Morgans combines adviser-led Australian and international share dealing with a portal for portfolio information, research and adviser contact. Its optional Wealth+ administration and discretionary account service have separate terms. Brokerage is agreed with the adviser; the accessible 2024 Financial Services Guide provides historical fee illustrations, not a guaranteed 2026 quote.[1][3][4][2]
Accounts and eligibility
Sections ↑Account comparison01
Choosing the service
| Item | Details |
|---|---|
| Share dealing | Australian and selected international investments through a Morgans adviser.Source 1Source 4Source 2 |
| Wealth+ | Separate portfolio administration, record keeping and reporting service.Source 1Source 4Source 2 |
| Managed discretionary account | Available to selected approved clients under a written mandate; Wealth+ is required.Source 1Source 4Source 2 |
Account comparison02
Advice and authority
| Item | Details |
|---|---|
| Personal advice | The adviser considers relevant circumstances and supplies the applicable Statement or Record of Advice.Source 2 |
| Transaction authority | Agree the service, investment instructions and charges with the relevant office.Source 2 |
| Discretionary authority | A discretionary mandate specifies investment authority and agreed exclusions; portal access alone does not grant it.Source 2 |
Products and market access
Sections ↑Specifications03
Australian investment range
| Item | Details |
|---|---|
| Listed investments | Shares, ETFs, listed investment companies, warrants and exchange-traded options within the service offered.Source 1Source 2 |
| Capital raisings | IPOs and other eligible new issues.Source 1Source 2 |
| Fixed income | Debt investments are available through the adviser; instrument terms and minimums differ.Source 1Source 2 |
Specifications04
International dealing and currency
| Item | Details |
|---|---|
| Overseas shares | Selected international markets are available through the adviser.Source 1Source 2 |
| Foreign exchange | Conversion can facilitate the purchase or settlement of overseas investments.Source 1Source 2 |
| Separate costs | Overseas agent, brokerage, FX and custody costs can be relevant to the same investment.Source 1Source 2 |
Specifications05
Margin lending boundary
| Item | Details |
|---|---|
| Lender | Morgans arranges access to external margin-loan providers rather than supplying its own margin loan.Source 2 |
| Security | The lender’s approved securities and lending ratios govern the facility.Source 2 |
| Investor obligation | Interest, collateral shortfalls and forced-sale provisions belong to the separate loan agreement.Source 2 |
Trading and holding costs
Sections ↑The numerical Morgans fees below come from the Financial Services Guide dated 14 August 2024. The guide says charges can be negotiated and vary by office or service. They are useful for understanding the fee structure, but a current adviser quotation is needed before relying on them.[2]
Pricing & charges06
Historical small-order brokerage
Pricing & charges07
Historical stepped brokerage above AUD 1,800
| Item | Details |
|---|---|
| Fixed component | AUD 5.50 in the guide’s indicative stepped calculation.Source 2 |
| First AUD 15,000 | 2.75% on the first AUD 5,000, then 2.20% on the next AUD 10,000.Source 2 |
| Larger amounts | 1.65% on the next AUD 35,000 and 1.10% on the balance; these are marginal bands.Source 2 |
Pricing & charges08
Wealth+ charging structure
| Item | Details |
|---|---|
| Current arrangement | Fee-for-service administration, separately agreed from the adviser’s investment strategy service.Source 2Source 4 |
| 2024 annual illustration | 1.32% on the first AUD 250,000, 0.66% on the next AUD 250,000 and 0.44% above AUD 500,000, including GST.Source 2Source 4 |
| Additional charges | Minimum, establishment and exit charges can be negotiated; transaction brokerage is separate.Source 2Source 4 |
Pricing & charges09
International costs to obtain in writing
| Item | Details |
|---|---|
| Dealing | Morgans brokerage and an overseas agent charge may both apply.Source 2 |
| Currency | An exchange-rate margin may apply when settlement requires conversion.Source 2 |
| Administration | Custody, transfer and tax-form processing can add charges; several international illustrations in the guide carry an older 2021 effective date.Source 2 |
Pricing & charges10
Remuneration and cash interest
| Item | Details |
|---|---|
| Issuers and product providers | Morgans may receive remuneration connected with investments or capital raisings.Source 2 |
| Trust-account interest | The FSG states that Morgans retains interest on its trust account.Source 2 |
| Independence | The guide explains why the firm does not describe its advice as independent.Source 2 |
Platforms, orders and execution
Sections ↑Process11
Client portal functions
Process12
Web and mobile access
| Item | Details |
|---|---|
| Browser | The portal can be used in a supported browser.Source 3 |
| Mobile | Morgans provides an iOS and Android app; a compatible, updated operating system is required.Source 3 |
| Dealing scope | These portal functions should not be mistaken for an unrestricted self-directed exchange-order ticket.Source 3 |
Process13
First access on a device
Funding, settlement and transfers
Sections ↑Process14
Settlement instructions
| Item | Details |
|---|---|
| Before dealing | Agree the settlement method and any currency requirement with the adviser.Source 2 |
| International transaction | The choice between local-currency settlement and conversion can change the total cost.Source 2 |
| Facility borrowing | A margin-loan balance is borrowing governed by the external lender, not free cash.Source 2 |
Process15
Leaving a discretionary service
| Item | Details |
|---|---|
| Notice | Termination is by written notice under the discretionary agreement.Source 2 |
| Timing | The agreed notice and asset-transfer provisions determine when the arrangement ends.Source 2 |
| Remaining assets | An account termination and the liquidation or transfer of its investments are separate steps.Source 2 |
Custody and client protection
Sections ↑Protections & eligibility16
Legal provider and market participation
Protections & eligibility17
Professional indemnity insurance
| Item | Details |
|---|---|
| Policy structure | The FSG describes a Morgans Holdings Australia policy covering relevant Morgans Financial activities.Source 2 |
| Conduct covered | The description includes conduct by representatives and employees within the policy terms.Source 2 |
| Limit of inference | It does not establish a fixed personal insurance balance or cover ordinary investment losses.Source 2 |
Support, complaints and records
Sections ↑Process18
Portal account recovery
| Item | Details |
|---|---|
| Lost access to the registered email | Contact the adviser to arrange a reset and access through the replacement email address.Source 3 |
| Missing account after migration | Ask the adviser to check the account linkage.Source 3 |
| Changing details | Use the profile controls for available updates; a relinking problem requires assistance.Source 3 |
Process19
Technical help and adviser contact
| Item | Details |
|---|---|
| Portal support | 1800 141 103.Source 3 |
| Initial troubleshooting | Check connectivity, refresh the session, try an updated browser or update the app.Source 3 |
| Order-related assistance | Contact the adviser; a technical help number is not itself a promise of immediate dealing during an outage.Source 3 |
Process20
Complaints and escalation
| Item | Details |
|---|---|
| Internal complaint | Morgans offers a free complaints process and describes a response period of up to 30 days.Source 5 |
| Independent escalation | Australian Financial Complaints Authority: 1800 931 678.Source 5 |
| Accessibility | The complaints process provides for language and accessibility assistance.Source 5 |
Process21
Portfolio and tax records
| Item | Details |
|---|---|
| Quarterly reporting | Wealth+ provides a quarterly review pack.Source 4 |
| Year-end reporting | Tax reporting is included in the administration service.Source 4 |
| Underlying records | Transactions, dividends, interest and corporate actions are maintained as part of Wealth+ administration.Source 4 |
Research and additional services
Sections ↑Availability22
Research access
| Item | Details |
|---|---|
| Company research | Morgans advertises research on more than 200 ASX-listed companies.Source 1Source 3 |
| Delivery | Research is available through the client portal and adviser relationship.Source 1Source 3 |
| Decision support | Research and alerts supply information; they do not by themselves authorise discretionary trading.Source 1Source 3 |
Availability23
Administration versus investment management
| Item | Details |
|---|---|
| Wealth+ role | Administration and reporting are separate from the adviser’s investment strategy work.Source 4Source 2 |
| Discretionary service | Requires an additional written managed-account agreement for approved clients.Source 4Source 2 |
| User control | The mandate, rather than a watchlist or alert, defines any authority to transact without individual instructions.Source 4Source 2 |
Company and service history
Sections ↑Regional comparison24
Company and office structure
| Item | Details |
|---|---|
| Operating company | Morgans Financial Limited.Source 2 |
| Parent | Wholly owned by Morgans Holdings Australia Pty Limited, as described in the FSG.Source 2 |
| Office arrangements | The guide distinguishes owned offices from offices operating through managed-service arrangements.Source 2 |
Regional comparison25
Separate financial-planning disclosure
| Item | Details |
|---|---|
| Related provider | Morgans Financial Planning Pty Limited has its own Financial Services Guide.Source 2 |
| Contract check | The engagement should identify which company supplies each service.Source 2 |
| Profile scope | This profile covers Morgans Financial securities dealing and the associated portal and administration services.Source 2 |
- Headquarters
- Australia
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Morgans Financial Limited
AustraliaSource 2
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Australian Securities and Investments Commission235410 | Not verified | Checked 27 Oct 2026AFSL disclosed in the 14 August 2024 FSG. Current independent ASIC register status was not established in this research.Source 2 |
Cost illustrations and practical implications
Sections ↑Scenarios26
What a brokerage quote should include
| Item | Details |
|---|---|
| Domestic dealing | Percentage schedule, minimum, GST treatment and any office-specific agreement.Source 2 |
| International dealing | Morgans commission, overseas intermediary charges, FX margin and ongoing custody.Source 2 |
| Portfolio service | Administration or management fee, any minimum and the treatment of brokerage.Source 2 |
Scenarios27
Calculated historical Wealth+ illustration
| Item | Details |
|---|---|
| Assumed portfolio | AUD 600,000 for a full year at the 2024 marginal illustration.Source 2 |
| Calculation | AUD 3,300 on the first AUD 250,000, AUD 1,650 on the next AUD 250,000 and AUD 440 on the last AUD 100,000: AUD 5,390.Source 2 |
| Exclusions | Negotiated minimums, establishment or exit charges and dealing costs; this is not a current personalised quotation.Source 2 |
Sources & further reading
- Morgans: stockbroking services and investment range Morgans Financial · Accessed 27 Oct 2026
- Morgans Financial Services Guide, 14 August 2024 Morgans Financial · Accessed 27 Oct 2026
- Morgans client portal: functions, authentication, recovery and support Morgans Financial · Accessed 27 Oct 2026
- Morgans Wealth+: portfolio administration and reporting Morgans Financial · Accessed 27 Oct 2026
- Morgans: client feedback, complaints and AFCA Morgans Financial · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.