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Address: Unit 4, Croft Court, Croft Lane, Temple Grafton, Alcester, B49 6PW
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Telephone: 01789 774039
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Fax: 01789 881111
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Charging Structure: You will pay for our services on the basis of a fee, commission or combination of fee and commission. We will discuss your payment options with you and answer any questions you have. We will not charge you until we have agreed with you how we are to be paid. A description of each of these options is set out below.
Paying by a combination of Fee and Commission (through product charges)
If we agree this option, the charges will be taken as a combination of fees and commission received. The actual amounts will depend on the service provided to you, but will be in line with the arrangements set out in the sections below headed &£8220;Paying by Fee&£8221; and &£8220;Paying by Commission&£8221; (through Product Charges).
Paying by Fee
If we agree this option, whether you buy a product or not, you will pay us a fee for our advice and services. This will become payable on the completion of our work, or at agreed stages. If we also receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee, or reduce your product charges, or increase your investment amount, or refund the commission to you.
The manner in which we charge the fees will depend on the nature of the work undertaken. For work that doesn&£8217;t involve the investment of a lump sum, we may charge you an hourly rate to cover our costs. Alternatively we may agree a fixed fee before we start the work. Typically the hourly rate will be &£163;175.00 per hour, but we will confirm the exact rate with you before we begin our work.
When our work involves investing a lump sum of money, our typical charges are:
&£8226; 3% of the sum invested.
&£8226; 0.75% of the fund value each year. We may agree this where you require your plan to be regularly reviewed. This is typically to ensure that changes to the original investment can be made where necessary, and to ensure a continued match to your attitude to risk (which is likely to change with time).
When we agree a fee with you, the actual amount or the basis of the calculation will be detailed in the Fee Agreement. This is a document that spells out clearly what the fee charged will be. If you agree to the terms, you will need to sign the Fee Agreement document to confirm that you are happy for the work to proceed.
You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first. We will also tell you if you have to pay VAT.
Paying by Commission (through product charges)
If you buy a financial product, we will normally receive commission from the product provider. Although you pay nothing to us up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the provider&£8217;s own costs and any commission. These charges could reduce the amount left for Investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. However, should work be undertaken which results in no commission being generated, then a Fee will apply based on the hourly rate detailed above.
The commission paid will depend on the type of product, the amount invested and how long the investment is intended to last. For absolute clarity on how much commission will be paid, please see the illustration you will be provided with under Financial Services Authority rules, for the product being recommended. All illustrations are designed to provide full and accurate disclosure on commission, as well as the charging structures applied within the various investments. This will be provided to you in good time, before you complete an application form.
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Business Areas: EIS, Ethical investments, Group Pensions, Group Protection, ISAs, Investment Bonds, Life Assurance, Longterm care, Offshore investments, Personal Pensions, Personal Protection, Retirement Planning, SIPP, Structured Products, Tax Efficient Investments, Unit Trusts, VCT
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Financial Qualifications: AFPC
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