Appointing us as your agent - Frequently Asked Questions

Why should I use Elson Associates?

Why should I use
Elson Associates?

We have been arranging discounts on investments for over 20 years. Since we started to advertise our services in the national press back in 1994, we've transacted over £1.4 billion in investments during that period and saved investors tens of millions of pounds in investment charges.

A combination of low charges and a first-class service has allowed us to grow our business not only through advertising but through personal recommendation and repeat business. Our customers approach us time and time again to transact their investments on a cost-effective basis ensuring they gain the highest returns possible for the plan they have chosen.

Is Elson Associates' service suitable for everyone?

Elson Associates does not offer investment advice. Our service is designed for investors who are happy to make their own investment decisions.

Will my investments be affected in any way?

If you appoint Elson Associates as agents for your investments, they will not be affected in any way. There is no cost to appoint us and you will still receive information from the fund managers as usual.

What happens when you receive my Agency Appointment form?

When we receive your completed form, we will contact the fund managers to confirm that future renewal commission will be paid to Elson Associates (it will be in about 90% of cases) and ask them to provide details of your investments. When all the fund managers have replied, which can take up to four weeks, we will send you a confirmation letter together with details of your cashback.

What happens to the ongoing renewal commission payment if I choose to re-register my investments to Aegon?

While your funds remain invested on the old-style basis, renewal commission will continue to be paid to us, usually at the rate of 0.5% per annum. This payment forms part of the annual management charge and so there is no additional cost to you in transferring these payments to us.

If you proceed with step 2 of this offer, on re-registration, your funds will be converted to their equivalent new-style clean versions. At this point, renewal commission ceases. Your new charges will be illustrated on your cost comparison report which you can get here prior to re-registration. In the vast majority of cases, they will be significantly lower than what you've been paying up until now.

Is there any benefit in transferring my investments to you if they are already clean share class funds?

If your funds are already clean share class funds, whether invested directly with the fund manager or via a platform, we can usually re-register these funds to Aegon. If you are currently paying fees in excess of ours (see Our Charges - Investing via platform), then you will make ongoing savings by appointing us as your agent and your investment returns will be boosted. What's more, we'll still pay you a 0.2% cashback based on the value of your investments transferred to our agency.

What if I'm already with Aegon?

If you're already with Aegon but via another intermediary, you might want to consider a transfer to us to lower the adviser fees you are currently paying. Remember, our ongoing service fee is just 0.19% - well below many of our competitors and it's really straightforward to transfer these investments to our agency.

Simply complete the appropriate forms here and send them back to us. Most brokers generally don't charge exit penalties for transferring away, but it's worth checking their Terms of Business before taking action. As soon as we are your appointed agent, you will receive our 0.2% cashback and start making ongoing savings straight away.

What if I'm already with FundsNetwork?

If you have already consolidated your investments using FundsNetwork, you can still benefit from our offer. You can use the Agency Appointment form for appointing us as your agent for your FundsNetwork investments in order to lower your charges. We will also require you complete our Service Fee Agreement as part of this process.

What if I'm already with another supermarket/platform?

If you have already consolidated your investments using a fund supermarket, you can still benefit from our offer. Please contact us to let us know which platform your investments are with. We will then send you the appropriate Aegon re-registration forms.

Are there any investments which this offer does not apply to?

There are certain products that this offer does not apply to. These are as follows:

  • Bank/Building Society Accounts
  • Cash ISAs
  • Investment Trusts
  • Life Policies
  • Pensions
  • Single Company Shares
  • With Profits/Investment Bonds

Any other questions?

If you have any other questions, please contact us here.

Here are some of the benefits you can gain by appointing us as your agent

  • An initial cashback of 0.2% of the value of the investments you transfer to our agency up to a maximum of £1,000
  • The possibility of lower ongoing charges, depending on what share class of fund you hold and your existing broker's charges - you can prepare your own comparison report
  • Reports every six months showing the individual and consolidated values of your investments plus detailed statistics showing how each of your funds has performed in comparison to its peers.
  • A plethora of online tools to assist you in your decision making process, together with your very own online account where you can view the up-to-date value and performance of all your investments in one place.
  • Experienced customer support - we've been around for a very long time - over 30 years in business.

Appoint us now