Ongoing charges once your financial plan is in place it is important to keep it under review, so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Initial Advice Charges Our initial advice Fee covers the following: ▪ All of our initial meetings ▪ Fact finding process ▪ Risk profiling ▪ Strategic advice ▪ Arranging and implementing your financial solution The Process Stage 1: First meeting to discuss your needs and our services At our cost* Stage 2: Fact finding meeting to understand your full financial picture and risk profiling exercise At our cost* Stage 3: Recommendation report compiled At our cost* Stage 4: Recommendation meeting At our cost* Stage 5: Implementing your Investment Payment due on set up of product – Please see overleaf for details of example charges. Stage 6: On-going monitoring of your investments, 6- monthly valuation, annual review Your investments will be sold down to pay for this either monthly, quarterly, six monthly or annually: 0.75% or 1% of investment value. You will also be eligible for a discount on any future initial advice fees. *The cost is incorporated within the initial fee, which is payable only if you proceed with our recommendations. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we carry out any work and we’ll explain your payment options too. First Service Financial Limited is not registered for VAT. PLEASE NOTE: The charge presented at the time of recommendation is based upon the value of the amount being invested and calculated using the aggregate value of all funds under management with First Service Financial Ltd at the point of research. However, the actual charge will be dependent on the value of the funds being invested and calculated using the aggregate fund value of all funds under management at the point of transaction. Investments and Pensions Lump sums (new monies(gross)); Annuity Purchases 3% for investments up to £100,000 2% for amounts between £100,000 to £200,000 1% for any amount above £200,000 (subject to a minimum fee of £750 and maximum fee of £20,000) Here is an example of how our charges could apply: If you invested £100,000, you would incur a fee of £3,000 i.e.: £100,000 x 3% = £3,000 - Total Fee £3,000 Regular Contributions (new plans and top-ups) – pensions and investments (Year 1 only) 20% of the annual gross investment with a minimum charge of £750 for new clients. Here is an example to show how this could work...
Ongoing charges once your financial plan is in place it is important to keep the underlying investments under review so these can be adapted, where necessary. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we do any work and we’ll explain your payment options too. We’ll also let you know where any fees are subject to VAT. Initial charges Service description Charges
Ongoing charges once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Any products we have arranged for you will only be kept under review as part of an ongoing service for which you have agreed to pay. Our ongoing services are optional, however where you agree to purchase an ongoing service, unless otherwise agreed, this will be provided as a follow up to the initial service. Our charges for ongoing services (if taken up) will commence immediately alongside our initial charge, and are typically payable on a monthly basis. Our charges are payable within 30-days of the end of the relevant period. Alternatively, you may request that we charge you on an hourly rate basis for our services. It is important to note that Vintage Wealth Management Limited will charge at prevailing hourly rates of each of the members of staff involved in the advice process for any work we undertake for you, unless it has been accounted for in a service agreement. The costs for all our services are based on these rates, and where applicable, estimates of how many hours we expect the work to take (please refer to the ‘Hourly Rates’ section of this client agreement for details). By charging on this basis, we are able to be truly transparent and demonstrate to clients how these costs are disseminated in order to provide the services we offer. Vintage Wealth Management Limited can also be remunerated by way of charging you based on a percentage (%) of funds to be invested/under management if you prefer. The % will be the equivalent of the monetary amount estimated to provide the chosen level of service (as evidenced in the examples below). Any advice or recommendation that we offer will only be given after we have assessed your needs and considered your financial objectives and attitude to any risks that may be involved. We will also take into account any restrictions that you wish to place on the type of products you would be willing to consider. In some circumstances we may provide you with a non-advised service where you will not receive advice or a recommendation from us. Please refer to our “Non-Advised Service” client agreement for more information on this service. The services that you select and the charges for those services will be confirmed in the ‘Fee Agreement & Service Engagement’ form. We agree to provide the services selected, and you agree to pay us ...
Ongoing charges. A. Depending on asset volume (individual charge) Administration, investment decision, risk management, and distribution The management company is remunerated for administration, the investment decision (asset management and investment consulting), risk management, and distribution of the UCITS as set forth in Annex A "The UCITS at a glance". These charges are calculated on the basis of the average net asset value of the UCITS or of the respective asset class on the occasion of each valuation and deducted from the assets of the UCITS quarterly in retrospect. The charges applicable to the respective unit class are indicated in An- nex A “The UCITS at a glance”. The annual report discloses the charges actually levied. The management company is at liberty to specify different administration fees for one or several unit classes. The trust agreement: Costs and charges This also includes the trailer fees that may be payable to third parties for investor referral and support services.
Ongoing charges once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we do any work and we’ll explain your payment options too. We’ll also let you know where any fees are subject to VAT. Initial charges Our fees are based on the area(s) where advice is required: Initial Service Initial Charges Retirement Planning, including full cash-flow modelling £500 - £1,800 Investment Planning £150 - £1,200 Pension Planning £150 - £1,200 Protection Planning £300 - £1,200 Estate / Inheritance Tax Planning £550 - £2,500 Financial Planning £450 - £1,800 For your protection, if you are dissatisfied with your initial report, we will refund your fee in full. There may be certain circumstances where an hourly rate fee may be applicable. Due to uncertainty of the length of time the task may take, in these circumstances an hourly rate will be based on the following: Financial Planner £120 per hour Administrator £70 per hour We will always confirm any charges for any “ad hoc” work outside the scope of our normal review services. Our fees at the implementation stage If we implement actions involving investment of capital on your behalf, our fees will be based on a % of the amount invested. Often our fees can be deducted from the investment vehicle arranged or alternatively we can issue you with an invoice. Amount We Invest Fee Rate £5,000 - £150,000 3% £151,001 - £250,000 2.5% £251,001 - £400,000 2% £401,001 plus 1.5% For example If you invest a lump sum of £40,000 our Adviser Fee would be 3% which equates to £1,200 Payment options Initial charges can be paid in a number of ways: • Cheque (payable to Aaron Tawny) or by electronic transfer. • Payment via deductions from the financial product(s) you invest in or (if relevant) deductions from the amount invested with a Discretionary Fund Manager (DFM). Most product providers / DFMs offer this facility but using it will reduce the amount you have left to invest and may, depending on your circumstances, have other consequences (we’ll discuss this with you beforehand). • For investments held on a platform (an online investment administration service) you may choose to pay our charges out of the funds held in the platform cash account, although it’s important to maintain sufficient funds in the account to cover our charges as they beco...
Ongoing charges. (a) Subject to clause 4.5(b), in addition to the other charges described under clauses 4.1, 4.2 and 4.3, Flow Power may charge the Customer, and the Customer must pay, Energy Charges for or in respect of electricity supplied to the Premises after the End Date (if specified) or any date on which this agreement terminates, but on the basis that the Electricity Price for the Premises for each Trading Interval is the Spot Price for that Trading Interval plus the absolute value of 20% of that Spot Price, if by then a new agreement has not been entered into or financial responsibility to AEMO for the Premises has not transferred from Flow Power to another retailer.
Ongoing charges once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we do any work and we’ll explain your payment options too. We’ll also let you know where any fees are subject to VAT. Initial and / or Additional Advice Charges Our typical charges are based upon a calculation of the following factors: Breakdown of Costs Initial Consultation No charge Discovery Meeting and analysis of need areas • Gathering and analysing of information (assumed duration1 hour). £150 per hour (Typically between 1 and 2 hours) Analyse and Evaluate Financial Status • Seeking information from existing providers. • Analysis of information received from provider - Reviewed & related to individual circumstances & objectives including reporting our findings to you. £50 per provider / contract £250 per analysis Develop and present solutions and / or alternatives • Cost of producing financial planning recommendations. £150 per hour (Typically between 2 and 4 hours) plus the additional costs shown below: • Independent research in consideration of your needs and objectives. o Mainstream Investment and / or Pension / Retirement Income Advice ▪ Independent whole of market research and portfolio construction including asset allocation, reflecting your needs and objectives and the complexity of the advice provided to you. ▪ Mainstream Investment will typically include (but is not limited to) advice on open and closed ended collective investment funds as well as insured funds. This list is not exhaustive. 0.75% of the amount under consideration, minimum £375 o Non-Mainstream Investment and / or Pension / Retirement Income Advice ▪ Independent whole of market research and portfolio construction including asset allocation, reflecting your needs and objectives and the complexity of the advice provided to you. ▪ Non-Mainstream Investment will include (but is not limited to) advice on Occupational Pension Transfers, Structured Products, Enterprise Investment Schemes, Venture Capital Trusts and Business Property Relief schemes. This list is not exhaustive. 1.5% of the amount under consideration, minimum £1,000 Implementing Recommendations Between £35 and £150 per hour as confirmed on your engagement letter. (Typically, 1 hour) Time and Travel Costs, greater than 50 miles £1 per mile Hourly Rate...
Ongoing charges once your financial plan is in place it is important to keep it under review, so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Initial Advice Charges Our initial advice Fee covers the following: ▪ All of our initial meetings ▪ Fact finding process ▪ Risk profiling ▪ Strategic advice ▪ Arranging and implementing your financial solution Stage 1: First meeting to discuss your needs and our services At our cost* Stage 2: Fact finding meeting to understand your full financial picture and risk profiling exercise At our cost* Stage 3: Recommendation report compiled At our cost* Stage 4: Recommendation meeting At our cost* Stage 5: Implementing your Investment Payment due on set up of product – Please see overleaf for details of example charges. Stage 6: On-going monitoring of your investments, 6- monthly valuation, annual review Your investments will be sold down to pay for this either monthly, quarterly, six monthly or annually: 0.75% or 1% of investment value *The cost is incorporated within the initial fee, which is payable only if you proceed with our recommendations. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we carry out any work and we’ll explain your payment options too. Mansion Park Limited is not registered for VAT.
Ongoing charges. Where we agree to provide you with a service that includes an ongoing review of the suitability of the investments we have recommended, we’ll carry out this review at least annually. To do this we will need to make contact with you to assess whether the information we hold about you remains accurate and up to date. We’ll issue you with a report setting out the results of our assessment and, if relevant, any updated recommendations. Our charge is based on a percentage of your fund value. Therefore the amount we receive will vary as your fund value varies – an increase in fund value will mean an increase in the cash amount we receive. Example 1: for a fund value of £10k we will receive up to £100 p.a. Example 2: for a fund value of £100k we will receive up to £1k p.a. Please note you are at liberty to cancel our ongoing services at any time without penalty.
Ongoing charges. The two levels of ongoing service that we offer are General Financial Planning and Bespoke. Full details of services provided, together with associated costs, can be found within our Proposition Document. Please ensure that you read this document in conjunction with this Client Agreement. As an example of our standard ongoing adviser charges, based on a new investment: Ongoing Proposition Selected Ongoing Charges General Financial Planning (For portfolios of below £250,000) This offering is based on us providing you with General Financial Planning advice, followed by an ongoing service. The ongoing adviser charge for our General Financial Planning Service is 0.75% of the rolling fund value of your investment/pension. Based on a fund value of £100,000 this would equate to £750 per annum. Based on a fund value of £250,000 this would equate to £1,875 per annum The above ongoing charges are subject to a minimum of £750 per annum Bespoke (For portfolios of £250,000 and above) This offering is based on us providing you with Bespoke Financial Planning advice, followed by a more proactive ongoing service. The ongoing adviser charge for our Bespoke Service is also 0.75% of the rolling fund value of your investment/pension. Based on a fund value of £100,000 this would equate to £750 per annum. Based on a fund value of £250,000 this would equate to £1,875 per annum. Paying our ongoing charges Any products we have arranged for you will only be kept under review as part of an agreed ongoing service for which you agree to pay. Any ongoing service will be agreed with you and confirmed in our Services and Payment Agreement. The amount that you will pay for ongoing services will depend upon the Service Level selected. Payment of ongoing charges can be made either by:
