Ongoing Service. Agent shall service Employers, Employees, and individuals enrolled in QHPs when Agent is the Agent of Record. Such service will include, but not be limited to, the following:
Ongoing Service. In order to meet your long-term goals, you should regularly review your plans and situation and make changes accordingly. Therefore, we would normally recommend that you sign up for our ongoing service for this financial planning service to be effective. However, this is not compulsory. If you do not want any ongoing service, we will not charge an ongoing fee and we will not be responsible for reviewing performance or providing you with valuations. We offer three levels of service: Standard If you have relatively simple requirements, for example if you made a lump sum investment of less than £150,000, then we offer a more basic level of ongoing service. The service will consist of the following: • Annual valuations • Access to a Financial Planner by telephone or email • Meetings on request, but subject to a fee • Autumn Budget update
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.
Ongoing Service. Please note that any products we have arranged for you will only be kept under review as part of an ongoing service for which you agree to pay. Any ongoing service and the associated costs will be agreed with you in writing. We may contact you in the future by means of an unsolicited promotion (by post or email) should we wish to discuss the merits of a particular product or service which we feel may be of interest to you. RISK WARNINGS Please be aware that investments can fall as well as rise, and that you may not get back the full amount invested. The price of investments we may recommend may depend on fluctuations in the financial markets, or other economic factors which are outside our control. Past performance is not necessarily a guide to future performance. Specific warnings relevant to the investments, investment strategies or other products we recommend will be confirmed to you in your suitability report. Neither Xxxxxxx Xxxxxx & Co nor its employees are qualified to render legal or accounting advice, or to prepare any legal or accounting documents. It is hereby understood and agreed that the onus is on you the client to refer to a solicitor or accountant any point of law or accountancy that may arise during the course of discussions with us. CLIENT MONEY Xxxxxxx Xxxxxx & Co is not permitted to handle client money and we cannot accept a cheque made out to us (unless it is in respect of an item for which we have sent you an invoice) or handle cash.
Ongoing Service. If you decide to become a “Family Client” and are accepted by GSI Wealth Management Ltd, you will be charged an ongoing fee as noted in either your Plan or subsequent letters. Payment Basis – Implementation fees will be notified to you in the Fee Schedule of your Plan and any subsequent letters. Fees are payable upon receipt of our invoice. The date of receipt is deemed to be three days following posting. VAT will be added where there is no exemption. Once payment has been made, no refund will be made should you suspend or cease implementation. We reserve the right to apply fees should we be required to provide information to third parties, such as solicitors, accountants or banks. Fees may be payable in connection with any additional work required to assist the executors to obtain probate. This can include providing valuations of investments, dealing with death claims for life assurance plans or pension plans, and other such plans. Where fees become chargeable this will be calculated at a rate pf £247 plus VAT per hour or part thereof. It is possible that other costs including taxes related to transactions in connection with the products we recommend, and which are not imposed by us, may arise. Investment and Ongoing Fees - The amount of fees we charge depends on the work we undertake on your behalf and the level of investment you make. There will be no explicit charge for investment switching. A tiered fee structure is charged. 2% of the sum of money invested up to £250,000; 1% charged for the next tier £250,001 - £500,000; 0% charged thereafter. This caps the initial fee at £7,500. The ongoing adviser fee will be 1% per annum which will be deducted from the WRAP account. For a ‘Final Salary Scheme Transfer’, also known as ‘Defined Benefit Schemes’, a flat fee of £970 plus VAT and a variable fee of 3% is payable upfront and non-refundable. Plan Implementation – You will be advised of the exact cost of your recommended scope of services in the report you will be provided. An example of our fee structure is set here: Initial Charge (%) Initial Charge (Cash) Annual Charge (%) Annual Charge (Cash) Total (Cash) £100,000 invst 2% £2,000.00 1% £1,000.00 £3,000.00 Total £2,000.00 £1,000.00 £3,000.00 £300,000 invst £0 - £250k 2% £5,000.00 1% £2,500.00 £7,500.00 £250k - 500k 1% £500.00 1% £500.00 £1,000.00 Total £5,500.00 £3,000.00 £8,500.00 £650,000 invst £0 - £250k 2% £5,000.00 1% £2,500.00 £7,500.00 £250k - 500k 1% £2,500.00 1% £2,500.00 £5,000.00 £500k+ 0% £0....
Ongoing Service. Agree timetable for regular review meeting every [six months/year] to check that all aspects of arrangements performing as they should and review any issues. • Annual review report to confirm continuing suitability of recommended provider and default funds. • Annual presentation to Employees, discussing the scheme, changes to pension legislation and default fund performance along with general guidance on life styling options. • Provide an update in changes to Auto Enrolment legislation since the last review, the scope of this information is set out in Schedule 2. SCHEDULE 2 – AUTO-ENROLMENT SERVICES This service is aimed at clients who are already subject to Auto Enrolment legislation, so do not require guidance on implementation of the requirements. • Guidance on the various contribution levels/bases that may be used by the Employer, and Employee eligibility terms. • Discussions regarding impact of auto-enrolment obligations, procedures and qualifying scheme requirements if applicable. What you are responsible for: • You must provide us with full access to information concerning any existing pension schemes in place together with appropriate and up to date information regarding your financial circumstance. • Carrying out the appropriate assessment of your workforce. Various tools are available to assist you in this connection. • Establishing and monitoring the appropriate systems and controls to address all scheme management and administration requirements. • Maintaining accurate and complete scheme records safely for future reference. • Introducing a process of continuing monitoring of compliance against all regulatory requirements. • Managing a continuing process to deal with enrolment of all qualifying workers. Assistance may be provided by the pension scheme provider when you submit ongoing Employee data to them. • Monitoring age/earnings continuously to identify where changes may be needed. Again, assistance may be provided by the pension scheme provider in this connection. • Supplying all necessary information to the pension scheme provider to enable all pension contributions to be monitored and controlled. • Processing all opt-in/opt-out requests and arranging for refunds to be paid out where appropriate. • Maintaining accurate and complete scheme records safely for future reference. Completing the appropriate periodic re-registration of the scheme with the Pensions Regulator. • Deciding on which contribution levels/bases are best suited to your bu...
Ongoing Service. Depending on the size and complexity of your portfolio once in place, you may or may not require ongoing management services. It is important to be aware that, in the absence of a specific agreement to provide you with ongoing services, your portfolio and goals will not be monitored unless you contact us to ask for a specific service. Should you wish us to monitor your ongoing position and ensure the advice given remains suitable; we will agree an appropriate service offering? The benefits of agreeing to an ongoing service arrangement will include access to your adviser throughout the term of your agreement. Details of the service that can be tailored to the agreed service proportion (individually confirmed in the adviser report) • Annual review of your pensions and investments. • We will ensure that following completion and analysis of the initial Risk Profile Questionnaire that the investment solution we recommend to you will continue to reflect your chosen Attitude to Risk (ATR), benefiting you by reducing the volatility of your portfolio overtime whilst attempting to maximise the return produced by your portfolio within the parameters of your ATR. • Providing factual information to assist you to make sound financial decisions. • Investment management and rebalancing according to a set asset allocation. • Determining an efficient asset allocation appropriate to your specified risk profile. • Ongoing review of the allocation of cash, bonds, equities and alternative investments in line with your objectives. • Continued monitoring of the investment managers used in the construction of your portfolio. • Managing liquidity requirements for planned or unplanned withdrawals. • Determining and rebasing your risk tolerance. • Dealing with correspondence and administrative issues on your behalf. • Regular contact with you throughout the year as required. • Helping you in minimising the taxation of your investments/pensions – especially in regard to Income Tax, Capital Gains Tax and Inheritance Tax. • Recommending that you have up-to-date xxxxx in place and have considered Powers of Attorney. • Advising on how your estate can be distributed in the most tax-efficient way possible. • Simplifying all administration by operating on one platform, if appropriate. • Keeping investment costs to a minimum by operating on one platform, if appropriate. • Providing a summary valuation of your investment annually. • Continual focus on what you most want to get out of your life...
Ongoing Service. Servicing categories Full Limited Ongoing Administration and Document Processing 🗸 🗸 Issue Annual Reports with Recommendations 🗸 Issue Annual Summary 🗸 🗸 Unlimited Phone and/or Email Support 🗸 Option of two Face to Face Review Meetings Per Year 🗸 Telephone Review Meeting Yearly 🗸 We believe an important part of good financial planning is our ongoing review service to ensure your plans stay relevant to you, your circumstances and any legislative changes that have happened since our last review. Our clients appreciate the long-term relationships we build with them in this way. In particular, it is essential to review your investments and pensions at least annually so they are kept up to date and remain in line with your risk profile.
Ongoing Service. Client Service Deduction from policy or direct payment. Premier Service Deduction from policy or direct payment. Pure Protection Advice relating to protection planning. Pay by commission Y / N Date of issue Client name(s) Client signature(s)
Ongoing Service. Agent shall service Employers and Employees when functioning as the Agent of Record. Such service will include, but not be limited to, the following:
