Common use of Initial Advice Clause in Contracts

Initial Advice. You have instructed us to act for you and perform the duties outlined in our Client Agreement. In summary we will: • Gather all relevant personal information, including details of your finances, your needs and financial objectives. • Analyse the information gathered in detail against your stated objectives and research possible solutions. • Provide a detailed report of your situation to include our recommendations. • Work with you and any relevant product providers or lenders to ensure the recommendations are implemented. On-going As part of the initial work we have agreed to provide an on-going service to include: • Maintenance of your files. • Reviewing the continuing appropriateness of products in place. • A periodic review of the underlying investments to assess their continuing appropriateness having regard to your circumstances. • To provide a written summary of our recommendations at that time (although it will be your decision whether to instruct us to take all or any action proposed). • To liaise with product providers to implement any changes or switches agreed between us. Full details of the exact services available and their frequency are contained in the relevant Service Proposition document provided to you separately. Remuneration & Charges For the initial work we have agreed an adviser charge of: A fixed fee of £ In line with the Table of Charges in the Cost of our Services. (see recommendation report(s) for full details) % of the amount invested. For the on-going service we have agreed an annual charge of: % of the value of your funds held through our agency each year. (see recommendation report(s) for full details) The annual servicing charge is non-refundable, even if you do not choose to use the services that we have offered to you and any remuneration resulting remains the property of Optimum Independent Financial Advisers Limited. This does not affect your rights to terminate this agreement at any time.