Becoming A Client
The cost of a preliminary meeting will be borne by David Cope & Partners Limited, but before David Cope & Partners Limited can give any specific advice to clients, they will need to have as full a picture as possible of clients’ personal circumstances and financial standing. Once all of that necessary detail is to hand, a set of “Personal Accounts” will be sent to the client detailing their assets, liabilities, income, outgoings and their tax position. A fee of £300 is payable on receipt of these “Personal Accounts”.
If clients would like further advice on their finances, a formal “Financial Planning Report” will be prepared and a meeting arranged at which that report will be presented and discussed:
If clients would like additional advice on actual investment, a formal “Investment Planning Report” will be prepared and another meeting arranged at which that report will be presented:
If David Cope & Partners Limited are to act as ongoing advisers there will be a concluding meeting at which their investment recommendations can be implemented. There will be an implementation fee based on the amount of investment that is being placed:
Up to 100,000 | 2.00% (i.e. £20 for each £1,000 invested)
Next 50,000 | 1.50% (i.e. £15 for each extra £1,000 invested)
Next 50,000 | 1.00% (i.e. £10 for each extra £1,000 invested)
Thereafter | 0.50% (i.e. £5 for each extra £1,000 invested)
Initial Investment
£50,000 | £100,000 | £150,000 | £200,000 | |
| Fee for a set of “Personal Accounts” | £300 | £300 | £300 | £300 |
| Fee for a “Financial Planning Report” | £350 | £350 | £350 | £350 |
| Fee for an “Investment Planning Report” | £350 | £350 | £350 | £350 |
| Implementation charge | £1,000 | £2,000 | £2,750 | £3,250 |
| Total | £2,000 | £3,000 | £3,750 | £4,250 |
The adviser fee for implementation can either be paid directly or by a debit from the investment account. If the latter, the amount actually invested will be reduced accordingly and there may be tax implications – although this will be discussed more fully at the time.
It is the understanding of David Cope & Partners Limited that the above fees are not liable to Value Added Tax (“VAT”) because each process is a step towards a transaction in financial securities. If this understanding is ever over-ruled, David Cope & Partners Limited will meet any “VAT” assessment, i.e. there will not be a back-dated “VAT” charge to clients.
Our professional financial team are here to help you.