ADVISER CHARGES Sample Clauses
The 'Adviser Charges' clause defines the terms under which fees or charges are paid to an adviser for their services. Typically, this clause outlines the method of calculating the adviser's compensation, such as a fixed fee, hourly rate, or a percentage of assets managed, and specifies when and how these payments are to be made. It may also address who is responsible for payment and any conditions under which charges may change. The core function of this clause is to ensure transparency and clarity regarding adviser compensation, thereby preventing disputes and aligning expectations between the parties.
ADVISER CHARGES. It is your responsibility to agree with your client the level of adviser fees that you will charge for providing advice relating to the plan introduced. If these adviser charges are to be deducted direct from the client’s pension scheme, then the details must be set out in the appropriate section of the Application Form. No Adviser Fees will be deducted from the client’s pension scheme account without the client’s express authority. Where allowable, you and your client can elect for adviser charges to be determined on a fixed rate, or as a percentage of the client’s fund, or a combination of both. Ongoing adviser charges (where permitted) will be deducted from the account in a manner consistent with the product’s charging structure, either annually in advance or where a percentage of the fund is specified, this will be based on the valuation of the plan and calculated on a daily basis. Where initial adviser charges are required, these can also be set at a fixed amount or as a percentage of the initial funds in the account. Initial adviser charges will be deducted and paid to you upon receipt of sufficient funds in the respective account. Should you require payment of ad hoc adviser charges in respect of the plan, these can only proceed with a clear and detailed invoice co-signed by the client to indicate acceptance along with a clear breakdown of the charges made. Insistence will also be made that the work can be considered to be on a ‘reasonable basis’s prior to commencement such that the Trustees of the respective scheme can approve. Refer to the PDS and specific product literature. None of the adviser charges deducted from a client’s account are to be rebated to the client. Adviser charges will be paid to your firm’s nominated bank account set out on this declaration and written confirmation will also be sent to your nominated address. It is the responsibility of both you and your client to ensure that there are sufficient funds available in the Client’s account to meet any adviser charges due to you. If insufficient funds are available, then no adviser charges will be deducted until such time as sufficient funds are made available.
ADVISER CHARGES. (a) If you invest in a portfolio through an adviser you can pay for the services of your adviser in two ways. Firstly, you can agree to pay a fee directly to your adviser or secondly, you can ask us to facilitate payment of adviser charges as set out in this section and the adviser charges section of the
(b) If you invest in a product we can only facilitate payment of adviser charges through the product where this is permitted by the product terms and conditions and applicable regulations.
(c) An adviser charge must be agreed between you and your adviser. We are not responsible for setting the amount of the adviser charge and this is a private matter between you and your adviser. We do not get involved in any dispute between you and your adviser. So if there is a dispute as to what you have actually agreed to pay your adviser, you and your adviser must resolve that dispute between yourselves.
(d) You agree that we may deduct an adviser charge from your portfolio in accordance with instructions we receive from you. Where your adviser forwards your instructions to us, we will always write to you directly to confirm that we have taken this instruction.
(e) As soon as we move money from your portfolio in accordance with your instruction to pay charges to your adviser, this is no longer your money and becomes due and payable by us to your adviser.
(f) We do not have to agree to facilitate the payment of adviser charges and we may refuse to do so, for any reason.
(g) If we agree to facilitate the payment of adviser charges, we will send you a confirmation letter showing the adviser charges your adviser has instructed us to deduct from your portfolio. It is very important that you notify us if your address has changed before you ask us to pay an adviser charge.
(h) It is also important that you check that your confirmation letter is correct and if not, that you inform us immediately.
(i) If the adviser charges shown in the confirmation letter are not what you have agreed with your adviser you should contact your adviser as soon as possible. You should note that the confirmation letter may not show all remuneration you are paying your adviser (for example, any fees you previously agreed with your adviser). In addition, if you have agreed to pay your adviser multiple adviser charges, you may receive more than one confirmation letter (for example, if the adviser charges are payable on different dates as money becomes available).
(j) You should contact your adviser i...
ADVISER CHARGES. 11.1 All matters relating to the payment of Adviser charges by the Company to the Intermediary shall be governed by these Terms, as amended from time to time, together with the Regulatory Requirements.
11.2 The Company will act in accordance with a Client instruction with regard to payment of Adviser charges.
11.3 Adviser charges may be deducted from the Investment monies if the Client has instructed us to do so in writing or on the Application Form.
11.4 The Company will pay Adviser charges weekly, following receipt of cleared investment funds.
11.5 The Intermediary shall repay to the Company any Adviser charge received by the Intermediary in error.
11.6 The Company will not enter into any disputes between the Intermediary and a Client relating to Adviser charges.
11.7 The Company may deduct any amount due to be repaid to the Company from any amount due from it to the Intermediary.