Your adviser fee is separate from, and added on top of, Kernel’s underlying fund management fees.
Advisers can charge up to 0.50% per year in addition to the fund’s annual management fee.
Example:
If the High Growth Fund’s annual management fee is 0.25% and your adviser fee is 0.50%, the total fee to the customer would be 0.75% per year (maximum).
Your client’s total annual fee will vary based on the Kernel fund(s) selected and the adviser fee your firm applies (up to 0.50% per year).