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Global Wealth
Chartered Financial Planners

Terms of Business


Introduction

These terms of business set out the basis on which we will provide our services and advice to you. These terms of business are valid from March 2020 until further notice.

Please ensure that you read these terms thoroughly. If you have any queries, please feel free to contact us and we will endeavour to clarify matters for you.

Global Wealth has offices at: 66 Fitzwilliam Square, Dublin 2, Ireland

The contact details for the company are:

            Phone number:                        01 539 7246            
            E-mail address:                      
info@globalwealth.ie

Regulatory Status

Fermat Point Ltd T/A Global Wealth is regulated by the Central Bank of Ireland under the Investment Intermediaries Act 1995 and is registered as an insurance intermediary under the Insurance Distribution Regulations 2018.  As an intermediary, we represent the customer and will provide advice on the basis of a fair analysis of the whole marketplace for financial products and offer you the option of paying for advice by a fee. Global Wealth can receive and transmit orders on your behalf for products from any of the product providers from which Global Wealth holds a written letter of appointment.  Global Wealth has access to a wide range of product providers operating in the Irish market as well as internationally (see Appendix A).

Our Authorised Status reference number is 124947. This can be verified by checking the register of financial service providers on the Central Bank of Irelands website. A copy of our statement of Authorised Status can be found in Appendix B

Codes of Conduct

We must comply with these codes which offer protection to a consumer:

Consumer Protection Code – Global Wealth is subject to The Central Bank’s Consumer Protection Code which offers protection to consumers.

Global Wealth is also subject to and complies with the Minimum Competency Code and the Fitness and Probity Standards as laid down by the Central Bank of Ireland. These codes can be found on the Central Bank website www.centralbank.ie

Financial Planning Standards Board (FPSB) – CERTIFIED FINANCIAL PLANNER professionals are subject to a Code of Ethics and Professional Conduct of the FPSB in Ireland. The code can be found on the FPSB website www.fpsb.ie.

Chartered Insurance Institute (CII) – CHARTERED FINANCIAL PLANNER professionals are subject to a Code of Ethics and Professional Conduct of the CII in the UK. The code can be found on the CII website www.cii.co.uk/code

Consumer Protection

We are members of the Investor Compensation Scheme established under the Investor Compensation Act, 1998. This legislation provides for the establishment of a compensation scheme and to the payment, in certain circumstances, of compensation to clients of firms covered by the Act. However, you should be aware that a right to compensation will only arise where money or investment instruments held by this firm on your behalf cannot be returned either for the time being or in the foreseeable future and where the client falls within the definition of eligible investor as set out in the Act. In the event that a right to compensation is established, the amount payable is the lesser of 90% of your loss which is recognised as being eligible for compensation or €20,000. Your legal rights are not affected by this scheme. In addition to the above mentioned compensation scheme we also hold Professional Indemnity Insurance.

Conflict of Interest

It is our policy to avoid any conflicts of interest when providing business services to clients. However, where an unavoidable conflict may arise we will advise you before providing any such service. If you have not been advised of any conflict you may assume that none arises.

PortfolioMetrix Asset Management

Fermat Point Ltd trading as PortfolioMetrix Ireland is the distributing partner for PortfolioMetrix Asset Management in Ireland. PortfolioMetrix provides professional discretionary portfolio management services to financial advisers and private wealth managers including Global Wealth.

We therefore wish to disclose that there is a potential conflict of interest between the two trading names of Fermat Point Ltd. However, Global Wealth is required to conduct a fair analysis of the market (see below) and will only introduce you to the PortfolioMetrix Asset Management Service where it is suitable for your requirements. In every respect Global Wealth will provide advice which is both suitable and appropriate for you.

In order to minimise the impact of this particular conflict, arrangements are in place which means that Fermat Point Limited t/a Global Wealth does not receive any additional benefit from any commission/fee or receive any other monetary benefit in relation to any recommendation which includes Portfoliometrix services.                  

For the avoidance of doubt, Global Wealth reduces its fees to reflect the additional payment arising from PortfolioMetrix Ireland.        


Complaints

We have written procedures in place for the effective consideration and handling of complaints. Any complaint that you may have in relation to any products should be addressed to the Compliance Officer, 

Global Wealth, 66 Fitzwilliam Square Dublin 2, telephone 01 539 7246. Each complaint will be acknowledged by us within 5 working days of receipt, updates will be advised in intervals of not more that 20 working days, we will endeavour to resolve the complaint within 40 business days and findings will be furnished to you within 5 working days of completion of the investigation. If you are dissatisfied with our handling of the complaint or our response to it you may refer the issue to the Financial Services & Pensions Ombudsman who can be contacted

Financial Services & Pensions Ombudsman, Lincoln House, Lincoln Place, Dublin 2, D02 VH29

Tel 01 567 7000

E Mail info@fspo.ie

Product Suitability

The suitability of all financial products depends on many factors and we undertake to use our experience and expertise in considering all relevant factors before recommending any product to you.  We will provide advice to you in the areas where we are authorised to do so. In order for us to fully assess your financial needs it is important that you provide all information we request from you.  If you do not do so the advice we provide may not be as suitable had the full information been provided.  Before purchasing any product you will be advised of the product’s suitability and given a statement of reasons why, in our opinion, the product is suitable for your needs. All advice given will be based on our understanding of current law and Revenue practice. It may be that subsequent changes might affect the recommendations that have been made and these may need to be reviewed as a result. You may wish to contact us for a further financial review in that event.

Fair analysis

Fair analysis is defined in the Consumer Protection Code (2012) as “providing services on the basis of a sufficiently large number of contracts and product producers available on the market to enable the intermediary to make a recommendation, in accordance with professional criteria, regarding which contract would be adequate to meet the consumer’s needs

As a fee-based adviser we provide all clients with a personal letter of engagement which sets out our fees for the services we provide. Our advice is unrestricted and not dependent in any way on commission being available and/or the level of commission offered by product providers. This increases the range of products available to us from which to conduct a fair analysis.

Our Advisory Portfolio Key Features and Investment Philosophy documents set out full details of the analysis that we conduct in respect of Investment Services.

The Services We provide

Investment Intermediary Services

Global Wealth provides a comprehensive Financial Planning and Wealth Management Service. 

Global Wealth is authorised by the Central Bank of Ireland to conduct Investment business under the Investment Intermediaries Act, 1995 (as amended). We are authorised to provide investment advice and receive and transmit orders on behalf of customers as it relates to investment instruments including;

(i) Shares in a company or bonds that are listed on a stock exchange, prize bonds;

(ii) Units or shares in undertakings for collective investment scheme, including unit trusts and UCITS

(iii) Tracker Bonds

(iv) Insurance Policies

(v) Personal Retirement Savings Accounts (PRSAs)

  

The firm is also authorised to act as a deposit broker and to give advice in relation to deposits.

In relation to the above investment services and instruments, we offer the following services to our customers:

  • Discretionary Portfolio Management: We may from time to time introduce you to firms which have Discretionary portfolio management capabilities; and
  • Advisory Services: an advisory service is where we will offer you advice on your proposed investments, as necessary. Where you have an advisory account, you are not obligated to act on any advice given to you by us and you are solely responsible for your investment decisions. All instructions must be approved by you.

Insurance Distribution Services

Ancillary to our primary role as a Wealth Manager, we may from time to time identify a need to arrange protection through contracts for Insurance. If we identify a need to arrange a suitable contract of Insurance, we may introduce you to a carefully selected Insurance Broker, which may be a group company, to arrange the contract for you. 

Handling Money, Receipts and Business Processing, Premium Handling

Payments should be made in favour of the provider of the product and not to us.  We will issue a receipt for each payment received.  Your application to a product provider will be submitted to it provided we have received all necessary documentation required to evidence compliance with regulatory requirements. 

  • Global Wealth does not hold client funds. 
  • Global Wealth does not handle client premiums.

Your Duty of Disclosure to Insurers and Duty of Utmost Good Faith

The law in the Republic of Ireland deems insurance to be a special class of contract which imposes onerous duties upon prospective Insured’s and their agents, who are obliged to act with utmost good faith towards Insurers at all times. In addition, they are obliged to disclose to Insurers, before the contract is concluded, all material information that is known to them. If there is any breach of these duties the Insurers will be entitled to cancel the policy of insurance from inception, if the breach induced the making of the contract on the relevant terms, as well as seeking the recovery of all claims already paid under the policy. These duties of utmost good faith and disclosure also apply to the claims process.  In completing a proposal form or claim form or other documentation relating to an insurance policy, the accuracy of all answers, statements and / or information is your sole responsibility.

Taxation

As an Irish Resident, you are solely responsible for your obligations to file a tax return with Revenue each year. We also have certain reporting obligations (Form 8d) as your wealth manager which require that we file details of any relevant transactions each year with Revenue. We can provide you with a copy of our filing to Revenue on request.

We will also use our best endevours to assist you, and/or your nominated tax adviser to access transaction reports and income statements from the custodian(s) for the account(s) that we advise upon.

To the extent that our advice may impact on your tax reporting obligations we provide our clients with a tax guide. This document has been prepared for information and educational purposes only and should not be relied upon by any individual. We recommend seeking specific guidance from a competent tax consultant on the suitability of any course of action for your unique circumstances.

The level and bases of taxation are based on current legislation and may change in the future.

The Central Bank of Ireland does not regulate tax advice.

Claims

Claims should be advised to the insurer when the claim arises.  The insurer will advise you of its claims requirements and provide you with a copy of its claims process on request.  If you experience any difficulty with the insurer’s claims process you should contact us.

Product Provider Security

We seek insurance and investment contracts for you from Institutions with which we hold a written appointment and from which we consider offer an appropriate product to meet the needs identified. We cannot and do not guarantee the solvency or continuing solvency of any Institution used and you should note that the financial position of an Institution can change at any stage.

Financial Planning and Consultancy Fees

As an integral part of our Wealth Management Service, we will prepare an initial financial plan that will recommend suitable arrangements to meet your long-term objectives. The report will include a statement of your objectives, a statement of our understanding of your attitude to investment risk, an assessment of your existing arrangements and recommendations for any changes that we think necessary in pursuit of your objectives.

Financial Planning fees are calculated on the basis of the time spent on the plan and the charging rate depends upon the complexity of the task and the seniority, qualifications, knowledge and experience of the individual advising or assisting you. Before commencing work, you will be notified of the estimated level of fees in your case.

We would not expect the value of the time to exceed the estimate and even it does so by a small amount, it is our practice to stick to our estimates where possible. However, for completeness, we should mention that if there are changes to the scope of or our understanding of the work involved, it may become necessary to revisit the estimates given.

Further details of our fees can be found here and in Appendix C and your personal letter of engagement.

Please note that the Central Bank of Ireland does not directly regulate the Global Wealth Financial Life Planning Service which may include general guidance or information in relation to your pension and retirement planning needs, protection policies, investments, or Tax and Estate Planning.

Information on this website is not and should not be construed to represent financial advice as it does not take into account the objectives, knowledge and experience or circumstances of any particular person.

Prospective clients should make their own assessment of the information provided and obtain advice suitable to their own individual circumstances. Global Wealth Financial Life Planning may include general guidance or information on tax and estate planning. Please note that Global Wealth does not provide tax or legal advice, nor accept liability for it. Our service is intended to integrate with tax and legal advice from third-party professionals


Insurance and Risk Management Policies

As noted above, if we identify a need to arrange a contract of Insurance, we will refer you to a carefully selected Insurance Broker which may include a Group Company.

Termination of your agreement

You or we may terminate our authority to act on your behalf at any time, but the termination must be communicated in writing (to us the address shown below) and cannot be backdated. The termination will be without prejudice to the completion of any transactions already initiated and you remain responsible for the payment of any fees and expenses incurred up to the date of termination, or to the date of completion of any transactions in progress, whichever is the later.

Failure to pay or default on an Insurance Premium

Your insurer may cancel your policy in certain circumstances including failure to pay premiums. These conditions are clearly set out in all policy documents.

Anti-Money Laundering

Global Wealth is required under the Criminal Justice (Money Laundering and Terrorist Financing Act) 2010-2013 to identify and verify both our direct and indirect clients. We are likely to request from you, and retain, some information and documentation for these purposes and/or make searches on appropriate data-bases. If satisfactory evidence of your identity is not provided, there may be circumstances in which we are not able to proceed with your business transaction.

Further to the above, if we have reasonable grounds to believe that a transaction(s) or activity is suspicious, we are legally required to report such suspicions to the Garda Síochána and the Revenue Commissioners.

Data Protection

Fermat Point Limited t/a Global Wealth is a data controller (as defined by GDPR and the Data Protection Acts 1988 and 2003, as may be amended). Global Wealth is committed to protecting and respecting your privacy.

Any personal data and information provided to Global Wealth will be collected and held on computer, and/or in printed form or otherwise, retained and processed (as defined under GDPR and the Data Protection Acts, 1988-2003, as may be amended) by Global Wealth for the purposes of providing financial advice and related services to you.  

Global Wealth will keep your personal data confidential, but may disclose it to third parties where necessary for the purposes of providing the above service to you, including to, inter alia, associated companies, financial institutions, your other advisers and other parties with whom Global Wealth has contractual arrangements to provide financial products and ancillary and support services, and to regulatory and other governmental bodies where required by or under any enactment or rule of law or court order, including, inter alia, the Revenue Commissioners, Regulators/Competent Authorities and the Pensions Authority.

We try to make sure that the information we have about you is accurate and up-to-date.  Sometimes we may ask you to verify that the information we have remains accurate.  If your information changes, or you believe we have information which is inaccurate or not up-to-date please let us know and we will change it.

To find out more about how we interact with your personal data, you can read our full Privacy Notice on our website: Privacy Policy

If you have any questions about how we process your data or wish to exercise any of your data privacy rights you can request same by emailing: dataprotection@globalwealth.ie

Distance Marketing and Electronic Signatures

As part of our business operations Fermat Point Ltd t/a Global Wealth will often deliver our services remotely to customers over telephone, internet or other electronic methods. In doing so where the services are delivered exclusively over electronic methods, we adhere to Distance Marketing Regulations which are additional measures over and above those required for face-to-face meetings. These regulations include;

Provision of Information

Where a proposed financial product or service contract is to be subject to the Distance Marketing Regulations, the supplier of the distance contract must provide certain information to the consumer before the consumer is bound by the contract:

  • The supplier
  • The financial service to be provided
  • Cooling-off period
  • Right of redress if things go wrong

Certain specified information must be supplied regarding:

 • The Supplier:

  • the identity and the main business of the supplier
  • the geographical address at which the supplier is established and
  • any other geographical address relevant for the customer's relations with the supplier

• The financial service to be provided

  • a description of the main characteristics of the financial service provided under the distance contract
  • the total price to be paid by the consumer to the supplier for the financial service including all related fees, charges and expenses, and all taxes paid via the supplier or, when an exact price cannot be indicated, the basis for the calculation of the price enabling the consumer to verify it
  • any limitations of the period for which the information provided is valid
  • the provision of risk warnings where the financial service is linked to investments or factors which can fluctuate in value, e.g., unit-linked investments.

• Right to withdraw from the contract

the arrangements for cooling off and withdrawing from the contract

• Right of redress

details of any ‘out of court’ complaint and redress mechanism under the contract, e.g. right to complain to the Financial Services and Pensions Ombudsman.

The information must be supplied to the consumer in a “clear and comprehensible (manner) taking into account the means of communication used”. This includes a requirement that the information supplied to the consumer:

a. “is easily, directly and at all times accessible to the consumer of the financial service concerned, and b. can be stored by the consumer in a durable medium.”

Telephone Sales

In relation to telephone sales:

  • where the supplier rings the consumer, the identity of the supplier and the commercial purpose of the call must be made explicitly clear at the beginning of the conversation with the consumer;
  • if, during the course of the conversation, the consumer expressly waives his or her right to receive the detailed information outlined above before conclusion of the contract, more limited information may be provided to the consumer on the phone, provided the full information is provided in writing immediately after the contract is entered into.

Supply of Terms of the Distance Contract

The Regulations require the supplier of a distance contract “within a reasonable time before entering into a distance contract ... give to the consumer, in writing or in some other durable medium and accessible to the consumer ... all of the terms of the contract.”

However, if a distance contract is entered into at the request of a consumer, and the means of distance communication used does not allow the information about the terms and conditions of the contract and the other information outlined above to be given to the consumer before the contract is concluded, the supplier can comply with the obligation immediately after the contract is entered into.

Ongoing Consumer Rights

While the distance contract is in force:

  • the consumer can request the supplier to provide the contractual terms and conditions printed on paper, at any time;
  • the consumer can request the supplier to change the means of distance communication, e.g. from phone to email, or vice versa, unless to do so would be inconsistent with the contract or the nature of the service.

Enforceability of Distance Contracts

A distance financial contract is not enforceable against the consumer if the supplier has failed to comply with the Regulations.

Cooling-Off Period

There is a standard cooling-off period of 14 days for distance financial contracts, other than life assurance and personal pensions where the cooling-off period is 30 days. However, the cooling-off right does not apply to certain financial services whose price depends on fluctuations in the financial market outside the supplier’s control, which may occur during the cooling-off period.

The following are specifically excluded from the cooling-off right under the Distance Marketing Regulations:

• financial services related to:

  • foreign exchange
  • money market instruments
  • transferable securities
  • units in collective investment undertakings
  • financial-futures contracts
  • swaps and options

• contracts entered into at the consumer's express request whose performance has been fully completed by both parties before the consumer exercises his or her right of withdrawal.

Where a consumer exercises a cooling-off right, he or she can be made pay only for the financial services actually provided during the period before he or she exercised the cooling-off right; however, in the case of life assurance and personal pension contracts the consumer is entitled to a full refund of any premium paid, within the 30 day cooling-off period, less any investment losses during the period the policy was in force.

Furthermore, as part of any such contracts entered into at the distance, we will make

use of electronic signatures. By using our services, you consent to the use of electronic signatures if they are so required.

Governing Law

These Terms of Business shall be governed by and construed in all respects according to the laws of the Republic of Ireland and are valid from March 2020 until further notice.

Appendix A -Product Providers 

Fermat Point Ltd  currently holds written appointments directly with the following Irish product providers:

  • Independent Trustee Company Ltd
  • Irish Life
  • Zurich Life Assurance plc
  • New Ireland Assurance Company
  • Harvest Financial Services
  • Conexim Advisers
  • Aviva
  • Royal London 
  • Wealth Options
  • Cantor Fitzgerald

Furthermore, we are members of the Broker Assist network an outsourced service provider to Financial Advisers.

However, the Global Wealth service is mainly delivered via the following Independent Custodians

  • Royal Bank of Canada (Channel Islands) 
  • Canacorrd Genuity (Channel Islands)
  • Capital International Group (Isle of Man)
  • Conexim (Ireland)
  • Moventum (Lux)
  • Charles Schwab (UK)

Through the Independent Custodians our clients have access to a wide range of Exchange Traded Investments and Collective Investment Funds 

PortfolioMetrix Asset Management

Fermat Point Ltd trading as PortfolioMetrix Ireland is the distributing partner for PortfolioMetrix Asset Management in Ireland. Where suitable, Global Wealth will introduce clients to PortfolioMetrix Asset Management.

PortfolioMetrix provides professional discretionary portfolio management services on a “whole of market basis” to financial advisers and private wealth managers.

Appendix B - Statement of Authorised Status 

APPENDIX  C - Fee Tariff

In compliance with section 4.58A of the Consumer Protection Code 2012 as amended ("the act"), a summary of the details of all arrangements for any fee, commission, other reward or remuneration paid or provided to Global Wealth which it has agreed with product producers is available on our website.

As a fee-based Financial Planner, Global Wealth does not rely on fees or commissions paid at the discretion of product producers (“commission-based remuneration”) but rather via a letter of engagement directly with each consumer (“consumer-agreed remuneration”)

Fermat Point Ltd t/a Global Wealth does not intend to arrange any contracts with product providers on the basis of commission-based remuneration.

Fermat Point trading as Global Wealth, earns it’s income in the context of these regulations, in the form of advisory fees which can take the form of professional consultancy fees (“financial planning”) initial implementation fees payable when setting up an investment or pension product (“intermediation”) and ongoing advice fees payable each year for the ongoing servicing of the investment or pension product (“intermediation”).

Certain independent custodian and execution venues ("collectively known as platforms") may facilitate the collection and payment of these fees on behalf of our clients, but for the avoidance of doubt, these fees are all agreed directly with the consumer and are not under the control of the product provider.

Financial Planning Fees

At your request, we will prepare an initial financial plan that will recommend suitable arrangements to meet your long-term objectives. The report will include a statement of your objectives, a statement of our understanding of your attitude to investment risk, an assessment of your existing arrangements and recommendations for any changes that we think necessary in pursuit of your objectives.

Financial Planning fees are calculated on the basis of the time spent on the plan and the charging rate depends upon the complexity of the task and the seniority, qualifications, knowledge and experience of the individual advising or assisting you. Before commencing work, you will be notified of the estimated level of fees in your case.

A minimum fee of €2,500 applies to all plans. Additional fees may be payable for specific Wealth Management modules (see your letter of engagement for details) which can be added at outset or subsequently.

Financial Planning fees are subject to VAT.

Please note that there is no obligation to undertake a Financial Planning Plan if you simple wish to invest in one of our portfolios (see implementation below)

Please note that the Central Bank of Ireland does not directly regulate the Global Wealth Financial Life Planning Service which may include general guidance or information in relation to your pension and retirement planning needs, protection policies, investments, or Tax and Estate Planning.

Information on this website is not and should not be construed to represent financial advice as it does not take into account the objectives, knowledge and experience or circumstances of any particular person.

Prospective clients should make their own assessment of the information provided and obtain advice suitable to their own individual circumstances. Global Wealth Financial Life Planning may include general guidance or information on tax and estate planning. Please note that Global Wealth does not provide tax or legal advice, nor accept liability for it. Our service is intended to integrate with tax and legal advice from third-party professionals

Wealth Management Services

Each area of our Wealth Management Service is described as a separate service with an estimated fee for each component.

By applying a modular approach, prospective clients are able to engage with our Wealth Management Consulting Service in a way that best suits their particular requirements.

We would not expect the value of the time to exceed the estimates in the Schedule and even it does so by a small amount, it is our practice to stick to our estimates where possible. However, for completeness, we should mention that if there are changes to the scope of or our understanding of the work involved, it may become necessary to revisit the estimates given.

Our services can incorporate the needs of a Company, a Trust or Partnership and/or several generations of a family. We are happy to work with our Wealth Management client’s children on a pro-bono basis until they reach age 30.

Our Comprehensive Wealth Management Services can include:

  • Risk profile analysis
  • Investment and asset allocation strategies
  • Lifetime cash flow analysis
  • Co-ordination of your total net income and net worth to your objectives.
  • Pension and retirement strategies
  • Insurance and protection analysis
  • Estate Planning and Philanthropy

A Financial Plan is an integral part of our Wealth Management service and we will keep your plan under review to afford the best chances of meeting your objectives. We will provide you with a summary valuation of your investment portfolio at least every twelve months. On an annual basis, we will confirm if there have been any changes in your objectives and recommend any changes to your portfolio as necessary.

Implementation Fees

We may charge a minimum fixed implementation fee of €1000 per account for Pension and Investment portfolios. We may also charge a variable fee of up to 1% depending on the size of the investment made. In practice our Fees reduce substantially for larger investments however please note that minimum fees apply to certain services. Full details are available upon request and are set out in more detail in your personal letter of engagement

Implementation fees will be collected via the Independent Custodian account as an intermediation fee and, as such, are not subject to VAT.

Progress Fees

We will keep the portfolio under review to afford the best chances of meeting your requirements. We will provide you with a summary valuation at least every twelve months. On an annual basis, we will confirm if there have been any changes in your objectives and recommend any changes to your portfolio as necessary. Annual fees will be charged on the basis of all cash and investments that are being used to satisfy your requirements.

The annual fee covers the cost of the following work:

  • Discussing any changes to your goals and objectives
  • Providing access to ongoing advice and information as required
  • Reviewing your asset allocation between cash, bonds, equities and alternative holdings in line with your objectives and attitude to investment risk
  • Rebalancing of investment funds to maintain an appropriate asset allocation
  • Providing a review meeting to update your financial plan

For our advisory annual review service we charge up to 1%pa of the value of your portfolio. Our Fees reduce for larger investments however please note that minimum annual fees apply to certain services. 

For our discretionary annual review service, Global Wealth charges an ongoing fee of up to 0.50% of the value of your portfolio.

Full details are set out in your personal letter of engagement. A minimum annual fee of €1000 per account apples to all Advisory portfolio unless specifically waived in writing by Global Wealth.

Consultancy

Should additional work be required outside of the services described above,  for example expert witness or similar consultancy services, our typical hourly charges for consultancy are:

 

Head of Dept

€300 - €400 per hour plus VAT

Adviser/Technical Specialist

€150 - €250 per hour plus VAT

Paraplanner/Technical Support

€100 - €200 per hour plus VAT

Personal Assistant/Business Co-ordinator

€50 - €100 per hour plus VAT


 

Appendix D -Code of Ethics and Professional Responsibility

 

Principle 1 – Best interests of Clients

Act in the best interest of clients.

Acting fairly, honestly and professionally in the best interests of the client is a hallmark of professionalism, requiring the financial planner to act honestly and not place personal gain or advantage before the client’s best interests.

Principle 2 – Integrity

Provide professional services with integrity.

Integrity requires honesty and candour in all professional matters. Financial planners are placed in positions of trust by clients, and the ultimate source of that trust is the financial planner’s personal integrity. Allowance can be made for legitimate differences of opinion, but integrity cannot co-exist with deceit or subordination of one’s principles. Integrity requires the financial planner to observe both the letter and the spirit of the Code of Ethics.

Principle 3 – Objectivity

Provide professional services objectively.

Objectivity requires intellectual honesty and impartiality. Regardless of the services delivered or the capacity in which a financial planner functions, objectivity requires financial planners to protect the integrity of their work, manage conflicts and exercise sound professional judgment.

Principle 4 – Fairness

Be fair and reasonable in all professional relationships. Disclose and manage conflicts of interest.

Fairness requires providing clients what they are due, owed or should expect from a professional relationship, and includes honesty and disclosure of conflicts of interest. It involves managing one’s own feelings, prejudices and desires to achieve a proper balance of interests. Fairness is treating others in the same manner that you would want to be treated.

Principle 5 – Professionalism

Act in a manner that demonstrates exemplary professional conduct.

Professionalism requires behaving with dignity and courtesy to clients, fellow professionals, and others in business-related activities, and complying with appropriate rules, regulations and professional requirements. Professionalism requires the financial planner, individually and in cooperation with peers, to enhance and maintain the profession’s public image and its ability to serve the public interest.

Principle 6 – Competence

Maintain the knowledge and skill necessary to provide professional services competently.

Competence requires attaining and maintaining an adequate level of knowledge, skills and abilities in the provision of professional services. Competence also includes the wisdom to recognise one’s own limitations and when consultation with other professionals is appropriate or referral to other professionals necessary. Competence requires the financial planner to make a continuing commitment to learning and professional improvement.

Principle 7 – Confidentiality

Protect the confidentiality of all client information.

Confidentiality requires client information to be maintained and protected in such a manner that allows access only to those who are authorised and legally entitled to access that information. A relationship of trust and confidence with the client can only be built on the understanding that the client’s information will not be disclosed inappropriately.

Principle 8 – Diligence

Provide professional services diligently.

Diligence requires providing services in a timely and thorough manner, and taking due care in planning, supervising, and delivering professional services.

Terms of Business effective March 2020