PAYING FOR SERVICES Clause Samples
The "Paying for Services" clause defines the obligations and procedures for compensating a party for services rendered under an agreement. It typically outlines the payment terms, such as the amount, schedule, method of payment, and any invoicing requirements. For example, it may specify that payments are due within 30 days of receiving an invoice or that certain milestones must be met before payment is released. This clause ensures both parties have a clear understanding of when and how payments will be made, reducing the risk of disputes and providing financial predictability.
PAYING FOR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the engagement letter we will issue before providing any advisory services. We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our fees are based on the time required to provide advice and service to you, and the level of expertise and responsibility involved. Our specific fees will be stated in the engagement letter we will send to you. Our typical charges are: Advice – Our project fees for advice on a specific area range from £250 to £1,995 depending on the work involved and level of complexity. This fee will be confirmed in writing and will be invoiced to you once we have delivered our advice to your satisfaction. Alternatively, in some instances we may be able to take this fee from any product we arrange on your behalf. Implementation of new investments and/or arrangements – If you would like us to set up an investment and/ or other arrangement following our advice, our fees are as follows: Between 0.5% and 2% (subject to a maximum of £5,000) As an example, we would charge an implementation fee of £1,000 on an investment of £50,000 and £1,500 on an investment of £150,000. If our advice does not result in a recommendation to arrange any financial product you will only pay our agreed advice fee. In addition, if you wish to arrange any subsequent arrangement yourself we are more than happy for you to do so. We do not charge for the arrangement of direct offer investments. Review and ongoing service – In order to provide you with ongoing advice and support we charge between 0.25% and 1% per annum of the value of the assets under our advice, paid monthly either by standing order or by deduction from your investment / pension where permitted. The precise fees are dependent on the level of funds held with us and will be confirmed in writing in your engagement letter. We offer three different levels of ongoing service, depending on your needs. Please see table below for details of our minimum fees for these services: Service Proposition Minimum equivalent monthly fee IQ Premier £100 per month Financial Planning £50 per month Financial Advice None Direct offer investments are charged at 0.5% per annum with no minimum annual fee.
PAYING FOR SERVICES. 2.1. The Confirmation Total: You agree to be invoiced in British Pounds “GBP” and to pay in GBP for the total amount set out in the Booking Summary (“Confirmation Total”) and as invoiced by us and payable in accordance with these Terms and Conditions. We acknowledge that this amount shall include all applicable taxes, duties, levies and charges at the prevailing rate.
PAYING FOR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you have. We will not charge you anything until you have agreed how we are to be paid. We have listed below the options available to you. We will confirm the rate we will charge in writing before beginning work and we will tell you if you have to pay VAT. You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first.
PAYING FOR SERVICES. Not all firms charge for advice the same way. We will discuss your payment options with you and answer any questions you may have. We will not charge you anything until you have agreed how we are paid. We have outlined the basis of our charging structure below dependent on the work that we carry out for you. In some cases we operate on a time cost basis and others on a contingent basis. Either way we will write to confirm the method of charging prior to commencing our work. If we elect to charge on a percentage of Funds Invested Rate, the typical charges would be as follows: Investments up to £150,000 Fee for initial work and implementation is 3% Then from £150,001 to £500,000 Fee for initial work and implementation is 2% Then from £500,001 to £750,000 Fee for initial work and implementation is 1.75% Then from £750,001 to £1,000,000 Fee for initial work and implementation is 1.25% Investments over £1,000,000 Fee for initial work is 1% By way of example: Someone investing £150,000 could typically pay £4,500 for the initial work We will agree the rate we will charge before beginning work. We will tell you if you have to pay VAT. Our typical charges are: Principal/Director/Partner £280 per hour Financial adviser £150-£225 per hour Administration £80 per hour You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first. We usually agree with clients to provide an agreed service for an indefinite period. In doing so we will agree the extent, frequency and level of that service with you. Usually, the service will entail keeping the investments and products you have under review and replacing them where necessary to ensure your objectives continue to be met. We will meet with you at least annually to do this work. Meetings may be held face to face, by telephone or via video conference. We have a very structured approach to reviewing the investments that we manage for customers and dependent on the sum invested, we will review your portfolios at least twice a year and in some cases up to 4 times. Our typical annual fees for investment of funds is as follows: Invested sums up to £250,000 is 1% of the assets we manage £250,001 to £1,000,000 is 0.85% £1,000,001 to £2,000,000 is 0.75% £2,000,000 and above is negotiable. By way of example: Someone investing £150,000 could typically pay £1,500 for the annual advice Someone investing £1M could typically ...
PAYING FOR SERVICES. Client assumes full responsibility for the payment of any and all sums that become due for Services. Agency recommends direct debit via EFT from the Client's bank account or for a fee use Visa, MasterCard, Discover and American Express or pay by check. Agency will charge Client's credit card or bank account on the invoice date. Agency will send written invoices by email to Client for Services each week ("Invoices"). By signing this Agreement, Client authorizes Agency to automatically charge, on a weekly basis, Client's credit/debit card or bank account for Service Fees. Credit Card or Debit Card Type: Name (as it appears on the card): Card Number: Security Code: Expiration Date: __________________ Billing Zip Code: Bank Name: Name on the Bank Account: Routing Number: Bank Account Number: Name (as it appears on the card): Card Number: Security Code: Expiration Date: __________________ Billing Zip Code: Invoices for Services are considered past due 30 days from the date on the Invoice. Interest will be charged at twelve (12) percent on account balances which are unpaid after 30 days. Client agrees to pay all collection costs, including attorneys' fees incurred in collection, if the balance on an account is not paid within thirty (30) days. Agency reserves the right to discontinue providing Services until any outstanding Invoice is paid in full, including any additional charges and accrued interest. Contractors are not permitted to accept payment on behalf of Agency. Client will contact Agency to change Client's method of payment. Agency will not seek reimbursement or payment for Services from any third-party payor. If Client desires to receive any reimbursement for Services from any third-party payor, Client will have to seek reimbursement for Services from the third-party payor, to the extent Services are covered by any third-party payor. Client will retain any reimbursement provided by a third-party payor since Client will have already paid Agency for Services Fees. In certain situations, Agency may provide services and supporting documents to work with Long Term Care Insurance companies. There may be a fee for such administrative work.
PAYING FOR SERVICES. Our fees and charges will be as set out in the Fees & Charges Schedule below. Fees and charges will be deducted from funds held in your Portfolio. You agree that we may encash investments in the Portfolio to meet fees and charges For any aspect of our service, or any service arranged by us, all charges and fees will be fully disclosed to you. We will not charge you until we have discussed your payment options and agreed with you how we are to be paid. We will also let you know if there are any other costs that might arise in connection with the services we provide to you. Our charges/fees will be VAT exempt, and we will inform you if our charges or fees become subject to VAT. We do not charge an initial fee. There is a Service Charge which is determined by the value of the funds on which the service is required. Platform Fee the platform fee is payable by you in accordance with the terms set out by your Platform.
PAYING FOR SERVICES. Other financial services activity VAT on financial services fees
PAYING FOR SERVICES. For example: If you invest £15,000 in an individual savings account (ISA) we would receive a ‘One-off’ Initial Adviser Charge of 3% of the amount invested (£450.00) and then 0.75% per annum of the fund value as an ‘Ongoing’ Adviser Charge, payable monthly at 0.062% per month (roughly £9.37). If you pay £200 per month into a personal pension then we would receive an adviser charge of £6 per month. If you invest £150,000 into investments administered through the Standard Life Investment Portfolio Platform, then we would receive a ‘one-off’ initial adviser charge of 3% of the first £50,000 and 2% of the £100,000 invested (£3,500.00) and then 0.75% per annum of the fund value as an Ongoing Adviser Charge, payable monthly at 0.062% per month (roughly
PAYING FOR SERVICES. Tenant will be responsible for paying its pro rata share of all Operating Expenses (defined above) as additional rent each month excluding those services contracted for separately (as previously agreed to with Landlord). Beginning each calendar year, Tenant will pay one twelfth (1/12) of its annual pro rata share of the projected amount for Operating Expenses for the coming calendar year. At the end of the year, Landlord will reconcile the estimate to the actual Operating Expenses at the end of each year and credit or debit Tenant accordingly, which will apply to the very next rent payment due. For purposes of this lease, Tenant's pro rata share of these Operating Expenses shall be determined by multiplying the total Operating Expenses or estimated Operating Expenses by .3727 (6,000/16,098).
PAYING FOR SERVICES. Annuity purchase