My Local Adviser – local IFA, mortgage, insurance and investment advice in Warwickshire

Charging Structure: Before we discuss any of your financial circumstances we will send you our 'Terms Of Business' and a comprehensive disclosure document explaining exactly how we are remunerated for the areas of advice we offer. You will pay us for our services on the basis of Fees 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 will be paid. The fee element of what we charge will be an agreed amount based on the rates given in the Paying by Fee section below. We will also receive a commission payment as detailed in the Paying by Commission section below. The exact amount of commission will be confirmed in the illustration you receive from the Product Provider. Paying by Fee You may want to have ongoing advice from us if we recommend a pension or investment product for you. Many customers like to have an annual review to check that their investments will remain suitable for their needs. Rather than paying us a separate fee for this service, we may charge an annual fee (often called a Trail Fee) which will be taken directly from your investment. Effectively this fee would be an Annual Commission. In the Paying by Commission section below, we have provided a typical set of figures to show how Commission will be payable if part is taken immediately, and part paid yearly. We have clearly laid out how much this would typically be. Paying by Commission (through product charges) If you buy a financial product, we will normally receive commission on the sale 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 providers 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. 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 the application form. Here are some examples of the typical amount of commission which would be received for several classes of investment. If you invest £7200 into an Equity ISA, the amount of commission we would receive would be £270 immediately and £36 each year thereafter. If you invest £10,000 into an Investment Bond, the amount of commission we would receive would be £475 immediately and £50 each year thereafter. If you pay £80 net a month (which is £100 gross) into a Personal Pension with a term of 25 years, the amount of commission we would receive would be £674.92 immediately and £30 each year thereafter. If you invest a lump sum of £10,000 into a Self Invested Personal Pension, the amount of commission we would receive would be £550 immediately and £50 each year. The commission amounts cover the costs of us recommending a suitable investment product and liaising with the product provider to set the plan up on your behalf. The amounts paid yearly are to provide you with continuing service and advice, where we have agreed you would like this level of service. Paying by a combination of fees and commission We will charge you a combination of fees and commission. The actual amounts will depend on the service provided to you, but will be in line with the arrangements set out in the sections headed Paying by Fee and Paying by Commission (through product charges).