Ongoing Management Service Clause Samples

Ongoing Management Service. Your financial objectives may change over time due to changes in your lifestyle or circumstances. We believe it is essential to ensure that your portfolio continues to meet your lifestyle and investment objectives. Our ongoing review and management service offers a range of services which are detailed below but include: • Reviews to give you peace of mind • Assessment of your current circumstances and any changes to your plans that are needed • Ongoing support with correspondence and administration issues We recognise that all clients do not have the same service requirements therefore even though we do provide a guideline by way of our bandings you are free to choose the level of service that best suits your needs. Our charges are guaranteed not to increase within the first 12 months of your contract with us. Should we need to increase our charges after this period, you will be given notice of this fact and the opportunity to decide whether to continue with the revised level of charges. It should be noted that it is not compulsory for you to sign up to one of our services and we do offer a transactional only service which is free of charge but does provide limited characteristics. The charges for this aspect of the service are detailed below We provide you with an initial consultation free of charge. This helps us to understand your financial objectives and will confirm how we can support you in working towards these. We will also discuss the cost and levels of our services both initially and throughout our relationship with you. We charge for Policy arrangement and implementation as well for ongoing reviews and changes to existing investments. We charge our services by way of a fee. These fees are based on a percentage of the amount you invest and/or transfer subject to a minimum charge and a maximum cap. The fee is paid on a marginal basis as described below. This fee can be paid either directly by you or deducted from your investment. Transferring a Final Salary scheme is much more complex than transferring or reviewing a Personal Pension Plan and as such involves more time to transact, so we charge more for Final Salary than we do Personal Pension. These typical charges for Policy arrangement and implementation are applied as follows: Minimum Fee £495 (No further Initial Fees) No Minimum £1,695 £1,695 £1,695* First £50,000 N/A 3% 4% 5% 3% Next £50,000 N/A 3% 2% 3% 2% Remaining Funds N/A 0% 1% 2% 1%