Our Services and Fees
Philip J Milton & Company Plc is authorised and regulated by the Financial Conduct Authority (FCA) to provide independent financial advice. You can check this on the FCA Register by visiting the FCA’s website www.fca.org.uk/consumers or by contacting the FCA. The Company can advise upon and offer products from the whole market. It offers a comprehensive financial planning service and provides guidance concerning a wide range of sometimes complex advice areas.
All of the Company’s advisers are salaried without sales targets which can apply elsewhere. The Company’s charges are transparent and are all agreed with clients prior to any costs being incurred.
The Company’s advice process can normally be divided into five distinct stages, as follows:
Clients will pay a fee for our services, which will be discussed and agreed before work begins. You may ask us for an estimate of how much in total we might charge and also ask us not to exceed a given amount without checking with you first. Our initial advice fees are charged hourly and implementation fees (if any) are a percentage of any amount invested. Ongoing advice charges may be either charged hourly or as a percentage of the plan value being reviewed. We shall confirm if VAT applies. See below for our rates (which are subject to review over time and which may be subject to a monetary minimum). There are no implementation charges for subscriptions to all of our discretionary managed investment strategies, ISAs, Pension strategies, etc..
Advice Hourly Fees
Eg If a client invests £30,000 into a (non-Discretionary Managed) investment, this will involve an implementation fee of £600. A minimum implementation fee of £375 may apply on smaller transactions if no other advice charges have been applied.
Ongoing Advice Fees
If there is an ongoing advice requirement, an ongoing fee will be confirmed. Depending upon the work involved, this may be subject to hourly fees (as above) or a percentage of the plan value being reviewed. This will be confirmed in advance of the work being undertaken. There are no additional charges applicable to your accounts for the annual review of your discretionarily managed investment strategies beyond the annual fund management charges detailed. However, If we are reviewing a £30,000 (non-Managed) investment annually, we may charge 1% per annum, equivalent to £300. VAT may apply.
What to do if you have a complaint
If you wish to register a complaint, please contact us:
....in writing Write to Philip J Milton & Company Plc, Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP
....by telephone Telephone 01271 344300
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.
Are we covered by the Financial Services Compensation Scheme (FSCS)?
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Most types of investment are covered for 100% of ,50,000. Further information about compensation scheme arrangements is available from the FSCS.
The Financial Conduct Authority does not regulate some areas mentioned on our web site including: Buy to Let Mortgages, Claims Management Activity, Taxation & Accountancy, Probate Administration and Will Writing.
Financial services complaints we cannot settle may be referred to the Financial Ombudsman Service; www.financial-ombudsman.org.uk 0800 023 4 567. Details of our complaints procedure are available via the documents tab above.
Risk Warning - Stockmarket investments can offer income through the payment of dividends and interest and good opportunities for capital appreciation over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of expectations at the time of acquisition. We may also invest in funds that hold overseas securities. The value of these investments may increase or decrease as a result of changes in currency exchange rates. Returns achieved in the past cannot be relied upon to be repeated.
Philip J Milton & Company Plc is authorised and regulated by the Financial Conduct Authority.
Philip J Milton & Company Plc is entered on the FCA register (http://www.fca.org.uk/register) under reference: 181768.
# Registered Office: Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP
Registered and Incorporated in England number 3233275 | VAT number 682 2544 28
A list of the Directors is available from the registered office
Copyright © Philip J Milton & Company Plc - 2016