Fees and Custody

We have always believed it is important to be open about the fees we charge.

This section of our website is intended for professional intermediaries and should not be relied upon by retail investors. Please note that our portfolios are generally not directly available to retail clients without the recommendation of a financial adviser.

In the post-MifiD II era of greater and welcome transparency, an awareness of costs will become a key differentiator for investors and advisers choosing an asset manager. Too often they can find themselves paying for poor investment performance and sub-standard service. We’re conscious of costs and their impact on the discerning investor, making sure that we always add value.

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Fees

	Fee / Charge Type	Amount
Management fees	Discretionary charges are fee only. All fees are plus VAT.	Encore 0.10% plus VAT Bravo ESG 0.20% plus VAT Tempo 0.05% plus VAT Dynamic 0.05% plus VAT IHT 0.80% plus VAT Bespoke 0.80% plus VAT AIM 0.80% plus VAT
Management fees	Custody and administration fees	These are included in our annual management charge
Dealing costs	Stamp duty/PTM Levy: UK equity purchases	0.5% where applicable 1% on Irish registered stock traded on the London Stock Exchange The Panel of Takeovers and Mergers levy is currently £1 on all equity transactions of over £10,000.
Other charges	Transfer out fee	This is included in our bespoke fees all others are charged separately and variable based on platform.

Custody of your Money

In the course of managing investments, we do not hold cash or assets directly.

We have made arrangements with a number of third parties who will take custody of assets and provide the dealing and related settlement services, unless the financial adviser has arranged for us to manage the portfolio on a platform.

Cash or assets will be held on behalf of investors by the following third parties:

Ascentric
Aviva
Novia
Nucleus
Quilter
Pershing Securities Ltd
Standard Life/Elevate
Transact
7IM

Please note

This communication is not investment advice. The value of investments and income from them is not guaranteed, can fall, and you may get back less than you invested. Your capital is therefore always at risk. Past performance is not a guide to future performance. If you invest in currencies other than your own, fluctuations in currency value will mean that the value of your investment will move independently of the underlying asset.