Advice Fees Sample Clauses
The Advice Fees clause defines the terms under which fees are charged for professional advice or consulting services provided under the agreement. It typically outlines the fee structure, such as hourly rates, fixed fees, or retainer arrangements, and may specify when and how payments are to be made. This clause ensures both parties have a clear understanding of the costs associated with advisory services, helping to prevent disputes over billing and payment expectations.
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Netwealth if the Client withdraws or varies that direction or authorisation or if that direction or authorisation is no longer valid for any reason.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. NW-R-ARA_0418 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. 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 to the Client before the Underlying Product is acquired and You agree that Netwealth may rely on that representation when acquiring the Underlying Product. You ackn...
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. 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 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. 2.1 Advice fee rules The Trustee seeks to support the provision of external financial advice by enabling the deduction of financial advice fees from members’ accounts. Members can authorise one advice fee per annum (rolling 12 month period) which must be the lower of 3% of their account balance or $5,500 inclusive of GST. On a case by case basis, the Trustee may approve the ability to charge advice fees from multiple accounts. The minimum account balance before any advice fee can be paid is $10,000 for Super accounts and $50,000 for Income Stream Accounts. A valid Advice Fee deduction form is required for each advice fee payment. The advice fee deduction must satisfy the sole purpose test. Therefore, the advice fee deducted from the HESTA account must be attributable to ‘particular actual or intended HESTA superannuation investments.’ If advice is provided on a broad range of topics that includes superannuation investments, only a portion of the fee may be able to be met from a member’s HESTA account. The Trustee reserves the right to request a Statement of Advice or Record of Advice relating to any past or proposed advice fee deduction and to withhold any Adviser Service Fees (or seek refund of a fee already paid) to the extent it forms the reasonable view that the Statement of Advice or Record of Advice does not relate to a matter that would allow the Trustee to action the deduction of Adviser Service Fees under the relevant law. The Trustee reserves the right to reject an advice fee instruction if it suspects that the Sole Purpose test or other relevant law has not been satisfied or the AFS Licensee does not provide documentation upon request. The Trustee will collect and where required retain documentation in accordance with its Privacy Policy, the Privacy Act 1988 and other applicable privacy laws.
2.2 Advice fee payments to an AFS Licensee The Trustee requires an AFS Licensee to complete this Licensee Agreement to facilitate the payment of advice fee requests made by the AFS Licensee’s Financial Advisers. All advice fees are to be paid to the AFS Licensee’s registered bank account. The Trustee will process an advice fee deduction request within 5 business days of the request being approved and a confirmation letter will be sent to the Adviser and member. The Trustee pays the AFS Licensee monthly and the AFS Licensee will receive a fee reconciliation report within 2 business days of the Trustee processing the monthly fee payments.
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. If a Client directs/authorises Netwealth to pay an Advice Fee:
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.
(B) The fee shall be paid by the Participant at the time the Participant elects Advice. The Plan Sponsor hereby authorizes and directs Recordkeeper to deduct the fees from Participant accounts and to remit the Adviser’s portion of such fees to Adviser.
(C) Adviser will only receive compensation for its Advice services under this Agreement in the form of a fixed annual fee as discussed in the Other Fees section of Adviser’s ADV Part 2. If Adviser receives any other compensation for such services, Adviser will (i) offset that compensation against stated fees and (ii) will disclose for such compensation; the amount, the services rendered and the payer, to Plan Sponsor.