Common use of Advisory Service Clause in Contracts

Advisory Service. 8.1 In providing our services under this Agreement, for the purposes of Regulatory Requirements, we will treat you as a Retail Client unless we agree with you otherwise. Categorisation as a Retail Client affords you the highest degree of consumer protection under the Regulatory Requirements. However this does not mean that you will automatically be eligible to bring a claim under any investor compensation schemes or ombudsman service available. 8.2 As a retail client, you may have the right to elect to be re-categorised as a professional client (referred to as opting up). This right is available to private individual investors and other retail clients. We can only opt you up if certain criteria are met and certain procedures are followed. We must carry out an adequate assessment of your expertise, experience and knowledge to satisfy ourselves that you are capable of making investment decisions and understanding the risks involved. Professional clients typically have greater knowledge and experience of investing in financial markets and a higher appetite for risk and are given a lesser degree of consumer protection under Regulatory Requirements. 8.3 We will only accept a request to opt-up if we are permitted to do in accordance with the criteria in Regulatory Requirements (which require us to review your financial situation and your ability to bear the risk of a lesser degree of consumer protection). 8.4 We will consider any request on a case-by-case basis against the criteria set out in Regulatory Requirements. We will inform you of any limitations that such a re-categorisation will entail, together with the scope of that re-classification. If, following such a request, you are categorised as a professional client, you must keep us informed of any change in your financial circumstances which may affect your categorisation as a professional client. We will provide you with further details about the kind of information which may be relevant to your categorisation and which you will need to provide to us. 8.5 If we notify you that we will treat you as a professional client, you may request to be treated as a retail client either generally or in relation to one or more particular services or in relation to one or more transaction or product, but that may mean terminating the account you have with us. a) We will evaluate your financial situation, investment objectives, risk profile, capacity for loss and knowledge and experience based on the information you provided, and we will advise you in relation to investment opportunities taking these into account. You should tell us if your financial situation, investment objectives, risk profile or knowledge and experience changes and until such time as you do, we shall be entitled to rely on the most recent information which we hold where it is reasonable for us to do so. b) In accordance with the FCA Rules and in order to be able to act in your best interests, we will assess which of our portfolios are suitable for you. We will provide you with a recommendation that includes an outline of the type of portfolio most suitable to you based on your investment objectives, attitude to risk, capacity for risk, financial situation, knowledge and experience and time horizon. c) Our fund managers monitor and review our model portfolios with an automated suitability review. d) When you make changes to your account that affect your portfolio choice, we will review your actions and may contact you to discuss the decision to ensure your portfolio remains suitable for you. a) In accordance with the FCA Rules and to enable us to act in your best interests, where we have agreed to provide you with a discretionary investment management service we will assess the suitability of any discretionary management decision which we make, to ensure the portfolio remains suitable for you. b) This means that we will assess whether investment in the portfolio; I. meets your investment objectives and risk profile; II. is such that you are able to financially to bear any related investment risk consistent with your investment objectives and risk profile; and, III. is such that you have the necessary knowledge and experience to understand the risks involved with the transaction or with the management of your portfolio (as the case may be). c) Unless we agree otherwise with you in writing, we will assess suitability primarily by reference to the suitability of the composition of your portfolio as a whole. This means that our portfolio may contain a number of different investments with different risk profiles which may have a higher (or lower) risk profile than the risk profile of the portfolio as a whole. d) So that we can assess the suitability of portfolios, we will ask you to provide us with information regarding your knowledge and experience of the investments in question, your investment objectives (including the level of risk you are prepared to take) and your financial situation, including your ability to bear losses. This information will be contained in risk profiling documents that you complete, client records that we hold on you as well as information that you provide to us. e) It is important that the information you provide to us is accurate and up to date. You should inform us immediately of any changes to your circumstances which may be relevant or changes to the information you have provided to us with. If you do not inform us otherwise we are entitled to rely on the information you have given to us.

Advisory Service. 8.1 In providing our services under this Agreement, for the purposes of Regulatory Requirements, we will treat you as a Retail Client unless we agree with you otherwise. Categorisation as a Retail Client affords you the highest degree of consumer protection under the Regulatory Requirements. However this does not mean that you will automatically be eligible to bring a claim under any investor compensation schemes or ombudsman service available. 8.2 As a retail client, you may have the right to elect to be re-categorised as a professional client (referred to as opting up). This right is available to private individual investors and other retail clients. We can only opt you up if certain criteria are met and certain procedures are followed. We must carry out an adequate assessment of your expertise, experience and knowledge to satisfy ourselves that you are capable of making investment decisions and understanding the risks involved. Professional clients typically have greater knowledge and experience of investing in financial markets and a higher appetite for risk risk, and are given a lesser degree of consumer protection under Regulatory Requirements. 8.3 We will only accept a request to opt-up if we are permitted to do in accordance with the criteria in Regulatory Requirements (which require us to review your financial situation and your ability to bear the risk of a lesser degree of consumer protection). 8.4 We will consider any request on a case-by-case basis against the criteria set out in Regulatory Requirements. We will inform you of any limitations that such a re-categorisation will entail, together with the scope of that re-classification. If, following such a request, you are categorised as a professional client, you must keep us informed of any change in your financial circumstances which may affect your categorisation as a professional client. We will provide you with further details about the kind of information which may be relevant to your categorisation and which you will need to provide to us. 8.5 If we notify you that we will treat you as a professional client, you may request to be treated as a retail client either generally or in relation to one or more particular services or in relation to one or more transaction or product, but that may mean terminating the account you have with us. a) We will evaluate your financial situation, investment objectives, risk profile, capacity for loss and knowledge and experience based on the information you provided, and we will advise you in relation to investment opportunities taking these into account. You should tell us if your financial situation, investment objectives, risk profile or knowledge and experience changes and until such time as you do, we shall be entitled to rely on the most recent information which we hold where it is reasonable for us to do so. b) In accordance with the FCA Rules and in order to be able to act in your best interests, we will assess which of our portfolios are suitable for you. We will provide you with a recommendation that includes an outline of the type of portfolio most suitable to you based on your investment objectives, attitude to risk, capacity for risk, financial situation, knowledge and experience and time horizon. c) Our fund managers monitor and review our model portfolios with an automated suitability review. d) When you make changes to your account that affect your portfolio Portfolio choice, we will review your actions and may contact you to discuss the decision to ensure your portfolio Portfolio remains suitable for you. a) In accordance with the FCA Rules and to enable us to act in your best interests, where we have agreed to provide you with a discretionary investment management service we will assess the suitability of any discretionary management decision which we make, to ensure the portfolio Portfolio remains suitable for you. b) This means that we will assess whether investment in the portfolio; I. meets your investment objectives and risk profile; ; II. is such that you are able to financially to bear any related investment risk consistent with your investment objectives and risk profile; and, III. is such that you have the necessary knowledge and experience to understand the risks involved with the transaction or with the management of your portfolio (as the case may be). c) Unless we agree otherwise with you in writing, we will assess suitability primarily by reference to the suitability of the composition of your portfolio as a whole. This means that our portfolio may contain a number of different investments with different risk profiles which may have a higher (or lower) risk profile than the risk profile of the portfolio as a whole. d) So that we can assess the suitability of portfoliosPortfolios, we will ask you to provide us with information regarding your knowledge and experience of the investments in question, your investment objectives (including the level of risk you are prepared to take) and your financial situation, including your ability to bear losses. This information will be contained in risk profiling documents that you complete, client records that we hold on you as well as information that you provide to us. e) It is important that the information you provide to us is accurate and up to date. You should inform us immediately of any changes to your circumstances which may be relevant or changes to the information you have provided to us with. If you do not inform us otherwise we are entitled to rely on the information you have given to us.

Advisory Service. 8.1 In providing our services under this Agreement, for the purposes of Regulatory Requirements, we will treat you as a Retail Client unless we agree with you otherwise. Categorisation as a Retail Client affords affords you the highest degree of consumer protection under the Regulatory Requirements. However this does not mean that you will automatically be eligible to bring a claim under any investor compensation schemes or ombudsman service available. 8.2 As a retail client, you may have the right to elect to be re-categorised as a professional client (referred to as opting up). This right is available to private individual investors and other retail clients. We can only opt you up if certain criteria are met and certain procedures are followed. We must carry out an adequate assessment of your expertise, experience and knowledge to satisfy ourselves that you are capable of making investment decisions and understanding the risks involved. Professional clients typically have greater knowledge and experience of investing in financial markets and a higher appetite for risk and are given a lesser degree of consumer protection under Regulatory Requirements. 8.3 We will only accept a request to opt-up if we are permitted to do in accordance with the criteria in Regulatory Requirements (which require us to review your financial situation and your ability to bear the risk of a lesser degree of consumer protection). 8.4 We will consider any request on a case-by-case basis against the criteria set out in Regulatory Requirements. We will inform you of any limitations that such a re-categorisation will entail, together with the scope of that re-classification. If, following such a request, you are categorised as a professional client, you must keep us informed of any change in your financial circumstances which may affect affect your categorisation as a professional client. We will provide you with further details about the kind of information which may be relevant to your categorisation and which you will need to provide to us. 8.5 If we notify you that we will treat you as a professional client, you may request to be treated as a retail client either generally or in relation to one or more particular services or in relation to one or more transaction or product, but that may mean terminating the account you have with us. a) We will evaluate your financial situation, investment objectives, risk profile, capacity for loss and knowledge and experience based on the information you provided, and we will advise you in relation to investment opportunities taking these into account. You should tell us if your financial situation, investment objectives, risk profile or knowledge and experience changes and until such time as you do, we shall be entitled to rely on the most recent information which we hold where it is reasonable for us to do so. b) In accordance with the FCA Rules and in order to be able to act in your best interests, we will assess which of our portfolios are suitable for you. We will provide you with a recommendation that includes an outline of the type of portfolio most suitable to you based on your investment objectives, attitude to risk, capacity for risk, financial situation, knowledge and experience and time horizon. c) Our fund managers monitor and review our model portfolios with an automated suitability review. d) When you make changes to your account that affect affect your portfolio choice, we will review your actions and may contact you to discuss the decision to ensure your portfolio remains suitable for you. a) In accordance with the FCA Rules and to enable us to act in your best interests, where we have agreed to provide you with a discretionary investment management service we will assess the suitability of any discretionary management decision which we make, to ensure the portfolio remains suitable for you. b) This means that we will assess whether investment in the portfolio; I. meets your investment objectives and risk profile; II. is such that you are able to financially to bear any related investment risk consistent with your investment objectives and risk profile; and, III. is such that you have the necessary knowledge and experience to understand the risks involved with the transaction or with the management of your portfolio (as the case may be). c) Unless we agree otherwise with you in writing, we will assess suitability primarily by reference to the suitability of the composition of your portfolio as a whole. This means that our portfolio may contain a number of different different investments with different different risk profiles which may have a higher (or lower) risk profile than the risk profile of the portfolio as a whole. d) So that we can assess the suitability of portfolios, we will ask you to provide us with information regarding your knowledge and experience of the investments in question, your investment objectives (including the level of risk you are prepared to take) and your financial situation, including your ability to bear losses. This information will be contained in risk profiling documents that you complete, client records that we hold on you as well as information that you provide to us. e) It is important that the information you provide to us is accurate and up to date. You should inform us immediately of any changes to your circumstances which may be relevant or changes to the information you have provided to us with. If you do not inform us otherwise we are entitled to rely on the information you have given to us.