Fee Sharing Policy
A typical balanced portfolio fee of 1.5% per annum on the value of the assets is charged monthly in arrears, with up to 0.5% per annum trail paid to the IFA on a monthly basis. Albert E Sharp does not charge an initial fee, but an initial commission can be added for the introducing IFA (subject to a maximum of 3%). All initial and trail commissions are paid to the introducing IFA as close to the day they are collected as possible. Fee-sharing reports are run on a monthly basis and are sent to coincide with payment of the share of fees collected in the previous month. The report includes the fee date, the processing date, the fee type, your underlying client’s code, the portfolio name, the portfolio valuation, the total fee, the share of fee and the VAT on fee share, for all the clients under an agency code on one consolidated report.