As a client we will send your key documents and information, there might be somethings that you don't understand or would like further information on.
Every quarter you will receive an investment report outlining:
Where we manage client investments on a Discretionary Managed basis, or else have custody of their investments, at least once a year we are required by regulation to provide an aggregated disclosure of the costs associated with their portfolios.
The requirement was introduced by the European Union’s Markets in Financial Instruments Directive (MiFID II) regulation, which came into force on 3 January 2018. Investment firms are now obliged to make the disclosure at least annually, starting in 2019.
This disclosure will be based on the actual total costs incurred during the last 12-month rolling period. The information is expressed in both monetary and percentage terms, and shows the cumulative effect of costs and charges on your portfolio’s annual return (or if shorter, the period the portfolio has been with Charles Stanley).
The following constitutes the total charges incurred by your investment portfolio that we are required to disclose:
Investments can be broadly divided into ‘direct’ investments (shares issued by companies, bonds and so on) and ‘indirect’ investments, sometimes referred to as ‘collective investments’, ‘pooled investments’ or ‘products’; these would include unit trusts and OEICs, investment trusts and exchange-traded funds (ETFs).
Direct investments do not typically incur any internal costs of their own, however products will do so, with their costs being made up of a number of components that, when totalled, show the total charges figure associated with holding that investment product. These components are:
The following examples are set out below to illustrate how an investment product’s charges might be comprised. The information is illustrative, since each investment product will naturally have its own different charges, with the results that some products may have total charges significantly higher or lower than those shown on the right.
|Ongoing charges figure (OCF)||0.70|
Total product costs
|Ongoing charges figure (OCF)|
Total product costs
The examples above use historical figures (from August 2021) based on actual fees charged in the prior reporting period. Your quarterly investment report will use such data to show the total charges figure for any investment products held within your portfolio, over the specified reporting period.
Please note that an investment product’s pre-sale disclosure of its costs, for example through its literature, may differ to those actually incurred over the course of a year.
Every time you place a successful trade you will be sent confirmation of the details in a contract note. This will contain:
If you have an Investment Account you will receive an annual securities report each year in May. This will include: