Adviser Annual, Initial and Ad Hoc Fees- (Commission) (Remuneration) general information

Initial and Ad Hoc Fees are paid weekly on a Wednesday

The cut off is Monday midnight- if cleared funds are available then fees will be paid that week, if not, they will be paid the following week.

Fee breakdowns are provided on Tuesday night weekly in the Company Reports area of your IFA environment "Weekly Fee Reports"

If you are a "Platform Solution", then your Platform fee breakdown is provided on the 2nd Wednesday of each month in the Company Reports area of your  Platform environment.  

Annual Adviser Fees are paid monthly in arrears

They are accrued daily on all assets (cash and instruments/ funds/ models/investments)

They are calculated at the end of every month and paid on the second Wednesday of every month

Fee breakdowns are provided on the 1st of every month in the Company Reports area of your IFA environment "Adviser Fee Reports"

In the event that a fee is not linked to a particular contribution, the system will continually check if there is sufficient cash to pay. These checks take place around every 4 hours. If the contribution does not coincide with one of these checks, the cash may start investing before the deduction can be made which will cause a portfolio raise to queue. 

NOTE:  If you belong to a Network then your fees and breakdowns will be provided via that Network.

For Tenet Network members we offer a flat Platform fee of 17bps

For Sense Network members we offer a choice of a flat Platform fee of 17bps OR 20bps with a £480 cap at wrapper level

Our Hubwise Connect Directly Authorised IFAs are offered 20 bps with a £480 cap at wrapper level

Otherwise:

Fee breakdowns are available in the Admin Menu 

Company Reports area:

It is also possible to deliver fee breakdowns to you via SFTP file and /or  API functionality to your back office systems.  This requires discussion and set up with the individual back office system provider. There may be additional charges for this work.

If you are interested in exploring this please raise a Freshdesk ticket.