In response to the ABC Four Corners program and consistent feedback from our valued clients, we have decided to proactively eliminate insurance commissions from our business model. We believe in staying ahead of legislative changes and prioritizing transparency in all our dealings.
Transparency has been a common theme in our discussions, and as a result, we have thoroughly reviewed our service charges. We are excited to introduce our One Fee – One Price model. This new structure simplifies the understanding of the total cost of our services and eliminates additional charges for core services.
This transition will naturally take place as management agreements come up for renewal. Based on our current portfolio, we anticipate this project will take approximately 18 to 24 months to complete. However, if you are a member of the Executive Committee in your complex and wish to transition to the new fee structure sooner, please complete the form below. We can then arrange a time to discuss this at your next EC meeting.
This initiative aligns with our core company values of leadership, authenticity, and communication:
Leadership: By proactively eliminating insurance commissions, we are leading the industry in transparency and ethical practices.
Authenticity: Our commitment to a One Fee – One Price model reflects our genuine dedication to providing clear and honest service to our clients.
Communication: We strive to keep you informed and involved in every step of this transition, ensuring that you understand the changes and how they benefit you.
We began this journey in late 2024, and the initiative has been overwhelming positive – with more than 23% of the portfolio converted at this time and 100% uptake of the fee structure once introduced and explained.