Amendments to our standard implementation fees. Where advice is given to existing clients on existing products (for example topping up an existing ISA) we will discount our standard implementation fees as follows: Service Proposition: Transactional Active Bespoke Charge for Advice/Implementation: No Change (Per Table earlier) 50% discount (minimum fee £175) 75% discount (minimum fee £100) For example, if you contributed £20,000 into an ISA which was subject to a 3% implementation charge, then after the discount, this may amount to you paying a fee of £300 as an ‘Active’ client or £150 as a ‘Bespoke’ client. These fees are indicative only and we would refer to our Service Proposition summary for further details, a copy of which is available on request (but will be provided by your Adviser when you meet). Furthermore, your Adviser will ask you to signify that it has been received. Our fees are in any event subject to review annually on 1st January. For cases that we deem to be complex in nature, our fees may be higher than our stated rates. However, we will always provide you with a breakdown of our estimated fee and agree this with you prior to undertaking any work. We will discuss your payment options with you and agree how you would prefer us to be paid. You may also pay our adviser charges via deductions from the financial product(s) that you might invest in, where the product or service provider allows this. Please note that if you choose to pay for initial advice or ongoing services by deduction this will reduce the amount left for investment, or have other consequences. Whichever option you select we will discuss the implications of using that payment method with you prior to putting it in place. You may wish to set a fixed amount of fees that cannot be exceeded without further reference to you, in which case please speak with your Adviser. Where charging a fixed fee, we will provide you with a fee agreement showing the actual fee that will be payable for the agreed service being provided. We will provide a letter of engagement to indicate how much we might charge in total. Our payment options Settling your adviser charge through a single payment You will be required to settle the payment of our fees on completion of our work within 7 days. We accept cheques made payable to Xxxxxx Xxxx Limited only. We do not accept payment by cash and can provide a receipt upon request. You can choose to pay your adviser charge by standing order. The adviser charge can be paid up to a maximum of 12 instalments o...
