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Terms and conditions

These are important legal documents forming part of the contractual agreement between you and us. These agreements contain the full understanding of the parties and supersedes any prior arrangements, statements or representations, whether written or oral, relating to the subject matter of the agreement. these terms and conditions become effective once you agree to be bound by them by signing the account opening form.

Introduction

Please read this document carefully as it contains the Terms upon which Punter Southall Wealth 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

What are the rates of return available on cash holdings?

From 1st April 2022 Interest will be paid quarterly on sterling (GBP) cash holdings at the following rates:

£1m+ - 0.35%
£250k to £1m - 0.30%
£50k to £250k - 0.25%
£25k to £50m - 0.20%
£0 to £25K - 0.15%

Interest will be calculated on a daily basis on cash balances held on your behalf, this will be credited to your portfolio if the sum due is more than two pounds and fifty pence.

The current US Dollar interest rate is set at USD 0%.

Negative interest will be debited from Swiss Franc (CHF), Danish Krone (DKK), Euro (EUR), Japanese Yen (JPY), and Swedish Krona (SEK) denominated cash holdings as follows:

CHF - 1.50% p.a
DKK - 1.6% p.a
EUR - 1.00% p.a
JPY - 0.95% p.a
SEK - 0.75% p.a

Interest is not credited or debited from any other foreign currency cash balances held.

Other associated policies

For all of our legal and regulatory documents, click here

Investment involves risk and you may not get back what you invest. It’s not suitable for everyone.

Investment involves risk and is not suitable for everyone.