Terms and conditions

Introduction

Please read this document carefully as it contains the Terms upon which we will provide the Financial Planning Service, namely: 

1. Whole of Market Advice in relation to:
   1. Pension Providers; and
   2. Insurance Products.
2. Restricted Advice in respect of:
   1. Retail Investment Products;
   2. Discretionary Investment Services; and
   3. Managed Portfolio Services.

This is an important legal document forming part of the contractual agreement between you and us. This Agreement contains the full understanding of the parties and supersedes any prior arrangements, statements or representations, whether written or oral, relating to the subject matter of this Agreement.

This Agreement comes into force on the Business Day on which we receive confirmation of your agreement to our Scoping Document. Commencement of our Financial Planning Service is subject to our client verification procedures.

Under the European Directive on Distance Marketing of Financial Services, we are obliged to provide certain information in respect of agreements entered into with Consumers that are concluded by the exclusive use of one or more means of distant communication (e.g. internet, fax, telephone or e-mail). If you are such a Consumer, the required information is included within these Terms.

In this Agreement, a number of defined terms are used, whose meaning is set out in Appendix 1.

Download full terms and conditions

Introduction

Please read this document carefully as it contains the terms and conditions upon which we will provide our Services.  This is an important legal document forming part of the contractual agreement between you and us.  This Agreement contains the full understanding of the parties and supersedes any prior arrangements, statements or representations, whether written or oral, relating to the subject matter of this Agreement. 

The Wealth Management Services Terms and Conditions apply to each Service which we provide to you. Part A documents our Financial Planning Service, and Part B documents our Investment Service. However, should you also choose to open a Stocks and Shares ISA or a Stocks and Shares JISA, then the Stocks and Shares ISA Terms and Conditions and the Stocks and Shares JISA Terms and Conditions, which are set out in Appendix 2 and 3 respectively, will apply to the Stocks and Shares ISA and/or the Stocks and Shares JISA, as appropriate, in addition to the Wealth Management Services Terms and Conditions.

We may develop additional services, the provision of which will be governed by these Wealth Management Services Terms and Conditions and such other terms and conditions as we shall consider appropriate at the time.

This Agreement comes into force on the Business Day on which we receive confirmation of your agreement to the Scoping Document under Part A or the Account Opening Form under Part B (depending on the Service which is being provided to you). Commencement of our services is subject to satisfactory completion of the Client Service Agreement under Part A, or the Account Opening Form under Part B, and our client verification procedures.

Under the European Directive on Distance Marketing of Financial Services, we are obliged to provide certain information in respect of agreements entered into with Consumers that are concluded by the exclusive use of one or more means of distant communication (e.g. internet, fax, telephone or e-mail).  If you are such a Consumer, the required information is included within these Wealth Management Services Terms and Conditions.

In this Agreement, a number of defined terms are used, whose meaning is set out in Appendix 1.

Download full terms and conditions

Schedule of interest - Effective 3 February 2023

Interest on your balance

The money we hold for you as part of our wealth management service is pooled with all other client money and held in client money bank accounts at a carefully selected panel of institutions.

You will receive or pay interest on your balances at the rates shown on this schedule, which may change from time to time. Interest accrues daily and will be applied to your account once a quarter in arrears, unless the sum accrued during the quarter is less than £2.50 (or the foreign currency equivalent).

Other rates may be available depending on circumstances (for example, if your money is in a currency other than sterling or dollars) and such rates may be negative.

For details of other conditions that might affect your interest payments or diversification, please check our Terms of Business. If you have any questions, your Investment Manager will be happy to help.

Interest rates payable on credit balances and rates

Cash balances (GBP); Rate

Of £5 million+; 2.90%

Between £1 m and £5m; 2.25%

Between £250,000 and £1m; 1.95%

Between £50,000 and £250,000; 1.85%

Between £25,000 and £50,000; 1.75%

Up to £25,000; 1.65%

Cash balances (USD); Rate

Of £2.5 million+; 3.10%

Between £1 m and £2.5m; 2.60%

Between £500,000 and £1m; 2.35%

Between £150,000 and £500,000; 2.20%

Up to £150,000; 2.10%

Where the balance on your account moves up to a higher band, the higher rate of interest payable is applicable to your total balance for that time period.

Interest rates chargeable on debit balances

We reserve the right to charge interest on overdue amounts and debit balances at the rate of 4% above our primary banker's base rate equivalent for sterling and 4% over cost of funds for foreign currencies.

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