Chart data source: Netwealth and Numis Securities. Based on: the forward-looking expected gross return of Netwealth's Risk Level 4 portfolio of 4.4%; a total expense ratio (TER) for the Netwealth portfolio of 0.6% (made up of Netwealth's fee of 0.35% and underlying fund fees of 0.25%); and a TER for the traditional wealth manager taken as the average TER of wealth managers listed in research by Numis and Citywire, as published by Citywire Wealth Manager in February 2015 (http://citywire.co.uk/wealth-manager/news/discretionary-fees-laid-bare-let-the-calculations-begin/a799209).