Common use of Ongoing Service Clause in Contracts

Ongoing Service. Monetary Solutions offers a choice of ongoing service propositions. We will agree with you which level of service is most appropriate to your needs. Ongoing service fees are charged as a percentage of funds under management. The actual fee charged will vary depending upon how the investment performs and it will increase as the fund grows. The ‘full’ service proposition is automatically provided to those clients whose ongoing fees exceed £500 per year (approximately £65,000 or more invested). The ‘limited’ service is provided to those clients whose ongoing fees are less than £500 per year (up to approximately £65,000 invested). These clients may elect to pay to upgrade to the full service. Our ongoing service option incorporates a periodic suitability review of the investments we have recommended, this is to ensure the original recommendation remains suitable. This periodic assessment will be completed at least annually, however, the frequency may be increased when taking into account your risk profile and the types of financial products that have been recommended.