|Value of portfolio||State total value and currency of the portfolio|
|Item||Charges to be shown as a % of the portfolio value over a year|
|One-off fee or charge||Any one-off fee or charge made, for establishing the portfolio|
|VAT on initial charge||VAT on charges above|
|From cash only: transaction charges to establish the portfolio||Estimate of all transaction charges charged from 100% cash. This only applies in the first year unless otherwise stated|
|Total initial charge||Total of above charges|
|Annual management charge||AMC as a % of the FUM to include fixed fees and any charges regularly applied|
|Dealing charges (assuming default level of turnover at 40%)||Dealing charges - either state actual charges or base on 40% turnover of portfolio; if estimated state "E"|
|Custodian and platform charges||Fixed fee as a per cent of the total portfolio value or as a percentage rate|
|Other activity charges||Fixed fee as a % of the total portfolio value or % rate for services required annually which are not included in the AMC e.g. tax vouchers, CGT reports, standard valuations etc. Do not include exceptional charges e.g. additional valuation charges|
|VAT applicable to above charges||VAT on charges above|
|Underlying TER of funds||Weighted TER of funds held in the portfolio|
|Initial fees for funds||Based on 40% turnover of funds in the portfolio, weighted across the portfolio|
|Total account cost||Total of annual charges above|
|For the estimate of transaction charges||Percentage turnover used*|
|*Transaction costs are estimated based on a 40% turnover of the portfolio - that is an assumption that 20% of holdings are sold and replaced. Due to the bespoke nature of discretionary portfolio services, it may not reflect the true costs experienced on any individual account. This TAC does not include: any adviser charge payable to a financial adviser; third party administration charges for pensions or bonds; an estimate of stamp duty payable to HMRC; external broker costs; any allowance for dealing spreads either in funds or stocks; any interest retained by the discretionary manager on cash deposits; the cost of foreign exchange transactions; any underlying charge for closed ended funds such as investment trusts.|
- Regional expansion: the key to a successful branch network
- What will a Chinese Fatca mean for financial institutions?
- The growing issue of social media for wealth managers
- Corporate or sovereign: how does the ECB stimulate from here?
- What next for the Swiss franc after euro shock?
- Are regulatory costs stifling start-ups?
- What does 2015 hold for dividends?
Walker Crips strengthens Birmingham office
Neal Stevens is joining from EFG Harris Allday as an investment manager.
Potential US rate rise, cheap oil & the Europe opportunity
This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.
Carmignac's Crowl: what QE could mean for Europe
The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.
Grexit worries, currency wars and a grizzly outlook for 2015?
The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.
Profile: DIY investing is biggest threat to industry, says Whitechurch
The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss
Events Diary 2015
One year on, how is Bristol’s Alpha PM progressing?
What next for the South West’s wealth managers?
Catering to Bournemouth’s affluent investors
Henderson Rowe’s Fahie: Backing the personal touch
Wealth Manager Christmas jumper lunch
Where is Smart Beta heading in 2015?
Structured credit points the way ahead for Vestra Wealth’s Lakshmanan
Citywire’s Alternative Ucits Retreat caters to a multinational audience
A Midlands first for Wealth Manager
Rathbones’ Philip Gent and Oliver Pearson-Lund: Keeping the team together for two decades
Westbury Private Clients: boosting headcount but still a boutique
Gibralter Financial Services lunch
Meet Wealth Manager’s latest recruit: Suzie Bliss
Talking about sustainability with RBC Wealth Management’s Jamie Hayes
Wealth Manager celebrates another successful retreat
Coffee with Rebecca Davidson of Ingenious AM
Why wealth management is booming in the Midlands
Six months in the life of Charles Stanley’s new Cardiff office
How Thesis is evolving in a changing environment
Lunch with Toby Carpenter of Psigma