Maxi Service MasterAccount
The Maxi service offers clients a full, proactive service in which all financial planning advice and investment portfolio management services are included. The majority of your investments, ISAs, pensions, and trust investments will be held on a platform, allowing your assets to be consolidated and reported on in one place, and allowing you to view them online. As part of the service, we offer a full financial planning review. By including everything we can make a much clearer assessment of your financial position and ensure your investment strategy is tailored to meet your needs.
Clients will receive a comprehensive report twice a year. We will meet with you on a regular basis to review these reports and your financial position.
The Maxi service is likely to appeal to clients with at least £350,000 under our management. The features of the service are as follows:
- Discretionary or Advisory portfolio management
- Portfolio construction, using a clear and transparent asset allocation model, based on your objectives and attitude to risk
- Online daily access to your portfolio
- Proactive management of all investments in a bespoke portfolio
- Management of income and capital gains tax allowances
- Comprehensive printed report twice a year, providing information on performance, and a clear breakdown of the portfolio by asset class
- Half-yearly investment market bulletin and commentary
- Regular meetings to review the portfolio and provide financial planning advice, at least annually, and more frequently as required
- Unlimited contact by phone, e-mail, and letter
- Valuations at any time on request
- Consolidated tax statements at the end of the tax year
- Dialogue and meetings with other professional advisers (accountant, solicitor) as needed
- Client Newsletters
- Occasional client seminars and other events
- Access to nil commission insurance contracts
- No additional invoices and no time costs for any work undertaken except for the creation of the initial financial plan.
The cost of the service is normally a fee for the initial financial plan, based on our hourly rate. The initial charge for new investments and transfers in is 1%, and thereafter we will charge an annual fee of 0.5%-0.75% of the portfolio value per year, depending on the amount of money and the work involved.
The cost of discretionary portfolio management is an additional 0.8% per year for the MasterAccount with Deutsche Bank Private Wealth, and 0.65% per year for the Maxi Service with Vestra Wealth. There may be additional fund management and transaction costs, details of which will depend on the exact requirements of the client. Funds are bought at institutional rates, normally the cost of creating the units, and overall costs can be reduced by using ETFs, individual equities and gilts, where appropriate.