Client circumstances, needs and objectives can and do frequently change.
It is therefore essential that we maintain an ongoing relationship through a regular review service to ensure you are continuing to meet your original objectives and/or adapt your financial plan to take account of changes. The level of ongoing service is dependent on the level of funds under advice and whether you have adopted a passive or active management approach as set out below.
|Funds under advice - Passive Strategy
A passive investment approach utilises low cost index tracking funds to provide a return of the market without risk of under-performing that market.
|Funds under advice - Active Strategy
An active investment approach utilises actively managed funds which aim to outperform the market but carry the (sometimes significant) risk of under-performing that market.
|Initial/new advice face to face|
|Remote review (postal / telephone / email)||-||-||-|
|Annual office based face-to-face meeting||-||-|
|Half-yearly valuations remotely by post||-||-||-|
|Access to highly qualified Paraplanner team||-||-|
|Computerised records retained|
|On-going service provision||-|
|Annual return (last 12 months) calculation||-|
|Average annualised return calculation||-|
|Annual asset allocation summary||-|
|Update client situation and objectives||-||-|
|Review opportunities to improve tax efficiency||-||-|
|Review other relevant improvements / opportunities||-||-|
|Review income needs||-||-|
|Review capital requirements||-||-|
|Agree post review work and fee estimates||-||-|
|Minimum twice-yearly valuations plus annual review meeting||-||-||-|
|Additional meetings by agreement||-||-||-|
|Information on certain products held may be issued as necessary|
|Ad hoc promotion of other products and/or services|
|Initial advice fee based on time costed hourly rate|
|Fees will be reduced by offsetting any commission received|
|Excess initial commission will be reinvested or rebated to client|
|Review service met from funds under advice||-|
|Option to upgrade to higher service standard with top-up fee||-||-|