An annual fee of 1% plus VAT will be charged on the value of the portfolio, taken half yearly. Dealing commission will be charged at the normal rate of 1.65% on the first £10,000 consideration and 0.5% on any balance (per deal).
The discretionary account will be managed on a “contract of care” basis with the performance benchmarked against the AIM All Share Index. You will receive quarterly valuations and a comprehensive half yearly report and reconciliation.
The minimum initial investment for the AIM portfolio is £30,000. The account can be liquidated and the sale proceeds paid to you at any time. In such an event, our normal dealing commission would be levied as well as the management charge on a pro rata basis.
If you would like to proceed with the AIM portfolio, simply complete a
Client Agreement Form and return it to us. Any cheques should be made payable to Pilling & Co. If you wish to sell existing securities to raise the funds to invest, you can detail these instructions on the enclosed application form. We will then establish an AIM portfolio on a discretionary managed basis, the securities will be registered in our nominee name. (0408)
%20.jpg){kind=icon}
