DOMESTIC CUSTODY & TRADING SERVICES

Transcription

1 Pricing Structure

2 DOMESTIC CUSTODY & TRADING SERVICES A flat custody fee of 20bps per account type per year is applicable to all holdings and cash, the custody fee is collected each month but will be capped at 40* (Therefore all holdings over 240,000 have no additional charges). Regardless of the number of wrappers and accounts held, the maximum custody fee charged to an investor will never exceed 960. Product-specific supplements would be additional to the annual capped custody fee where investments are held in a SIPP, Pension and/or Offshore Bond wrapper, as per the tariffs outlined in the Product Fees section. Interest is paid at a blended** rate every 6 months and 100% of the interest collected by Hubwise is paid to the underlying client on a pro rata basis based on the cash held on deposit or cash held in model portfolios. INSTRUMENT TYPE SETTLEMENT INDIVIDUAL INSTRUCTION SETTLEMENT BULK/ REGULAR INVESTMENT Funds**** 0 0 0bps ETF bps Investment Trust bps Equity bps Bond bps Preference bps TRADING FEE*** * The 40 maximum fee is capped for domestic holding but the international additional custody fees (and loan accounts when they are introduced) will be charged in addition. The maximum cap of 40 per month may be increased if the number of instruments held exceeds 20 lines. ** Blended rate depends on the interest paid to Hubwise from the several Banks used to hold our client money. The cash on deposit counts towards the overall total of custody assets and therefore will be included in the custody fee calculation. *** Trading Fees are only applicable if the instrument cannot be automatically executed using our RSP network, a flat 15 will be charged in addition to other fees for telephone trading. **** Funds are defined as UK domestic funds listed on our buy list. Any European funds or structured products may have additional custody and trading fees applicable (these will also be in addition to the 40 monthly cap).

3 ADDITIONAL NON-DOMESTIC CUSTODY SERVICES Euro-Zone & Mature Markets (full list of markets in Appendix 1) MATURE MARKETS HOLDINGS FEE PER ANNUM (IN BPS) Mature Markets, Area Mature Markets, Area Emerging Markets EMERGING MARKET HOLDINGS FEE PER ANNUM (IN BPS) Emerging Markets, Area Emerging Markets, Area 2 25 Emerging Markets, Area NON-DOMESTIC TRANSACTION SERVICES The table below sets out the cash and securities transaction/settlement fees. Prices for Emerging Markets can be provided per market upon request. ASSET TYPE FEE PER TRANSACTION MM, Area 1 9 MM, Area 2 15 EM, Area 1 25 EM, Area 2 40 EM, Area 3 100

4 PRODUCT FEES PRODUCT ANNUAL PRODUCT FEE General Investment Account 0 JISA/ISA 0 Personal Pension** 60* SIPP** 60* Offshore Bond*** 250 * Prices are inclusive of VAT. ** The Personal Pension and SIPP fee is 10bps, subject to a minimum of 15 and a maximum of 50 per annum plus VAT. An additional fee of 125 plus VAT applies to clients within drawdown. There is no fee for transfers in and the fee for transfers out will not exceed the previous year s fee. Property may be held in the SIPP (charges available upon request). *** The Offshore Bond is a 250 minimum fee with a 20bps holding/custody fee on the first 500,000, a 10bps fee on the next 500,000 and a flat 5bps on all holding above 1,000,000. This fee is in addition to any other fees that may be applicable.

5 ADMINISTRATION FEES PROCESS PROCESS FEE Request for Duplicate Document 10 Stock withdrawals per line stock 10 UK Transfers in per line of stock 0 UK Transfers out per line of stock* 10 Non-UK Transfers (available on request, vary with market) TBC Ad-hoc Documentation (probate/other) 50 Non-Electronic Correspondence** 10 Reports, Notices, Meeting & Voting Notifications 20 ISA Transfers in 0 ISA Transfers out* 0 ISA Account closures 0 BACS 0 UK Chaps 30 Non - UK Chaps (dependant on currency) TBC Cheques paid in 0 Cancelled cheque fee 25 Unpaid Direct debits fee 25 Internal Transfers 0 * Transfer out fees also apply to ISA stock transfers per line of stock, cash transfers are free. ** Paper statements and valuations twice per year will have a 10 fee. This is an estimated minimum, if postage is required on a more frequent basis or exceeds 10 per year, the additional costs will be passed back to the account holder.

6 GOVERNMENT & STOCK EXCHANGE FEES For exchange traded products there may be additional fees applicable. France and Italy have local tax on certain type of trades. Hong Kong, Singapore and South Africa also have complex additional fees applicable. The UK and Ireland have stamp duty and PTM levy collected when trading UK stamp duty is applicable on purchases at rate of 0.5%. Irish stamp duty is applicable on purchases at a rate of 1%. PTM is applicable on UK exchange transaction over 10,000 and is a flat fee of 1. ITP is applicable on Irish exchange transaction over 12,500 and is a flat fee of French Local tax of 0.3% is applicable on purchases where the market capitalisation of the French company being purchased is greater than 1,000,000. Italian Local tax of 0.1% is applicable on purchases where the market capitalisation of the Italian company being purchased is greater than 500,000. Hong Kong a stock exchange fee of 0.005% is applied to all trades (buys and sells). Hong Kong a transaction levy of % is applicable to all trades (buys and sells). Hong Kong stamp duty is applied to purchases at 0.1%. Singapore a stock exchange clearing fee of % is applicable on all trades (buys and sells), subject to a maximum of SGD 600. South Africa a stock exchange charge of % is applicable on all trades (buys and sells) subject to a minimum of R10.92 and a maximum of R South African a Security Transfer Tax of 0.25% is applicable on all purchases. South Africa a Financial Service Board charge is applicable on all trades (buys and sells) at %.

7 APPENDIX 1 MATURE MARKETS AREA 1 Belgium France Netherlands Italy Germany Ireland Spain USA Euroclear MATURE MARKETS AREA 2 Australia Denmark Japan Sweden Austria Finland Norway Switzerland Canada Hong Kong South Africa EMERGING MARKETS AREA 1 Brazil Malaysia Singapore Turkey Estonia Mexico South Korea Greece Poland Taiwan Hungary Portugal Thailand EMERGING MARKETS AREA 2 Argentina Egypt Luxembourg Russia China India Morocco Serbia Croatia Indonesia New Zealand Slovakia Cyprus Israel Philippines Slovenia Czech Republic Lithuania Romania UAE EMERGING MARKETS AREA 3 Bahreïn Colombia Latvia Qatar Bangladesh Ghana Mali Saudi Arabia Benin Guinea Bissau Mauritius Senegal Botswana Ivory Coast Niger Togo Bulgaria Jordan Nigeria Tunisia Burkina Faso Kenya Oman Ukraine Chile Kuwait Peru Vietnam