Our remuneration will reflect the nature of the advice given and the complexity and scope of the portfolio management involved.  We will quantify our charges to you in writing before any investments are made.

The Retail Distribution Review will come into force on 1 January 2013 and it is likely to have an impact on the way that our fees are charged.  As the implications of the changes become clear we will change our fee structures to reflect this.

Under current rules we are able to receive either fees or commission in return for our investment advice and ongoing service depending on our clients’ preferences. We are transparent in our charging and operate on the basis of Client Agreed Remuneration whether this is collected directly from the product via commission over a period of time or via a separately billed fee. We will discuss the nature of our remuneration with our clients before any work is carried out in order to identify the most appropriate system of charging for our services.

The overall level of this remuneration will reflect the quality and depth of our initial advice as well as the nature of the ongoing level of service we agree with each client. Where the level of commission available exceeds the level of our agreed remuneration, the balance will be used to reduce the costs or to enhance the terms of the policy. This would always be clearly explained and agreed with each client from outset.

Our initial discussion (not necessarily the initial meeting) in which we will describe our services and explain the payment options, is without charge. If you decide to proceed, our recommendations and proposed remuneration will be fully discussed and agreed with you before any actions are taken.

Broadly, we offer the following payment options as forms of Client Agreed Remuneration:

1. A deemed fee settled through commission or product charges
2. Paying by a combination of commission and fee
3. Paying by fee (which may incur VAT)

Further detail about the payment options on offer are set out as part of our Client Agreement and can be viewed here: Dewhurst Torevell Client Agreement.