Common use of Existing Clients Clause in Contracts

Existing Clients. To show our appreciation for clients who entrust us with larger amounts of their accumulated wealth we have some special concessions. Where we have received more than £2,500, in the last year, of on-going income from any client (partner) relationship our Engagement Fee is reduced to £250. Where we have received more than £5,000, in the last year, of on-going income from any client (partner) relationship our Engagement Fee is waived. Where we have received more than £10,000, in the last year, of on-going income from any client (partner) relationship our Implementation Fee is a maximum of 0.75% for any monies invested. Where we have received more than £12,500, in the last year, of on-going income from any client (partner) relationship any decumulation advice is not chargeable. Clients seeking to top up existing arrangements and funds, by an amount less than £50,000 in total can elect to be charged a total cost of 2.75% of amounts invested (with no minimum cost applicable) for Engagement and Implementation combined. As a special concession this charge rate is extended to immediate family for new business. Where we have previously advised on monies being disinvested at this time, the fee payable on the subsequent advice will be based on 50% of the amount we would charge on new monies being invested. An Engagement fee will not be charged only where we receive over £2,500 per annum from you on an on-going basis otherwise this will be charged at £250 in addition to the above implementation fee. Where we have previously advised on monies which are being advised upon again (within 5 years) there may be an entitlement to a discount on the total cost.