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
£ £ £ £
50,000 100,000 150,000 200,000
Fee for a set of "Personal Accounts" 300 300 300 300
Fee for a "Financial Planning Report" 350 350 350 350
Fee for an "Investment Planning Report" 350 359 350 350
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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