Ongoing Service. Agent shall service Employers, Employees, and individuals enrolled in QHPs when Agent is the Agent of Record. Such service will include, but not be limited to, the following:
Ongoing Service. In order to meet your long-term goals, you should regularly review your plans and situation and make changes accordingly. Therefore, we would normally recommend that you sign up for our ongoing service for this financial planning service to be effective. However, this is not compulsory. If you do not want any ongoing service, we will not charge an ongoing fee and we will not be responsible for reviewing performance or providing you with valuations. We offer three levels of service: Standard If you have relatively simple requirements, for example if you made a lump sum investment of less than £150,000, then we offer a more basic level of ongoing service. The service will consist of the following: • Annual valuations • Access to a Financial Planner by telephone or email • Meetings on request, but subject to a fee • Autumn Budget update
Ongoing Service. Please note that any products we have arranged for you will only be kept under review as part of an ongoing service for which you agree to pay. Any ongoing service and the associated costs will be agreed with you in writing. We may contact you in the future by means of an unsolicited promotion (by post or email) should we wish to discuss the merits of a particular product or service which we feel may be of interest to you. RISK WARNINGS Please be aware that investments can fall as well as rise, and that you may not get back the full amount invested. The price of investments we may recommend may depend on fluctuations in the financial markets, or other economic factors which are outside our control. Past performance is not necessarily a guide to future performance. Specific warnings relevant to the investments, investment strategies or other products we recommend will be confirmed to you in your suitability report. Neither Xxxxxxx Xxxxxx & Co nor its employees are qualified to render legal or accounting advice, or to prepare any legal or accounting documents. It is hereby understood and agreed that the onus is on you the client to refer to a solicitor or accountant any point of law or accountancy that may arise during the course of discussions with us. CLIENT MONEY Xxxxxxx Xxxxxx & Co is not permitted to handle client money and we cannot accept a cheque made out to us (unless it is in respect of an item for which we have sent you an invoice) or handle cash.
Ongoing Service. Agree timetable for regular review meeting every [six months/year] to check that all aspects of arrangements performing as they should and review any issues. • Annual review report to confirm continuing suitability of recommended provider and default funds. • Annual presentation to Employees, discussing the scheme, changes to pension legislation and default fund performance along with general guidance on life styling options. • Provide an update in changes to Auto Enrolment legislation since the last review, the scope of this information is set out in Schedule 2. SCHEDULE 2 – AUTO-ENROLMENT SERVICES This service is aimed at clients who are already subject to Auto Enrolment legislation, so do not require guidance on implementation of the requirements. • Guidance on the various contribution levels/bases that may be used by the Employer, and Employee eligibility terms. • Discussions regarding impact of auto-enrolment obligations, procedures and qualifying scheme requirements if applicable. What you are responsible for: • You must provide us with full access to information concerning any existing pension schemes in place together with appropriate and up to date information regarding your financial circumstance. • Carrying out the appropriate assessment of your workforce. Various tools are available to assist you in this connection. • Establishing and monitoring the appropriate systems and controls to address all scheme management and administration requirements. • Maintaining accurate and complete scheme records safely for future reference. • Introducing a process of continuing monitoring of compliance against all regulatory requirements. • Managing a continuing process to deal with enrolment of all qualifying workers. Assistance may be provided by the pension scheme provider when you submit ongoing Employee data to them. • Monitoring age/earnings continuously to identify where changes may be needed. Again, assistance may be provided by the pension scheme provider in this connection. • Supplying all necessary information to the pension scheme provider to enable all pension contributions to be monitored and controlled. • Processing all opt-in/opt-out requests and arranging for refunds to be paid out where appropriate. • Maintaining accurate and complete scheme records safely for future reference. Completing the appropriate periodic re-registration of the scheme with the Pensions Regulator. • Deciding on which contribution levels/bases are best suited to your bu...
Ongoing Service. If you decide to become a “Family Client” and are accepted by GSI Wealth Management Ltd, you will be charged an ongoing fee as noted in either your Plan or subsequent letters. Payment Basis – Implementation fees will be notified to you in the Fee Schedule of your Plan and any subsequent letters. Fees are payable upon receipt of our invoice. The date of receipt is deemed to be three days following posting. VAT will be added where there is no exemption. Once payment has been made, no refund will be made should you suspend or cease implementation. We reserve the right to apply fees should we be required to provide information to third parties, such as solicitors, accountants or banks. Fees may be payable in connection with any additional work required to assist the executors to obtain probate. This can include providing valuations of investments, dealing with death claims for life assurance plans or pension plans, and other such plans. Where fees become chargeable this will be calculated at a rate pf £247 plus VAT per hour or part thereof. It is possible that other costs including taxes related to transactions in connection with the products we recommend, and which are not imposed by us, may arise. Investment and Ongoing Fees - The amount of fees we charge depends on the work we undertake on your behalf and the level of investment you make. There will be no explicit charge for investment switching. A tiered fee structure is charged. 2% of the sum of money invested up to £250,000; 1% charged for the next tier £250,001 - £500,000; 0% charged thereafter. This caps the initial fee at £7,500. The ongoing adviser fee will be 1% per annum which will be deducted from the WRAP account. For a ‘Final Salary Scheme Transfer’, also known as ‘Defined Benefit Schemes’, a flat fee of £970 plus VAT and a variable fee of 3% is payable upfront and non-refundable. Plan Implementation – You will be advised of the exact cost of your recommended scope of services in the report you will be provided. An example of our fee structure is set here: Initial Charge (%) Initial Charge (Cash) Annual Charge (%) Annual Charge (Cash) Total (Cash) £100,000 invst 2% £2,000.00 1% £1,000.00 £3,000.00 Total £2,000.00 £1,000.00 £3,000.00 £300,000 invst £0 - £250k 2% £5,000.00 1% £2,500.00 £7,500.00 £250k - 500k 1% £500.00 1% £500.00 £1,000.00 Total £5,500.00 £3,000.00 £8,500.00 £650,000 invst £0 - £250k 2% £5,000.00 1% £2,500.00 £7,500.00 £250k - 500k 1% £2,500.00 1% £2,500.00 £5,000.00 £500k+ 0% £0....
Ongoing Service. Depending on the size and complexity of your portfolio once in place, you may or may not require ongoing management services. It is important to be aware that, in the absence of a specific agreement to provide you with ongoing services, your portfolio and goals will not be monitored unless you contact us to ask for a specific service. Should you wish us to monitor your ongoing position and ensure the advice given remains suitable; we will agree an appropriate service offering? The benefits of agreeing to an ongoing service arrangement will include access to your adviser throughout the term of your agreement. Details of the service that can be tailored to the agreed service proportion (individually confirmed in the adviser report) • Annual review of your pensions and investments. • We will ensure that following completion and analysis of the initial Risk Profile Questionnaire that the investment solution we recommend to you will continue to reflect your chosen Attitude to Risk (ATR), benefiting you by reducing the volatility of your portfolio overtime whilst attempting to maximise the return produced by your portfolio within the parameters of your ATR. • Providing factual information to assist you to make sound financial decisions. • Investment management and rebalancing according to a set asset allocation. • Determining an efficient asset allocation appropriate to your specified risk profile. • Ongoing review of the allocation of cash, bonds, equities and alternative investments in line with your objectives. • Continued monitoring of the investment managers used in the construction of your portfolio. • Managing liquidity requirements for planned or unplanned withdrawals. • Determining and rebasing your risk tolerance. • Dealing with correspondence and administrative issues on your behalf. • Regular contact with you throughout the year as required. • Helping you in minimising the taxation of your investments/pensions – especially in regard to Income Tax, Capital Gains Tax and Inheritance Tax. • Recommending that you have up-to-date xxxxx in place and have considered Powers of Attorney. • Advising on how your estate can be distributed in the most tax-efficient way possible. • Simplifying all administration by operating on one platform, if appropriate. • Keeping investment costs to a minimum by operating on one platform, if appropriate. • Providing a summary valuation of your investment annually. • Continual focus on what you most want to get out of your life...
Ongoing Service. An ongoing fee of 0.75% per annum based on the amount invested is payable on a monthly basis to us from your product provider to meet the cost of Ongoing Service. It is important to review your arrangements regularly and certainly whenever your circumstances change. For example, an investment of £100,000, the ongoing service charge will be £62.50 per month. The ongoing fee usually covers the cost of reviews on the frequency shown below. Each review starts with revisiting your Confidential Questionnaire, establishing your long-term objectives, appetite for risk afresh, capacity for loss and determining you short-term goals. We will update you about the investment landscape since the last meeting, share the view of Xxxxxxxxx about what is expected to happen next, consider the existing portfolio in the light of those facts and views together with advice for any strategic changes recommended. This is a service fee and Authorised and regulated by the Financial Conduct Authority. Corrigans is a trading name of Xxxxx Xxxxxxxx & Co Ltd. Registered in England & Wales No. 2198916. Registered address 0 Xxxxxxxx Xxxxx, Xxxxxxxxxx Xxxx, Xxxxxxxx, XX0 0XX. can be turned off by you. However, if you do this your investments won’t be reviewed from that point onwards. Based on your invested assets, reviews will be conducted as follows: Over £1million – at least bi-annually Under £1million - annually Providing the Services An IFA or administrator is always available to talk to you during office hours and an appointment can be made for you with your preferred adviser by any member of the team. This will usually be within two weeks. Contact will be made annually to arrange a review. There may be additional charge for meetings more frequently than outlined above. Communication Our preferred method of communication is by e-mail but this will be agreed with you at the outset: traditional written correspondence using the postal service remains freely available for those clients not comfortable with using electronic messaging. No confidential information will be sent by email unless it has been encrypted. Personal data may be sent via Sharepoint or using the portal on our IT system, both of which are highly encrypted and secure methods. You will always receive communications you can understand, products and services that meet your needs and offer fair value together with the support you need.
Ongoing Service. There is an annual fee of between 0.40% and 1% of funds held under our advice. This fee relates to the work we do surrounding the ongoing management and review of your investments. Up to £99,999 1% fee £100,000 - £249,999 0.75% fee £250,000 - £499,999 0.50% fee £500,000 + 0.40% fee Examples: If the value of your investments was £ 45,000 we would charge you £37.50 per month If the value of your investments was £125,000 we would charge you £78.12 per month If the value of your investments was £250,000 we would charge you £104.16 per month These amounts will fluctuate in line with your investment value and may rise or fall
Ongoing Service. We will agree how we will continue to work with you in the future and explain the level of service we provide in each of our Guardian, Premier, and Platinum service options, together with the associated costs. Again we will discuss with you all of the options so that you can decide what will work best for you. Our annual costs typically range from 0.5% pa to 1% pa of the value of your investment portfolio.
Ongoing Service. Setting Your Adviser Charge A percentage (%) of the amount invested If a specific charge is to apply, this will be confirmed before the consultation takes place. To be agreed before any work is undertaken. For payment options see ‘Options for paying by fee or adviser charge’ opposite. To be agreed before any work is undertaken. For payment options see ‘Options for paying by fee or adviser charge’ opposite. We will charge you a percentage of funds under management. these fees will be deducted from your investment by the product provider and paid to us. Hourly rate (£) If a specific charge is to apply, this will be confirmed before the consultation takes place. Typically we will charge up to £300 per hour. Typically we will charge up to £300 per hour. Typically we will charge up to £300 per hour. Depending on the complexity of the case it may take 15-20 hours to complete Steps 1-3 and between 5-10 hours to complete Step 4. However we will provide you with a bespoke estimate of the time required before we commence any work. We will not charge for any further work unless agreed with you. Fixed charge (£) If a specific charge is to apply, this will be confirmed before the consultation takes place. We will confirm the fee amount once we have scoped the task and amount of work due. We will confirm the fee amount once we have scoped the task and amount of work due. We will confirm the fee amount once we have agreed the service we will provide. For payment options see ‘Options for paying by fee or adviser charge’ opposite. What will you pay for Advice and Implementation based on a 3% adviser charge? Amount of Fee / Adviser Charge £8,000 £7,500 £7,000 £6,000 £5,000 £4,000 £3,000 £3,000 £2,000 £1,500 £1,000 £0 £50,000 £100,000 £250,000 The Amount Invested What will you pay for Ongoing Service based on a 1% annual fee? Amount of Fee / Adviser Charge £4,000 £3,500 £2,500 £2,000 £1,500 £1,000 £500 £0 £2,500 £1,000 £500 £3,000 £50,000 £100,000 £250,000 Value of Investment In respect of Ongoing Service we will confirm whether the charge will commence immediately or after a specified month. If paying by a percentage of funds under management, it will usually be paid monthly on the basis of 1/12th of the amount payable. Note: This amount will increase or decrease dependent on the underlying performance of the funds. For example if £100,000 is invested and an adviser charge of 1% has been agreed, if the fund grows to £110,000, then £1,100 will be payable. If the fund falls t...
