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Private Client Services

Cash Management

Holding your investment funds with us.

This service makes it more efficient for income and sale proceeds to be credited to you and for you to settle purchase trades. Your money is kept in a segregated account, where there are no minimum balance requirements and no withdrawal penalties.

WHY HOLD YOUR FUNDS WITH US?

In the course of investment business, funds can be left with us to be placed on deposit. You can also send us additional funds at any time. We automatically arrange for all cleared balances to be placed in instant access and term deposits accounts with one or more leading borrowers - typically clearing banks and their subsidiaries and the larger building societies.

INTEREST

Interest is automatically paid or collected on clients’ cash balances depending upon published rates and bandings. The current rates are displayed on this page. Interest is calculated from the date on which we receive funds up to the date of withdrawal or the settlement of purchases. It is distributed gross - i.e. without deduction of Income tax - twice yearly for March and September. This will be paid direct to your cash management account.

AUTOMATIC SETTLEMENT

Purchases are settled automatically from your cash management account without any need for you to give notice, and without loss of interest. Proceeds from sales are credited immediately after they are received and start earning interest at once.

DEPOSITS AND WITHDRAWALS

Cash can be added to your cash management account at any time. We hold your money partly on instant recall and partly on periods of notice not exceeding 30 days, and we manage this with the intention that your funds are always available for immediate repayment or settlement of transactions.

STATEMENTS

Where there is a balance on your account, or there has been any movement (such as a transaction) during the quarter, a statement will be sent to you at the end of the quarter. Discretionary management clients receive statements every six months although they can request quarterly valuations for an additional charge. Statements can also be produced at any time on demand. If you think that you should have received a statement and it fails to arrive, please contact your Investment Manager at once.

(Rates updated as at 4th August 2016)

CURRENT DEPOSIT RATES

Capital Value on Deposit Gross Rate
£0 - £300,000 0.00%
£300,000 - £1m 0.00%
Over £1m 0.00%

CURRENT DEPOSIT RATE - EURO CURRENCY DEPOSITS

Capital Value on Deposit Gross Rate
£1+ -1.0%

ISA RATE

Capital Value on Deposit Gross Rate
£0 - £100,000 0.00%
Over £100,000 0.00%

FX MARGIN RATES

Transaction Value FX Charge
£0 - £9,999 1.00%
£10,000 - £49,999 0.75%
£50,000 - £499,999 0.50%
£500,000 - £999,999 0.3%
£1M+ 0.15%

 

020 7149 6437

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