This includes the applicable rebate rate, the total held in cash, term deposits and cash equivalents, any balance entered for CFS FirstChoice Employer Super, and the amount held in Other Options.

Cash, term deposits, cash equivalents and Employer Super balances contribute to the rebate tier calculation but do not earn a rebate themselves.

Other Options is the only investment category that earns the portfolio rebate.

Cash, Cash Equivalent, Term Deposit and Employer Super balances can affect which rebate tier applies, but they do not receive a rebate themselves.

The Total Portfolio Rebate (B) shows the rebate calculated on the eligible Other Options balance. Expand Rebate Breakdown to see how the balance has been allocated across each portfolio tier, including the tier range, allocated balance, rebate rate and calculated rebate.

Expand Portfolio Rebate and Rebate Breakdown to see how AdviserLogic has calculated the client’s rebate.

The portfolio rebate is applied progressively across the client’s total eligible portfolio.

Cash, Term Deposit and Cash Equivalent balances fill the rebate tiers first. These balances use the available capacity in each tier but do not earn a rebate.

Other Options balances are then placed on top of the cash-type balances. Each portion of the Other Options balance earns the rebate rate applying to the tier in which it falls.

Where an Other Options balance crosses more than one tier, AdviserLogic divides the balance across the applicable tiers and calculates a separate rebate for each portion.

The rebate amounts from each tier combine to produce Total Portfolio Rebate (B).

The Net Total Admin Fee (A - B) at the bottom of the window is the administration fee remaining after the total portfolio rebate has been deducted.

Where the client also holds CFS FirstChoice Employer Super, you can include the balance in the portfolio rebate calculation.

Select the Pencil icon to enter the amount in the Employer Super Balance field within the Portfolio Rebate section.

A new window will open where you can enter or edit the Employer Super Balance and save the change.

AdviserLogic then displays the Wholesale Account Balance, the Employer Super Balance and the combined Total.

The Employer Super balance fills the rebate tiers in the same way as cash-type investments. It does not earn a rebate itself, but it can move the client’s eligible Other Options balance into a higher rebate tier.

This may increase the portfolio rebate applied to the client’s Wholesale account.

To remove the Employer Super balance from the calculation, enter zero in the Employer Super Balance field and save the change. The calculation will then revert to the Wholesale account balance only.

Review Total Administration Fee (A) and Total Portfolio Rebate (B) on the Super Fees screen.

AdviserLogic subtracts the portfolio rebate from the total administration fee and displays Net Administration Fee (C).

The net administration fee is the estimated administration fee after the portfolio rebate has been applied.

The calculation updates when you change the client’s investment allocation or Employer Super balance and save the scenario.

All dollar amounts are displayed to two decimal places.

AdviserLogic may calculate totals using unrounded component amounts before displaying the individual lines. This can result in a difference of one cent between the total and the sum of the displayed amounts.

Administration fee rates, investment options and rebate rules may change over time.

If the calculation does not look correct, or you have questions about how an investment has been categorised, contact the AdviserLogic Support team through the in-app Help Centre or your usual support channel.

Include the selected product, investment allocation, APIR or ticker details, Employer Super balance and screenshots of the Administration Fee Breakdown and Rebate Breakdown.