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Services & Charges
Fee Rates
1) Discretionary Management
Investment objectives are agreed with clients.
The portfolio is under our constant supervision so that there is a rapid response to information and news without the delay involved in making contact which might lead to missed opportunities.
We pass orders to an independent stockbroker.
Contract notes pass from the stockbroker to the client, and the client (or nominee) settles with the stockbroker direct.
An economic Report and Valuation will be supplied regularly, normally on a quarterly basis.
The fee is a half-yearly 0.375% + VAT on the first £500,000, and 0.25% + VAT thereafter, and a share of the brokerage is taken.
ISA and PEP management, at suitable administrator's rates (see 5 below).
2) Advisory & Valuation Service
Investment objectives are agreed with clients and telephone advice is normally given.
Orders are passed to an independent stockbroker, after confirming investment ideas with customer.
Contract notes pass from the stockbroker to the client, and the client (or nominee) settles with the stockbroker direct.
A quarterly economic Report and Valuation will be supplied.
The fee is a half-yearly 0.375% + VAT on the first £500,000, 0.25% + VAT thereafter, and a share of the brokerage is taken.
ISA and PEP advice, at suitable administrator's rates (see 5 below).
3) Dealing Only Service
Instructions are received from the client, and passed to stockbrokers.
We cannot offer investment advice.
Contract notes pass from the stockbroker to the client, and the client (or nominee) settles with the stockbroker direct.
Stockbrokers share commission with FIML.
4) Personal Pension Plans
We act as independent investment manager or advisor to a self administered scheme.
The client registers stock at one of a number of agreed insurance company or trustee firms (who administer settlement, tax, collection of dividends etc).
Contributions to this scheme are regulated by HM Government rules appertaining to regular contributions to pension funds as a percentage of income.
The trustee firms charge a fee on a sliding scale depending on the trustee firm used.
Our fee and brokerage rates are the same as on our discretionary service.
5) Maxi ISA / PEP transfers
Offered in association with outside firms of PEP/ISA providers who hold the stock and cash. FIML give the necessary instructions to buy or sell shares within the PEP/ISA funds.
Commission Rates
The brokerage charged by FIML is calculated as a percentage of the net consideration of a bargain, based on the following rates:
UK Equities : 1.50% on the first £10,000; 0.80% thereafter
UK Government stocks : 0.95% on the first £10,000; 0.55% thereafter
International Equities : 2% of the net consideration
Nominee Services
If clients require Nominee Services - and many do - we can introduce clients to suitable Nominees, as required. Some Nominees provide the service at nil cost to clients.
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