Fee WriterIntroduction

Fee Writer is designed to give IFA firms a standardised way of dealing with new clients no matter what their enquiry.

It is designed to provide both a commercially viable fee chargingoption as well as meeting the FSA’s requirement for offering a fee

and being clear on charging and commission offset.

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Fee Writer Rate Setup

Start by adding some basic information. This is only required once when you firstuse Fee Writer, although you may re-visit it to amend any rates at anytime.

Fee Writer Rate Setup

Fee Writer Rate Setup

Continue by adding fixed costs to specific jobs as above.

Fee Writer Rate Setup

Now add the basis on which you want to charge for Funds under your Management.This allows you to have up to 3 tiers of charging rates on a reducing basis

for new money and an annual percentage charge thereafter.Set the amount of time you expect an average review meeting to take including any

preparation time and a recommended number of review meetings per annum based on the overall value of a clients’ managed funds.

Fee Writer Rate Setup

The final stage of rate setup allows you to add up to 4 of your own regulatorydocuments that you will provide to clients each time you issue a fee agreement.The 1st in this list is the Client Fee Fact Sheet which is generated by Fee Writer.

Add the firms bank details and setup is complete.

Fee Writer Creating an agreement

Add the clients details, the date and whether the clientis an existing fee client. If applicable, decide whether

VAT will be chargeable and select a fee type.

Fee Writer Creating a one-off agreement

By ticking One-Off Report we have a series of optionsto choose from and a yellow field to complete.

In this case the client requires a Pension/Investmentplanning report along with a review of their 2 Endowments.

Fee Writer Creating a one-off agreement

We answer the 2 questions and can now view the agreement.

Fee Writer Viewing a one-off agreement

The selecteditems aredetailed inthis section

the total cost here

and an area forthe clients to sign

Fee Writer Viewing a one-off agreement

By clicking “Print Firms Copy”you can print or save the

quote to pdf. This includesall the information used

to calculate the fee.

clicking “Print Client Copy”produces this agreement with

the Terms and Conditionsalong with the Client Fee

Fact Sheet.

Fee Writer Terms and Conditions for a one-off agreement

The terms and conditions appear on page 2including the list of regulatory documents we

added in the Rate setup section.

Fee Writer The Client Fee Fact Sheet

The detail in the Client Fee Fact Sheet is automatically populated from the information we recorded in the Rates Setup section.

Fee Writer The Client Fee Fact Sheet

Fee Writer A one-off agreement

Returning to the calculate fee section we will now create a regular or retainer fee. These are designed to spread the cost of regular meetings.

We will untick the One-Off Report to see the other fee options.

Fee Writer A regular / retainer agreement

Fee Writer Creating a Regular agreement

The client details have been retained and we now need to completesome questions based on regular meetings.

Fee Writer A regular fee agreement

In this case, the clients require 2 meetings a year at their home which is 35 milesaway. We have estimated travelling time will be approximately 1 hour each way

and each meeting will last 1.5 hours.

Fee Writer Viewing the regular agreement

The cost of this is £1,036 per annum or £86.33 per month by Standing Order.However, this is more than the clients are prepared to spend, so we can

return to the Calculate Fee section and make some amendments.

Fee Writer Amending the regular agreement

A large percentage of the cost is in travelling time and expenses so the clientsagree to come into the office instead.

Fee Writer Amending the regular agreement

There is no need to remove the travelling items, simply change the “meetingsheld in our office” option to yes and they will be removed.

Fee Writer Viewing the regular agreement

This action has reduced the fee to £399 or £33.25 month. Not only have all thetravelling expenses been removed but the clients have also benefited from the5% discount we allowed for meetings held in our office, back in Rates setup.The clients are happy with this and elect to pay by Standing Order. The “Print

Client Copy” option now includes a populated Standing Order mandate.

Fee Writer The Standing Order Mandate

Fee Writer Amending the regular agreement

In a different scenario, we might already be receiving some income from the clients by way of trail commission and this can also be used to reduce

the amount of the fee.

Fee Writer Amending the regular agreement

Fee Writer Viewing the amended agreement

This has now reduced the monthly fee to £28.67

Fee Writer Amending the regular agreement

We might then decide to round the £28.67 down to £25 month.

Fee Writer Viewing the amended agreement

and this toois amended

in theagreement

and theStanding Order

Fee Writer An Investment Management agreement

If the clients had some money they wanted us to look afterwe would produce an Investment Management agreement.

Again, we simply need to fill in the yellow fields.

Fee Writer An Investment Management agreement

Fee Writer An Investment Management agreement

The initial cost of £7,000 is 3% on the 1st £150,000 and 2% of £125,000.

These being the rates we applied in the Rates setup section.

and the annual ongoing chargeis 0.5% again as we applied in

Rates setup.

2 meetings per annum at 4 hours per meeting and £140 per hour is £1,120 less 5% for

meetings held in the office is £1,064

This is 55% of the annual commission we will receive which we are prepared to offset

against the cost of the meetings. Again this figure was applied in Rates Setup.

and finally, the £55 we already receive in trail commission

Fee Writer Summary

In summary, once you have added your rates and preferences to the Rate Setup section

you have just a few yellow fields to complete and you will be producing instant, accurate and

standardised fee agreements to all of your clients.

We also offer a bespoke design service where we canadd your company logo or make other amendments.

Fee Writer

That concludes the demonstration.Thank you very much for watching.

If you would like more information or a live no obligationonline demonstration of any of our products,

please call us on 0844 734 3465 or click the button belowto send us an email

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