Schedule of Charges
Applicable Charges
Investing with BriceAmery entails specific initial and ongoing charges, which vary depending on the type of investment product.
| Dealing Type | Advice & Management | Custody | Managed Portfolio | Trading Services | Administration |
|---|---|---|---|---|---|
| Discretionary | ✔ | ✔ | ✔ | * (except AIM IHT) | ✔ |
| Execution Only | ✔ | ✔ | ✔ | ✔ | ✔ |
Product and Fund Charges: Ongoing charges vary based on the selected funds. These are listed below:
Advice & Management Fee
| Management Fee | Intial Advice | Ongoing Management Fee |
|---|---|---|
| Discretionary | 2.00% | 2.00% |
| Execution Only | n/a | 2.00% |
Custody Fee
| Amount | UK Custody | Offshore Custody |
|---|---|---|
| First £ 500,000 | 0.75% | 0.90% |
| Next £ 500,000 | 0.60% | 0.75% |
| On balance over £ 1,000,000 | 0.45% | 0.60% |
| Levied1 | Quarterly in arrears | Quarterly in arrears |
| Minimum per annum2 | £ 750 | £ 900 |
(1) Charged per Account, as at end of March, June, September and December.
(2) Charged per Portfolio (UK Custody) & per Account (Offshore Custody).
Managed Portfolio Fee
| Product Type | Minimum Investment | Fee per Annum |
|---|---|---|
| Multi-Asset | £ 100,000 | 0.75% (+ VAT) |
| Equity/Fixed Income | £ 250,000 | 1.50% (+ VAT) |
| AIM IHT | £ 100,000 | 2.50% (+ VAT) |
Fees charged per Account, quarterly in arrears. Minimum additional investment £20,000.
Trading Services Fee
| Service | Fee per Trade | Minimum Fee per Trade |
|---|---|---|
| MPS (AIM IHT)¹ | 0.10% | £25 |
| Equities, ETFs, Fixed Income¹ | ||
| Standard | 0.50% | £ 50 |
| Non-standard | 0.50% | £ 400 |
| Funds¹ | ||
| Standard | Nil | n/a |
| Non-standard | 0.50% | £ 200 |
| Hedge funds | 0.50% | £ 200 |
| Foreign Exchange² | 1.00% | n/a |
(1) All third-party brokerage, local market fees and taxes are passed through. Bulk trades (multi-client, single market) are charged per Account. Telephonic and email orders are charged at an additional 1%.
(2) Standalone FX only. Charged at the prevailing rate as provided by custodian.
Administration Fee
| Securities Transfers | |
|---|---|
| Transfer in | Free |
| Transfer out | £ 50 per security |
| Cash Payments | |
| UK Custody | Regular payments (automated 3-day value via BACS): Free Ad-hoc payments (same-day value via CHAPS): £ 45 per transfer |
| Offshore Custody | All payments (same-day value via SWIFT): £ 45 per transfer |
| Cash Management | |
| Credit Interest | 0.00% |
| Debit Interest | Base/Bank rate plus 10% |
| Reporting | |
| Electronic distribution via MyWealth | Free |
| CGT report (via CGiX – optional) | £ 200 per report (+VAT) |
| Product Wrappers | |
| ISA | Free |
| 3rd Party (SIPPs, Onshore/Offshore Bonds) | Provider fee passed on |
| Instrument Class Conversion | |
| Per holding | £ 25 |
(1) GBP, EUR, USD. Fees charged per Account.