Custody Charge Increase Reminder
As previously brought to your attention, our custody charge increased at the start of this tax year. You will be aware we levy our custody charge six months in arrears. As such the increased rate is reflected on your quarterly statement to 5th October 2018.
To recap we have increased the minimum charge from £40 per annum (pa) to £43.60pa and we have increased the maximum charge from £140pa to £152.60pa. However if you do not receive paper statements from us but have your documents delivered for you to view via your Client Web Access (CWA) logon the minimum and maximum annual charges have only been increased to £41.80 and £146.30 respectively.
Please be aware if you have a standing order set up with your bank to cover your Custody Charge you may wish to increase the amount. The maximum half yearly charge is now £76.30 (£73.15 for CWA only clients).
If you do want to take advantage of the lower fees with CWA but have yet to sign up, you should email us at email@example.com and request a CWA logon. Not only will you receive your statements directly to your CWA account, you will receive all your contract notes there as well and you can view your holdings, current valuation and historical statements at any time.
We are obligated to provide you with a statement detailing your assets held with us on a quarterly basis. We now issue quarterly valuations as at 5th January, April, July & October together with a statement detailing the previous three month cash movements.
ISA clients who receive quarterly income may receive their income payments prior to receipt of their quarterly statement. If you want to guarantee receipt of the breakdown at the time of payment you should request to become a CWA client as a bespoke income advice is delivered at the time of payment.