Wealthtime Ltd

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What are the Fees?

The table below sets out the fees applicable under the Wealthtime Private Client Service on a percentage of fund basis when using the Wealthtime Light Service. Please also read the Notes at the foot of the table for additional information.

Notes
Investments made through the Wealthtime Light Fund Supermarket may attract initial discounts and/or regular rebates. Unless specifically prevented by a Fund Manager, these discounts will be passed on to your Product and the full amount of all rebates received by Wealthtime will be credited to your Product Bank Account.

Transaction Fees
We will charge you a Transaction Fee, which will cover all the Transactions that take place in respect of your Wealthtime Private Client Service. We will not make any charge for management or administration of the Wealthtime Private Client Service. The amount of the Transaction Fee will consist of two parts, quarterly Transaction Fees and other Transaction Fees (as explained in 1 and 2 below):

1 Quarterly Transaction Fees
The value of the quarterly Transaction Fee will be calculated using the Transaction Fee rate set out in the table above, divided by 4 to get the quarterly rate and applied to the valuation of the overall Portfolio.

Quarterly Transaction Fees will be applied to your Wealthtime Private Client Service on or around the 7th of the month following their calculation and will normally be allocated pro-rata to the relevant Product Designated Bank Account. The quarterly Transaction Fees for the Offshore Bond will be taken on or around the 7th of the month or the next available date that there are sufficient funds within the Product Designated Bank Account.

Your Wealthtime Private Client Service valuation will be calculated on the quarterly anniversary of the date your Wealthtime Private Client Service was opened, and we will use our reasonable endeavours to obtain a valuation based on the last known asset value. Where a daily price for an asset is not available to us we will use the latest available price. We reserve the right to charge our fees to the next quarterly transaction calculation date where the Product is closed before that date.

Whilst we will use our reasonable endeavours to ensure the accuracy of the valuations we do not accept liability for errors, except errors arising as a direct result of our own wilful default. In no event will we accept liability for errors or omissions in regard to valuations provided by third parties.

2 Other Transaction Fees
The other Transaction Fees cover the cost of paying Fees/Commission to your Financial Adviser, at the rate that you agree with him/her. This is paid by reference to the valuation of the underlying assets that comprise the Products.

In addition other Transaction Fees cover the cost of initial investment commission on any purchases of Wealthtime Light Fund Supermarket Funds which will be deducted from cash held by us relating to your Products, prior to the investment in the Products being made. All fees/commission will be as agreed by you with your Financial Adviser and specified in your Adviser Fee/Commission Agreement or on your Application Form or by you in writing.

Bank Interest - Wealthtime receives no payment from Barclays in respect of any monies held within your Wealthtime Private Client Service Product Bank Accounts. The current rate of interest applied to cash held in your accounts is 0.05% below Base Rate. Interest rates are subject to variation. Interest is credited quarterly.

Additional fund management charges apply when you buy funds. These will include the charges of the Investment Fund Manager. Selftrade and Barclays Stockbrokers Limited will make additional charges for trading in stocks and shares, including ETFs. Stamp duty is also payable on share purchases. More information on the Barclays Stockbrokers' dealing and inactivity charges can be found at www.stockbrokers.barclays.co.uk. Where Wealthtime uses Selftrade for the purposes of arranging trades in ETFs under their omnibus bulking up facility, Selftrade currently charges up to £12.50 per trade. There are currently no additional annual charges payable but please note there may be charges in connection with for example corporate actions. Any alternative execution only stockbroker or discretionary investment manager or Offshore Bond Provider you choose will make additional charges. Please refer to their relevant terms and conditions.

For any work we have to do outside our normal responsibilities e.g. involvement in litigation or protracted negotiations involving third parties we reserve the right to charge extra on a time cost basis. This will only be in exceptional circumstances. We will charge up to £100 per hour depending on the seniority of the individual dealing with the matter and will only proceed once we have your agreement. We will give you an estimate of the total cost where this is practical otherwise we will obtain your authority for 10 hours work initially and then, if necessary, for additional 10 hour periods until the matter is completed. We also reserve the right to make an additional charge of up to £60 for complicated asset transactions, such as Second-hand Endowment Policies and also for complicated adhoc valuations.

Bank charges (other than for CHAPS and foreign payments) are not currently payable on the designated Product Bank Accounts but this may change in the future. Payments will normally be made by BACS which is free but CHAPS (same day) payments, which will only be used when necessary or where there is a short investment settlement period, will be charged for by the bank as will foreign payments and the charge will be debited directly from your designated Product Bank Account. Please note that for some investments, the fund managers may require CHAPs payments. CHAPS is currently charged up to £7.50 per payment.

SIPP property purchase is charged for separately. See our SIPP Property Key Facts.

A separate SIPP will be established to accept contracted out / protected rights transfers.

Wealthtime fees are not currently subject to VAT, but this may change in the future. Fees of third parties may be subject to VAT.

* A family means a husband, wife, their children and a civil partnership.