KIIDs

Information and access to Key Investor Information Documents

Terms and Conditions of Business

This document provides you with details of our services and their cost, our and your commitment and our regulator, and is our standard terms of business upon which we intend to rely. Please read this document carefully and if you do not understand any point please ask for further explanation.

Who Regulates Us

We are authorised and regulated by the Financial Conduct Authority. Our regulated activities comprise arranging investments on an execution only or direct offer basis. We do not give financial advice. If you are unsure whether an investment is suitable for you, you should seek independent advice from a qualified professional. Our FCA register number is 187990.

The FCA’s contact details are:

25 The North Colonnade, Canary Wharf, London, E14 5HS, United Kingdom.
Tel: 0845 606 1234

Client Categorisation

We will treat you as a Retail Client unless we agree with you otherwise. Retail clients have the highest level of protections under the regulatory regime. We will communicate to you in English both verbally and in writing.

Client Confidentiality

We will hold all information about you in line with the requirements of the Data Protection Act 1998. In giving us personal information, you agree to us providing this information to third parties such as product providers and credit reference agencies. This is to allow us to meet with the record-keeping and regulatory requirements of the Financial Conduct Authority. The aim is to protect you under the Financial Services and Markets Act 2000. You and your agents are able to see all information we hold relating to you at any time.

Conflicts of Interest

We will notify you in writing of any conflict of interest that may exist between the work we are doing for you and any of our other clients or ourselves. We will tell you about the extent of any conflict of interest that exists or that may arise and if necessary make arrangements for another company to act as your agent.

Instructions

We require our clients to give us instructions in writing to avoid possible disputes. We will, however, accept oral instructions if they are recorded or subsequently confirmed in writing.

Termination

You or we may terminate our authority to act on your behalf at any time, without penalty. Notice of this termination must be given in writing. Termination will not prejudice the completion of transactions already initiated on your behalf or any rights or obligations already arising.

Our Services

We will process your investments on an execution only basis and offer you on-going administrative assistance. Where applicable, we will send you half-yearly fund monitoring and valuation reports and provide online services via our website to help you manage your investments. These services are funded by renewal commission which is typically 0.5% per annum and incorporated into a fund’s annual management charge.

In general, any initial commission payable is re-invested back into your investment. Where this is not possible, we will send you a rebate by way of cheque or electronic payment. Occasions may arise whereby it will be necessary to levy an initial or on-going fee for arranging an investment, for example where no commission is payable. In such circumstances, we will inform you in writing of our charges which would normally then be deducted from your investment. Where this is not possible, fee invoices will be issued requesting payment directly from you.

We reserve the right to change the basis on which we share commission with you or charge fees including the basis of the calculation, the dates payable and the amounts or percentages with 14 days notice.

Fees on Commission-free Funds (non-platform)

If we arrange or you hold a commission-free fund through our agency that doesn’t pay renewal commission, we will charge a service fee of 0.5% per annum as your servicing agent. Our fee will be calculated monthly, based on the value of your commission-free fund on the last business day of each month and payable bi-annually in arrears. Fees are based on whole months. No fees are payable for investments held for part of a month.

Fees on Commission-free Funds (platform)

If you hold funds in a platform like Cofunds or FundsNetwork on which commission is not payable, for example, clean share class funds (or where we reinvest 100% of our renewal commission), we will charge a service fee of 0.5% p.a. of the value of your investments. Fees will be calculated and paid in accordance with the relevant platform’s terms and conditions. These are available on request.

Unsolicited Promotions

We may contact you in the future by means of an unsolicited promotion (by telephone, email or post) should we wish to discuss the relative merits of a particular product or service which we feel may be of interest to you. You may ask us not to contact you by writing to us at: Elson Associates Plc, 5 Queen Street, Kings Hill, West Malling, Kent, ME19 4DA.

Client Money

We are not permitted to handle client money and we cannot accept a cheque made out to us (unless it is in respect of an item for which we have sent you an invoice) or handle cash.

Documents of Title

We will arrange for all your investments to be registered in your name unless you first instruct us otherwise in writing. We will forward documents of title to you as soon as practicable after we receive them. Where a number of documents relating to a series of transactions is involved we will normally hold the documents until the series is complete and then forward them to you.

What do I do if I have a Complaint?

If you want to register a complaint, please write to us at the address given at the head of this document or telephone us on 01732 433433. A summary of our procedures for handling complaints is available on request.

If we are unable to settle your complaint to your satisfaction, you may be entitled to refer it to the Financial Ombudsman Service at: South Quay Plaza, 183 Marsh Wall, London, E14 9SR.

The Financial Services Compensation Scheme (FSCS)

We are covered by the FSCS. You may be entitled to compensation from this scheme if this firm ceases to trade and as a result of our advice you have suffered a financial loss. This depends on the type of business and the circumstances of the claim.

For Investments
Most types of business are covered up to a maximum limit of £50,000.

For Insurance
Insurance advising and arranging is covered for 90% of the claim, without any upper limit. For compulsory classes of insurance, insurance advising and arranging is covered up to a maximum limit of £50,000.

Further information about compensation scheme arrangements is available from the FSCS.

Anti-money Laundering

We are required by the anti-money laundering regulations to verify the identity of our clients, to obtain information as to the purpose and nature of the business which we conduct on their behalf, and to ensure that the information we hold is up-to-date. For this purpose we may use electronic identity verification systems and we may conduct these checks from time to time throughout our relationship, not just at the beginning.

Professional Indemnity Insurance

We maintain professional indemnity insurance.

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Elson Associates does not offer advice as to the suitability of investments. If you are unsure whether an investment is suitable for you, you should obtain expert advice. Past performance of an investment is not necessarily a guide to its performance in the future. The value of investments or income from them may go down as well as up. You may not necessarily get back the amount you invested.

Elson Associates Plc  5 Queen Street  Kings Hill  West Malling  Kent  ME19 4DA  UK

Authorised and Regulated by the Financial Conduct Authority    Registered in England No. 3595128