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Combined Initial Disclosure Document for:


Carter Pearl Limited


5 King Street

Sudbury

Suffolk

CO10 2EB


01787 310664


You should use the information provided within this document to decide if our services are right for you.


WHOSE PRODUCTS DO WE OFFER?


INVESTMENT


Please refer to the ‘Which services will we provide you with?’ section of this document.


WHICH SERVICE(S) WILL WE PROVIDE YOU WITH?


INVESTMENT


Restricted - We will advise and make a recommendation for you after we have assessed your needs.  We only offer advice on limited types of products.  You may ask us for a list of the products we offer.


WHAT WILL YOU HAVE TO PAY US FOR OUR SERVICES?


You will pay for our services on the basis of an adviser charge / a fee.


We will discuss your payment options with you and answer any questions you have.  We will not charge you until we have agreed with you how we are to be paid.


We will discuss with you the basis of our charges, based on the type(s) of work we are asked to undertake for you.


We will discuss with you when you will have to pay our fees, both initial and ongoing.


All fee amounts quoted below are exclusive of VAT, expenses and disbursements; these will be added to the invoice if applicable.       


Advised services


For our advised services, you will pay us via an adviser charge.


Initial advice service


Our initial advice will be appropriate for you, based on your requirements and circumstances at that time.
We will not ensure that any initial advice remains suitable for you at a later date, unless you select to receive ongoing services from us.


Ongoing services


In addition to our initial advice services, you could ask us to undertake further services on an ongoing basis. Details of any ongoing services that we offer are detailed later within this document.

 

You may at any time cancel an Ongoing Advice Service by serving your notification of cancellation to us in writing. Upon receipt of your cancellation notice for an Ongoing Advice Service we will arrange for any future payment of any associated charges to cease.


Our typical adviser charges are noted below.  The exact amount may be more or less than this, but will be specifically agreed with you based on the work you ask us to do for you.  


We will confirm the actual adviser charges in writing within our separate ‘Services & Payment Agreement’, before providing our services to you.


If we do not agree a fixed adviser charge with you at outset, you may ask us for an estimate of how much in total we might charge for any service(s) provided.  You may also ask us not to exceed a given amount without checking with you first.


The cost of our services


Payment for initial advice services


Our typical charges are:


Engagement Fee


Before we undertake detailed personal analysis and assessment, survey the market or make precise recommendations for your consideration, an agreed engagement fee will become payable.


Fee: our typical charge is £150 (Product Recommendations Only – no existing investments) or £300 (Product Recommendations and Comprehensive Review – existing investments).


After this we will charge you:


A one-off ‘adviser charge’ equal to 3% of the initial amount invested.


Example:

If you invest a lump sum of £10,000 into a Stocks and Shares Individual Savings Account (ISA), we would
charge an ‘adviser charge’ of 3% of the amount invested, which would mean an ‘adviser charge’ of £300 (£10,000 x 3% = £300).


The above example is an indicative cost.  We will tell you how much the total initial ‘adviser charge’ will be before you complete an investment, but you may ask for this information earlier.


OR


An initial ‘adviser charge’ based on the amount of time spent, as per the following hourly rate:

Advice             £180


Example:

If the amount of time taken to advise on or arrange a suitable investment product for you is  3 hours, we would charge an ‘adviser charge’ of £540 (3 hours x £180 = £540).


The above example is an indicative cost.  We will tell you how much the total initial ‘adviser charge’ will be before you complete an investment, but you may ask for this information earlier.



Payment for ongoing services


Our typical charges are:


There will be an additional charge for any ongoing work, such as periodic or ongoing reviews we carry out on your behalf.  We will confirm the rate, frequency and length of any ongoing service(s) before commencing that ongoing service.


Ongoing services offered:


        More details on the services we offer will be provided separately.


If you choose to utilise this service we charge 1% per annum of the value of the investments that are under ongoing review, subject to a minimum annual charge of £400.00.


Example:


How much our ongoing charges might cost if based on a percentage of fund value:

Based on a fund value of £100,000, an ongoing charge of 1% of this amount would mean that it would cost £1,000 per annum to provide an ongoing service (£100,000 x 1% = £1,000).  If the fund value increases over time, the ongoing charge then increases accordingly. Conversely, if the fund value decreases over time, then the ongoing charge will reduce.


Your payment options


Settling your adviser charge in a single payment


Following on from our initial meeting (engagement fee), whether you buy a product or not, you will pay us an ‘adviser charge’ for our advice and services which will become payable on completion of our work.


You will be required to settle the payment of your ‘adviser charge’ on completion of our work within 14 business days.  We accept cheques.  We do not accept payment by cash.  You will be provided with a receipt upon payment.


Information about other costs and associated charges


There may be other costs, including taxes, that are payable through other parties (such as the product provider) that we may not be party to.  Such charges are normally disclosed in relevant third party documentation, for example a Key Features Document.


WHO REGULATES US?


We are authorised and regulated by the Financial Conduct Authority (FCA).  Our Financial Services Register number is 120822.


Our permitted business is: advising on, arranging (bringing about) and making arrangements with a view to transactions in investments.


You can check this on the Financial Services Register by visiting the FCA’s website https://www.fca.org.uk/register or by contacting the FCA on 0800 111 6768 (freephone) from 8am to 6pm, Monday to Friday (except public holidays) and 9am to 1pm, Saturdays.


WHAT TO DO IF YOU HAVE A COMPLAINT


If you wish to register a complaint, please contact us:


…..in writing  David Pearl, Carter Pearl Limited, 5 King Street, Sudbury, Suffolk, CO10 2EB


…..by phone  01787 310664  


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 will depend on the type of business and the circumstances of the claim.


Most types of investment business are covered up to a maximum limit of £50,000.


Further information about compensation scheme arrangements is available from the FSCS.




Last updated 1st May 2017


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