2022-03-22 GDD

More documents

Recommendations

Info

How much do our services cost? Our services are based around advice and focus on how financial products can be used efficiently and effectively to meet customer needs. Our propositions to customers are therefore built around providing a service consisting of initial advice followed by ongoing oversight to ensure that advice remains consistent with changes in the customer’s circumstances and needs. Each service proposition is fully defined and documented so that our customers are aware of precisely what we will deliver and the standard to which this will be carried out. We are similarly rigorous in ensuring our charges are fully transparent and disclosed in a manner that enables customers, not just to be aware of the cost, but also to make a reasonable judgement about the value to them. The amount you pay will depend on the type of service you require. This may be a flat amount, percentage of the amount you are investing, or an agreed hourly rate. To help you understand how much our services would cost, we have outlined these in further detail within this brochure, together with monetary examples. You will not be charged VAT. This is because services provided by financial advisers are exempt from VAT where they involve the arrangement of financial products, or where advice is given with a view to such arrangements. Where we provide services outside of this exemption our turnover for this type of activity is currently below the level required for VAT registration. Hence, we are not required to pass this additional cost on to you. Page 20 of 34 General Disclosure Document 23/3/2022
Our customer proposition for ‘Investment Portfolios’ This service is suitable for customers requiring ongoing advice and oversight of an investment portfolios, as well as those wishing to make new investments. This service is not suitable for customers intending to hold investments within a single asset type or through a discretionary manager. It is also not suitable for customers requiring limited or one-off advice. We will take over servicing of an existing portfolio of investments and make necessary recommendations to ensure it is both tax-efficient and consistent with the customer’s tolerance to risk and requirement for future returns. Once we have provided our advice, and we have received instructions on how the customer wishes to proceed, we will then arrange for the agreed transactions to be carried out. Where you have asked us to provide continuing oversight, we will also: • Forward any relevant communications received from product providers from whom you have transferred servicing rights responsibilities to us. • Monitor any changes in legislation, tax allowance, product terms and product provider status and notify you where these impact on those objectives, attitude to risk and personal circumstances you have notified to us. • Undertake a formal review of our original advice and recommendations at intervals of twelve months. • Calculate and provide you with a valuation of your investments at quarterly intervals. • Advise you on rebalancing your investments and review the suitability of each investment in your portfolio at six monthly intervals. How much does this service cost? • To take over any existing investments, prepare our advice and carry out any initial transactions: Value of investments Charge rate £1 - £50,000 £600 £50,001 - £100,000 £831 £100,001 - £150,000 £1,063 £150,001 - £200,000 £1,294 Page 21 of 34 General Disclosure Document 23/3/2022
Page 1 and 2: General Disclosure Document About u
Page 3 and 4: Purpose of this document Financial
Page 5 and 6: Where are we based? Our offices are
Page 7 and 8: To reach us by rail ‣ Arriva Trai
Page 9 and 10: Our approach to advice We believe i
Page 11 and 12: What financial matters do we advise
Page 13 and 14: • The costs and charges you will
Page 15 and 16: Where we provide services to you as
Page 17 and 18: Those sources with whom we will sha
Page 19: How we are paid Before we agree to
Page 23 and 24: Our customer proposition for ‘Sin
Page 25 and 26: Our customer proposition for ‘Pen
Page 27 and 28: Our customer proposition for ‘Pen
Page 29 and 30: As an example - Let us say you have
Page 31 and 32: How much does it cost? Value of est
Page 33 and 34: How much does it cost? Value of est

2022-03-22 GDD

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?