These are our charges

Should you have any questions or like to discuss any of the below in more detail, please do not hesitate to contact us on 0207 337 0777 or email us at [email protected].

 

Managed Portfolio Service

Fees

First £250,000

1.25%

£250,000 to £500,000

1%

£500,000 to £750,000

0.75%

Over £750,000

0.5%

Minimum £250 per quarter (excl. VAT)

Dealing Commission

Rate

UK Securities

First £15,000 consideration

1%

Balance

0.5%

Overseas Securities

First £25,000 consideration

1.5%

Balance

0.5%

UK Gilts, other Fixed Interest (unless ISAs or SIPPs)

First £15,000 consideration

1%

Next £35,000

0.5%

Balance

0.125%

All trades are subject to a £10 Compliance Charge, with a minimum £75 Dealing Commission

 

Certain trades may be subject to Incidental Charges (see below).

Advised Portfolio Service

Fees

Advised Portfolio Fee (excl. VAT)

0.5% of portfolios over £20,000 (maximum £62.50) per quarter

Global Custody Charges

Account Charge – From £5 (see reporting options below)

All securities – 0.025% of the value per security (minimum £6.25, maximum £75) per quarter

Commission on UK Equities

1.65% on first £15,000 (see below for full commission table).

Dealing Commission

Rate

Minimum

UK Securities

First £15,000 consideration

1.65%

£30

Balance

0.5%

Overseas Securities

First £25,000 consideration

2%

£70

Balance

0.5%

UK Gilts, other Fixed Interest (unless ISAs or SIPPs)

First £15,000 consideration

1%

£40

Next £35,000

0.5%

Balance

0.125%

All trades are subject to a £10 Compliance Charge

 

Certain trades may be subject to Incidental Charges  (see below).

Examples of Advised Portfolio Service Charges

Based on the initial investment of £100,000

10 UK Fund Trades of £10,000

Trade Related Costs

£1,750

Global Custody Charge

£270

Advised Portfolio Fee (excl. VAT)

£250

Total Annual Illustrated Charges

£2,270

Based on a portfolio of £100,000 with 10 holdings

2 UK Fund Trades per annum of £10,000 (buy and sell)

Trade Related Costs

£350

Global Custody Charge

£270

Advised Portfolio Fee (excl. VAT)

£250

Total Annual Illustrated Charges

£870

Advisory Services Reporting Options

This comprises part of our Global Custody Service.

Report Delivery method

Statement Frequency

Quarterly Account Charge

Online Only (default option)

Quarterly

£5.00

Online Only

Monthly

£8.75

Post and Online

Quarterly

£12.50

Post and Online

Monthly

£20.00

Incidental Charges (Managed and Advised)

Charges

Foreign Exchange (fx): Killik & Co will apply a spread to the fx rate received from the market

Trades less than £30,000: 0.5%

Trades £30,000 and over: 0.35%

Local Agent charge (will be applied on trades in overseas securities)

£10

Certificated trades

£25

Corporate Actions (including Rights Issues)

Standard commission with a lower minimum of £20

Where no consideration passes a flat of £20 may apply

Placings, IPOs, Venture Capital Trusts and Enterprise Investment Schemes (charged on total consideration regardless of size)

Up to 2.5%

Transfers out (in all cases cash is viewed as a single security. Stamp duty may also be applicable)

£25 per security

Payments out

BACS – Free
Faster payment – £15
CHAPS – £25
Cheque – £10

Probation Valuation

£10 per stock (minimum £50)

1% of value of assets identified by us as attracting Business Property Relief (Excluding AIM IHT Service)

Tax Services (charges increase commensurate with the work)

Standard fee: £200

Unauthorised Debit Balances

Interest charges at 15% over Barclays Bank Base Rate or 20%, whichever is higher

Wealth Planning

Basic Wealth Planning advice is included within our Portfolio Services. However, more detailed work will be subject to additional, pre-agreed charges.

Legal Identifier Service (excl. VAT)

£70 per annum

The following charges only apply on Advised Services

US Reporting Levy

(applies where account is held by a US person whose income and/or gains are reportable to the IRS)

£25 per quarter

US Securities Filing Levy

(applies where a US security is being held by a Non-US Person regardless of number of securities held)

£5 per quarter

Online reports are made available through our client portal, MyKillik.com, and through our App, which is available for download in the Apple or Android stores. Please speak to your Investment Manager if you require any help.

Reports available online currently include: Contract Notes, Statements, Tax Vouchers, Capital Gains Tax reports and Pension illustrations.

 

Notes

  • All fees are liable for VAT and have been indicated thus*. However, for the avoidance of doubt the following charges are exempt: Dealing Commissions and Global Custody Charges
  • Fees for trades with exceptional features or complexity may be subject to further agreement
  • The sale of an existing holding and its simultaneous repurchase within a different account incurs normal commission on the sale but the repurchase will be charged at the minimum commission levels stated above
  • We reserve the right to waive the 0.5% commission tier upon sales of investments recommended by us that have very significantly outperformed the market
  • Global Custody charges only apply to Junior ISAs, Child Trust Funds and Junior SIPPs once their value exceeds £20,000 or the child reaches 18 years of age, whichever is the sooner
  • Managed Portfolio Fees, Advised Portfolio Fees and Global Custody Charges are charged quarterly in arrears and are based on the value of the portfolio at the end of February, May, August and November
  • All charges applicable to the Advised Portfolio Service apply to the Advised Dealing Service with the exception of the Advised Portfolio Fee.