OUR ONGOING SERVICE DELIVERABLES

Cedarwood Wealth Management Ltd

Ongoing Service / Gold / Silver / Bronze / Trans-actional
Professional expertise and governance
embedded into our investment processes / √ / √ / √ / √
Review meetings to include Risk Review, Asset Allocation & Portfolio Rebalancing / 3 per
annum / 2 per annum / 1 per annum
Provision of Regular Valuations / 4 per
annum / 2 per annum / 1 per annum
On-going access to your Adviser / √ / √ / √
Liaison with Accountant/Solicitor / √ / √ / √

This engagement is supplementary to our Client Agreement and sets out the basis on which we charge for our services. We recognise that all our clients have different financial needs and objectives and we will build an appropriate plan.

In order to clarify the expectations of all parties and to provide transparency of charges we set out in this document the services available and associated costs. Please feel free to contact us if you wish to discuss any aspect of these terms.

The Financial Planning Process

There are four stages to the financial planning process, each of which is separately costed, although the initial consultation is at our cost:

  1. Initial consultation
  2. Financial review and recommendation
  3. Policy arrangement and implementation
  4. Review – ongoing care and advice through our ongoing management service

Initial Consultation

The initial consultation will comprise of:

  • initial meeting with one of our qualified financial planners
  • a chance to ask questions and understand what we do
  • opportunity for us to find out what help you require
  • information about our charges

There is no charge for this initial consultation

Financial Review and Recommendation

We will carry out an extensive assessment of your personal and financial circumstances at the outset to establish your financial planning requirements. This will include:

  • gathering of information about your existing financial arrangements and full personal circumstances including your financial goals and objectives;
  • understanding of your investment knowledge and attitude and tolerance towards investment risk;
  • taking into account tax and how this can affect your position
  • recommendation of an asset allocation model that matches your risk profile and the subsequent assessment and suitability of any existing holdings;
  • carrying out research from the whole market place for the most appropriate products/solutions to meet your needs
  • preparing our recommendations to you with a view to meeting your goals and objectives as well as raising other areas as deemed appropriate by your circumstances and our experience regarding you financial review;
  • arranging a second appointment to explain and discuss our recommendations in detail.
  • ensuring that the investments recommended are tax efficient from an Income tax, Inheritance Tax and Capital gains tax perspective

When you receive our report/financial plan it will be your decision whether to implement our recommendations either completely or in part.

A clear breakdown of what our fees are for implementation is included in our client agreement which you are in receipt of.

Reviews – Ongoing Management Service

Your financial objectives may change over time due to changes in your lifestyle or circumstances. We believe it is essential to ensure that your portfolio continues to meet your lifestyle and investment objectives. Our ongoing review and management service is designed to offer you continued access to your adviser and includes:

  • structured reviews to give you piece of mind
  • assessment of your current circumstances, attitude to risk and any changes to your plans required
  • regular updates and information regarding your holdings and changes in the market place/legislation that may affect you or your plans
  • a choice of differing levels of support depending on your needs
  • unlimited telephone and email access to our office team for ongoing support with correspondence and administration issues
  • where possible you will have online access to your investment portfolio

Your commitment to our firm

  • To provide a full outline of your personal and financial circumstances both initially, and from time to time, as requested, to enable us to provide you with the most comprehensive advice.
  • Provide all documents and information requested.
  • Inform us of any changes to your personal or financial situation and participate in review meetings.

OUR ONGOING SERVICE FEE AGREEMENT

Cedarwood Wealth Management Ltd

The following identifies the typical feature of a review

We have agreed that payment for our ongoing service will be by one of the following options:

  1. Bank Transfer Payment
  2. Cheque

UPDATE FROM PREVIOUS MEETING /
  • Establish if there is anything particular that you want to discuss today
  • Recap from last meeting and review what was agreed
  • Confirmation that all services have been delivered as promised
  • Agree agenda for today’s meeting
  • Personal & financial circumstances updated
  • Note any changes in objectives/goals
  • Review and update previous Financial Review Report
  • Identify if there are any anticipated large items of expenditure in next 12 months
  • Attitude to Risk reassessed
  • Capacity for Loss and tolerance levels reassessed
  • Establish if fund switches are necessary at this time

EXISTING BUSINESS /
  • Discuss performance and current position on various plans under our servicing
  • Consider continued suitability /appropriateness of existing solutions
  • Review of tax wrappers in use
  • Confirm if you have conduced any investments such as Cash or Stocks and Shares ISAs either directly or through another adviser
  • Establish if you have made any capital gains this tax year

OTHER REVIEW POINTS /
  • Make / update Wills*
  • Any inheritances since original advice
  • Planning for children/grand-children
-Private education / university funding
  • Do you have any more money to invest
  • Review personal protection needs
  • Business owners
- NEST
- Share Protection / Keyperson
  • Inheritance Tax – potential concerns*
  • Mortgage rate / terms
  • Expiring / under review
  • Private Medical / care needs
  • Scope for referrals
*These areas are not regulated by the Financial Conduct Authority
  1. A deduction from your investment/savings/pension facilitated by the product provider
  2. A deduction form your investment/savings/pension facilitated by the platform provider

We have agreed that payment for our ongoing service will be as set out below:

Payment Option 1 2 3 4

Ongoing Service LevelGold/Silver/Bronze/Transactional (please delete as applicable)

Amount £______OR ______% annually of the value of your product / portfolio,

e.g. for investable assets of £121,428, our annual fee would be £850.

Amount £______OR ______% monthly of the value of your product / portfolio,

e.g. for investable assets of £214,286 our monthly fee would be £125.

Some of the ongoing service we provide may include elements that are liable for VAT. Where this is the case we will clearly identify what proportion of our ongoing service are liable for VAT and advise you of the amount of VAT to be paid.

I/We agree to the remittance for your ongoing service as set out above. I understand that you will bill me for these services and that you will be collecting payment as agent of The On-Line Partnership Ltd.

1st Client Name
Signature / Date
2nd Client Name
Signature / Date

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