A preliminary meeting is available to prospective clients, the cost of which will be met by David Cope & Partners Limited:
- Prospective clients can outline what assistance they are seeking.
- David Cope & Partners Limited can explain how they might help.
The first actual chargeable meeting is that devoted to data gathering:
- We need a full picture of clients' personal circumstances and financial standing.
- Following this meeting, a set of "Personal Accounts" will be sent to the client detailing their present assets, liabilities, income, expenditure and tax position.
- A fee of £300 is payable by cheque on receipt of these "Personal Accounts".
A formal "Financial Planning Report" will be presented and discussed at a second meeting:
- Specific advice and recommendations will be given in the report.
- And a revised set of "Personal Accounts" will be incorporated in the report.
- A second fee of £350 is payable by cheque on conclusion of the second meeting.
A formal "Investment Planning Report" will be presented and discussed at a third meeting:
- Again, specific advice and recommendations will be given in the report.
- A third fee of £350 is payable by cheque on conclusion of the third meeting.
- All other transaction costs will be fully disclosed in the "Investment Planning Report".
If the recommendations of the "Investment Planning Report" are to be adopted, there will be a concluding meeting at which David Cope & Partners Limited will arrange implementation formalities. A final fee will be payable based on the amount of investment being placed:
Amount Placed £
Up to 100,000
Fee Payable %
2.00 (i.e. £20 for each £1,000 invested)
1.50 (i.e. £15 for each extra £1,000 invested)
1.00 (i.e. £10 for each extra £1,000 invested)
0.50 (i.e. £ 5 for each extra £1,000 invested)
The minimum charge is £150 (i.e. if less than £7,500 is placed, the fee is more than 2%).
The adviser fee for implementation can either be paid by cheque 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.
Where David Cope & Partners Limited is required to undertake tasks other than those outlined above, arrangements and fees will be agreed separately. Some examples are:
- Advice and assistance in settling a deceased's estate.
- Advice and assistance in extracting benefits from personal pension plans.
- Inheritance Tax mitigation.
The Financial Conduct Authority does not regulate estate planning or tax advice.