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Administration

Investment Management Costs

A tiered investment management fee is charged. This is subject to an overall minimum of £500 per half year.

  • 0.85% on the first £500,000
  • 0.75% on the next £500,000
  • 0.5% on the next £1,000,000
  • 0.35% thereafter

Fees are calculated on the value of the portfolio semi-annually in arrears and are debited to the client’s income account with VAT added where applicable. The value will include the client’s principal portfolio, ISA portfolio, and balances on the capital account, and may be aggregated with other linked clients in order to benefit from the sliding fee scale.

Fees to introducing intermediaries

GBIM will collect initial and/or annual fees on behalf of introducing intermediaries according to the fee scale they have agreed in writing with their clients. GBIM will disclose to the client that a fee has been paid to a third party.

Dealing costs

No dealing commissions are levied by GBIM on transactions, thereby removing the conflict of interest that can exist where remuneration is linked to dealing volumes. Any OEIC or Unit Trust trail fees, discounts and introductory commissions are passed back in full to the client.We will reduce ongoing costs by only buying institutional units if possible. All transactions are processed by the custodian and may include stamp duty. No transaction charges will be made by the custodian or manager. With most direct securities we are able to deal net. Occasionally additional third party brokerage is incurred and normally amounts to around 0.2%.

Administration and custody fees

An all inclusive fee of 0.15% per annum on the value of the portfolio administered is collected half yearly in arrears.

CGT

GBIM will manage Capital Gains issues on an ongoing basis unless instructed otherwise. A CGT report will be issued as part of the year end tax package.

ISAs

GBIM will automatically subscribe clients’ annual allowance if funds are available unless instructed otherwise. Existing ISAs can be transferred and incorporated into an investment portfolio, either cash or in specie.

Cash Management

The custodian can offer term and deposit accounts that attract competitive rates of interest. It can also offer US dollar, Euro and Yen currency deposit accounts.

Security

All clients assets are ring fenced at the custodian. We have market leading insurance cover in the unlikely event of a loss of client assets though criminal negligence. We consider that providing the best possible security to be an important part of the WiP service.

Compliance

GBIM has a strong compliance culture. In respect of the investment management of their clients’ assets WiP may be able to help remove part of the intermediary’s compliance burden. GBIM has appointed an independent firm of APCC approved compliance consultants who both advise on and monitor the firm’s compliance procedures.

Probate service

All WiP client portfolios held with our custodians will receive free probate valuations for those assets.

Training & Support

GBIM are happy to provide training and support for our WiP partners.

Questions?

If you have any questions or require more information, please click the button below to send us a message via our contact form, or call one of our offices to speak to us.

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GBIM, Gore Browne and Gore Browne Investment Management are trading styles of GBIM Limited which is authorised and regulated by the Financial Conduct Authority (FCA number 593265) and is a limited company registered in England (07746731). Registered and Head Office at Chequers Court, 37 Brown Street, Salisbury, Wiltshire, SP1 2AS

Quick Contact

Harrogate Office: 01423 508040

Salisbury Office: 01722 424444

Lancaster Office: 01524 222622

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© Copyright 2017 Gore Browne Investment Management, Salisbury, Wiltshire, SP1 2AS. All rights reserved.
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