Client Definition:

• There will be many clients who will simply require a transactional purchase which may be, for example, an ISA or a Bond for which they require limited advice.
• There will typically be an initial charge of 3% for arranging the purchase and to cover the cost of the advice.
• As this is purely a transactional purchase, it will not require an annual review or written reports and therefore no ongoing annual service charge will attach.
• However, the client must be quite clear at the time of engagement that this is the case.