Each adviser can opt to receive reporting from Kernel on a weekly or monthly basis. The report will include any fees paid by the client, including any accrued or outstanding. It will also include all of the client’s KiwiSaver information - balance, contributions, withdrawals, fees etc.

This can be provided in a place that is secure and suits the adviser. Our recommendation is a shared Sharepoint folder, in which we upload the reporting at a regular frequency each month.

Clients will be able to see any transactions and adviser fees within the Kernel platform in the same way direct retail clients can.

The adviser fee will be a line item shown in the ‘full breakdown’ drawer within the ‘KiwiSaver’ tab in the Kernel platform. The adviser fee will show alongside all contributions, withdrawals, earnings and tax paid.

Clients can export both investment and KiwiSaver reports from the platform in the same way existing retail customers can, and all fees will be shown as a line item within this report.

The Annual KiwiSaver Statement will show the adviser fee as an ‘individual action fee’.

These reports can be downloaded/found under the ‘Reports’ tab within the client’s profile and settings.