Ongoing charges once your financial plan is in place it is important to keep it under review, so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Our initial advice Fee covers the following: ▪ All of our initial meetings ▪ Fact finding process ▪ Risk profiling ▪ Strategic advice ▪ Arranging and implementing your financial solution Stage 4: Recommendation meeting At our cost* Stage 5: Implementing your Investment Payment due on set up of product – Please see overleaf for details of example charges. Stage 6: On-going monitoring of your investments, 6- monthly valuation, annual review Your investments will be sold down to pay for this either monthly, quarterly, six monthly or annually: 0.75% or 1% of investment value. You will also be eligible for a discount on any future initial advice fees. *The cost is incorporated within the initial fee, which is payable only if you proceed with our recommendations. Investments and Pensions Lump sums (new monies(gross)); Annuity Purchases 3% for investments up to £100,000 2% for amounts between £100,000 to £200,000 1% for any amount above £200,000 (subject to a minimum fee of £750 and maximum fee of £20,000) Here is an example of how our charges could apply: If you invested £100,000, you would incur a fee of £3,000 i.e.: £100,000 x 3% = £3,000 - Total Fee £3,000 Regular Contributions (new plans and top-ups) – pensions and investments (Year 1 only) 20% of the annual gross investment with a minimum charge of £750 for new clients. Here is an example to show how this could work based on a £350 (gross) per month policy: • Each month you pay your product premium £350 but for the first 12 months, your product provider pays us £70 of that £350. • Therefore, the total initial charge for our service is £840 • For the first 12 months - £280 per month is invested / £70 pays our charge. For existing clients, the gross annual amount will be charged based on the cumulative basis as detailed under the ‘Investment and Pensions’ section above. Drawdown and Transfers from Defined Contribution Pension Schemes 4.5% for investments up to £50,000 A further 3% for an amount between £50,000 and £100,000 A further 2% for an amount between £100,000 and £200,000 A further 1% for any amount above £200,000 (subject to a minimum fee of £750 and maximum fee of £20,000) Here is an example of how our charges could apply: If you invested £100,000 from a defined contribution scheme, you would incur a fee of £3,...
Ongoing charges once your financial plan is in place it is important to keep the underlying investments under review so these can be adapted, where necessary. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and xxxxx) will be agreed with you before we do any work and we’ll explain your payment options too. We’ll also let you know where any fees are subject to VAT. Initial charges
Ongoing charges. Depending on asset volume (individual charge) Administration, investment decision, risk management, and distribution
Ongoing charges. Once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. You can pay for our advised services on the basis of adviser charging, fees or a combination of the two. Regardless of whether you buy a product, you will pay us a fee for our advice and services, which will become payable either on completion of the service provided or at specific stages where relevant. Our standard fees relating to new work (e.g., client take-on, new investments and one-off reviews) are as follows: Service description Charges
Ongoing charges once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Any products we have arranged for you will only be kept under review as part of an ongoing service for which you have agreed to pay. Our ongoing services are optional, however where you agree to purchase an ongoing service, unless otherwise agreed, this will be provided as a follow up to the initial service. Our charges for ongoing services (if taken up) will commence immediately alongside our initial charge, and are typically payable on a monthly basis. Our charges are payable within 30-days of the end of the relevant period. Alternatively, you may request that we charge you on an hourly rate basis for our services. It is important to note that TR Wealth Limited will charge at prevailing hourly rates of each of the members of staff involved in the advice process for any work we undertake for you, unless it has been accounted for in a service agreement. The costs for all our services are based on these rates, and where applicable, estimates of how many hours we expect the work to take (please refer to the ‘Hourly Rates’ section of this client agreement for details). By charging on this basis, we are able to be truly transparent and demonstrate to clients how these costs are disseminated in order to provide the services we offer. TR Wealth Limited can also be remunerated by way of charging you based on a percentage (%) of funds to be invested/under management if you prefer. The % will be the equivalent of the monetary amount estimated to provide the chosen level of service (as evidenced in the examples below). Any advice or recommendation that we offer will only be given after we have assessed your needs and considered your financial objectives and attitude to any risks that may be involved. We will also take into account any restrictions that you wish to place on the type of products you would be willing to consider. In some circumstances we may provide you with a non-advised service where you will not receive advice or a recommendation from us. Please refer to our “Non-Advised Service” client agreement for more information on this service. The services that you select and the charges for those services will be confirmed in the ‘Fee Agreement & Service Engagement’ form. We agree to provide the services selected, and you agree to pay us for those services. We will also...
Ongoing charges. (a) Subject to clause 4.5(b), in addition to the other charges described under clauses 4.1, 4.2 and 4.3, Flow Power may charge the Customer, and the Customer must pay, Energy Charges for or in respect of electricity supplied to the Premises after the End Date (if specified) or any date on which this agreement terminates, but on the basis that the Electricity Price for the Premises for each Trading Interval is the Spot Price for that Trading Interval plus the absolute value of 20% of that Spot Price, if by then a new agreement has not been entered into or financial responsibility to AEMO for the Premises has not transferred from Flow Power to another retailer.
(b) If the Electricity Price for the Premises for a Trading Interval under clause 4.5(a) is negative, then no Energy Charge for the Premises is payable by the Customer for that Trading Interval and instead Flow Power must incorporate a credit for the relevant negative amount in the Customer's bill.
Ongoing charges. Acquisition and maintenance charges related to the variable annuity contract will be charged as follows:
Ongoing charges. Acquisition and maintenance charges related to the variable annuity contract will be charged as follows: VARIABLE CHARGES AND FEES ANNUITY -------- Acquisition charge per application $108 Annual maintenance fee per policy $53 ACQUISITION CHARGES AND MAINTENANCE FEES Acquisition charges apply to new applications. The maintenance fee is charged quarterly on the number of policies in force each quarter. The number of policies in force each quarter will be equal to half of the sum of the number of policies in force at the end of the prior quarter and the number in force on the last day of the current quarter. MAXIMUM ANNUAL ACQUISITION CHARGES AND MAINTENANCE FEES If the Company issues at least the cumulative number of policies, as shown in the following table, by the end of each of the first five calendar years of this Agreement, then the annual per application acquisition charge and per policy maintenance fee charged effective January 1 of the following year will not be greater than charge and the fee shown in the table below. The policy count would apply on a cumulative basis. YEAR CUMULATIVE NO. OF POLICIES MAXIMUM ANNUAL MAXIMUM ANNUAL ISSUED ACQUISITION CHARGE MAINTENANCE FEE 2000 457 $105 $50 2001 1,656 $101 $46 2002 3,670 $98 $43 2003 6,314 $95 $40 2004 9,090 $95 $37 Charges and fees in this section are based on 1998 experience. Subject to the Company qualifying for a cap on the maximum acquisition charge and/or annual maintenance fee based on the number of policies issued each year, as shown above, charges and fees will be adjusted annually, on April 1. If the Company does not meet the requirements regarding the number of policies issued, as shown above, the maintenance fee will be based on actual results for the year ended the previous December 31. If new charges and fees are not mutually agreed to in writing within ninety (90) days after the announcement of the new charges and fees, the parties agree to resolve any dispute about the new charges and fees by arbitration pursuant to section 5.8 of this Agreement. After the Initial Term of this Agreement, if new charges and fees are not mutually agreed to in writing within ninety (90) days after the date of announcement of the new charges and fees, this Agreement will terminate. SERVICES PROVIDED These initial charges and fees are based on the cost of providing the services described in Schedule B.
Ongoing charges. In addition to our implementation fee, there will be a charge to cover the cost of ongoing service and advice via the platform. This will be collected monthly at a rate of 0.035% of the value of your fund. For example, if your fund was valued at £30,000 the charge would be £10.50 (equivalent to 0.42% pa)
Ongoing charges. Our ongoing services are optional. If you agree to purchase an ongoing service, unless otherwise agreed, the service will be provided as a follow up to the initial service.
