Tel: 0161 839 4956
Fax: 0192 575 9730

Cost Of Our Services - Ongoing

Provided that your investment portfolio through us amounts to £40,000 or more in value:

  • We will monitor its investment performance.
  • Once a year we will advise you if changes are needed and recommend alternatives.
  • We will also review your general finances with you once a year looking at income and expenditure, liquidity, asset allocation, risk profile, tax planning and estate planning.
  • And we will assist you with the completion of any tax returns that you receive.

The charge for this service is an annual 0.5% of the value of your investments:

  • This means £5 for each £1,000 of investment value.
  • It also means that if the value of your investments increases, so does the fee.
  • Conversely, if the value of your investments decreases, so does the fee.
  • We believe ongoing adviser fees are "VAT"-exempt. If this is ever over-ruled, we will not back-charge clients, but future fees will be increased.
  • A separate fee basis can be agreed for portfolios of less than £40,000, if required.

Our fee is debited to your investment account in monthly instalments. Alternatively we can arrange a monthly debit to your bank account, the amount of which will be adjusted annually.

There are also other charges that can be incurred as follows:

  • If we switch an investment for you, there is a charge of 1% of the amount moved, i.e. £10 for each £1,000 moved. This charge will be debited to your investment account or you can pay us separately by cheque.
  • For any additional cash investments, there is an implementation fee on exactly the same basis as indicated on the previous page for new cash investment.

Some examples of the fees quoted are as follows:

  Portfolio Value
  £50,000 £100,000 £150,000 £200,000
Annual Management Fee £250 £500 £750 £1,000
  Amount Moved
  £5,000 £10,000 £15,000 £20,000
Switching Fee £50 £100 £150 £200
  Additional Investment
  £5,000 £10,000 £15,000 £20,000
Additional cash investment fee £150 £200 £300 £400

You may write to us at anytime and terminate the ongoing service without penalty. We may also write to you and withdraw or amend the ongoing service without penalty.

If you were a client of David Cope & Partners Limited prior to 1st January, 2013:

  • Most investment institutions with whom we dealt for you will probably be making regular payments to us already from your accounts (known as "trail commission").
  • "Trail commission" usually amounts to 0.5% of the account value each year, i.e. it is synonymous with the ongoing charge mentioned above.
  • Where we continue to receive "trail commission" you will continue to receive the ongoing service outlined above, on the same terms and conditions mentioned above.