Tel: 0161 839 4956
Fax: 0192 575 9730
Email: [email protected]

The Cost Of Our Services - New Clients

The cost of a preliminary meeting will be borne by David Cope & Partners Limited. Clients can outline the assistance they seek and we will explain what services we can offer.


Before David Cope & Partners Limited can give any specific advice to clients, they will need to have as full a picture as possible of clients' personal circumstances and financial standing:

  • Once all of the necessary detail is to hand, a set of "Personal Accounts" will be sent to the client detailing their assets, liabilities, income, outgoings and their tax position.
  • A fee of £300 is payable by cheque on receipt of these "Personal Accounts".

If clients would like further advice on their finances, a formal "Financial Planning Report" will be prepared and a meeting arranged at which that report will be presented and discussed:

  • Specific advice and recommendations will be given in the report.
  • A fee of £350 is payable by cheque on receipt of the "Financial Planning Report".

If clients would like additional advice on actual investment, a formal "Investment Planning Report" will be prepared and another meeting arranged at which that report will be presented:

  • Again, specific advice and recommendations will be given in the report.
  • A fee of £350 is payable by cheque on receipt of the "Investment Planning Report".

If David Cope & Partners Limited are to act as ongoing advisers there will be a concluding meeting at which their investment recommendations can be implemented. There will be an implementation fee based on the amount of investment that is being placed:

Amount Placed

£
Up to 100,000
Next 50,000
Next 50,000
Thereafter

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%).

Some examples of possible overall fees are detailed below:

Initial Investment
Fee for a set of "Personal Accounts" £50,000 £100,000 £150,000 £200,000
Fee for a "Financial Planning Report" £300 £300 £300 £300
Fee for an "Investment Planning Report" £350 £350 £350 £350
Implementation charge £1,000 £2,000 £2,750 £3,250
Total £2,000 £3,000 £3,750 £4,250

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.


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