Advice Fees. If a Client directs /authorises Netwealth to pay an Advice Fee: • You must ensure that the direction/authorisation is accurately communicated to Netwealth. • You must notify Netwealth if the Client withdraws or varies that direction or authorisation or if that direction or authorisation is no longer valid for any reason. • You agree to repay or cause to be repaid to Netwealth on behalf of the Client any Advice Fees paid to You or Your Licensee which have not been validly and fully directed/authorised by the Client. This obligation survives termination of this Agreement. • You are responsible for all agreements with Clients regarding the payment of Advice Fees and for all disclosures to Clients about the Advice Fees. Your responsibilities as Your Client’s Adviser Representative NW-R-ARA_0517 Where you are appointed by a Client as their Adviser Representative, You must diligently perform all tasks that you are required to perform under the terms of that appointment and You must at all times act within the terms of that appointment. In particular, You must ensure that, before an Underlying Product is acquired on behalf of or at the direction of a Client, the Client is given each Underlying Disclosure Document that would have been required to be given to the Client had the Underlying Product been offered to the Client directly. Wherever you give directions to Netwealth to acquire an Underlying Product on behalf of a Client, you represent to Netwealth that you have given the relevant Underlying Disclosure Document to the Client and You agree that Netwealth may rely on that representation when acquiring the Underlying Product. Offer to act as agent to receive documents in connection with assets held through the Managed Account You agree that, wherever a Client applies to access the Managed Account through a Netwealth Platform and has appointed You as their Adviser Representative, You offer to act as the Client’s agent to receive on their behalf any documents relating to any of the assets acquired or held in the Client’s managed account (as described in the relevant PDS for the Netwealth Managed Account). You authorise Netwealth to communicate to the Client this offer by You to act as their agent. The communication may be made by Netwealth via the relevant PDS for the Netwealth Managed Account. Where a document You receive as agent for a Client is an Underlying Disclosure Document, You represent to Netwealth that You will give that Underlying Disclosure Document ...
Advice Fees. If a Client directs/authorises Netwealth to pay an Advice Fee: • You must ensure that the direction/authorisation is accurately communicated to Netwealth. • You must notify Netwealth if the Client withdraws or varies that direction or authorisation or if that direction or authorisation is no longer valid for any reason. • You agree to repay or cause to be repaid to Netwealth on behalf of the Client any Advice Fees paid to You which have not been validly and fully directed/authorised by the Client. This obligation survives termination of this Agreement. • You are responsible for all agreements with Clients regarding the payment of Advice Fees and for all disclosures to Clients about the Advice Fees.
Advice Fees. These are the fees for the advice your financial services provider gives you. You and your financial services provider have agreed these fees (as set out in the annexure to this document.) We deduct these fees from your investment amount before investment and monthly from your investment value and pay them to your financial services provider on your behalf.
Advice Fees. We offer certain advice services free of additional charge where an ongoing servicing fee is being paid. Advice fees, if charged, are in addition to the Service Level fees (1%, 0.75% or 0.5%). If you have elected for the Transactional Service advice fees will be chargeable on all advice cases. Typically, no additional advice fee will apply where additional investments or changes are being made to existing products. All other advice services (typically, new products being set up) are chargeable at our hourly rate, detailed below. Advice Services offered free of charge (where servicing fee is being paid) Increase in regular contributions Fund switches – all product types Fund switches to cash for income and or charges in flexi-access drawdown products Partial or full withdrawals – all product types Full pension encashment Stock transfer within investment plans DFM – suitability assessment Plan alteration – protection products Advice Service charges & minimum fee Type of Adviser Advice Fee Charge Qualified Financial Adviser £100 per hour This is subject to our minimum fee for presenting a financial plan of £500 (based on minimum 5 hours work). NOTE: VAT is likely to be added to these fees where it relates to a DFM service. We will estimate how many hours we expect your advice will take and set this out for you. If fees are payable, these will be agreed with you before any work begins. If the case becomes more complex, for example with detailed tax calculations or trust related cases, we reserve the right to charge a fee or charge more than the agreed amount, however we would always discuss this with you before proceeding.
Advice Fees. (A) The fee for delivery of Advice is $15.00 (fifteen dollars) per year per Participant a portion of which will be retained by Recordkeeper as compensation for administering the Advice services as more fully described in the ASA or in other documentation.
