The Drawdown Partnership
The Drawdown Partnership is a collaboration between your firm and ours under which each party receives 0.5% p.a. The arrangement includes our low cost SIPP – The Select Retirement Account - via James Hay at an all inclusive cost (including fund charges) of just 0.75% p.a. The total annual charges therefore amount to only 1.75% p.a. with client meetings charged separately.
Your firm acts as the Investment Agent while we are the Investment Adviser. As Investment Agent you will carry out the clients investment instructions with the SIPP administrator, James Hay, based on the advice that we provide. You will be registered for on line access to clients SIPP arrangements to enable you to process and track the investment changes. As Investment Agent it will be your responsibility to check that any buys, switches or sales are carried out by James Hay on a timely and accurate basis. We will provide you with an investment register so that you can record these transactions. As you will continue to be the client’s general IFA you will of course have responsibility for all advice apart from the drawdown plan, for which we will have full compliance responsibility.
Our advice will be delivered to clients either at face to face meetings or via a live internet link, either as a ‘two way’ meeting with the client at your premises or a ‘three way’ meeting if your client is abroad or has a broadband connection at home. One of our analysts will give you a demonstration of how this works in practice. You will of course receive copies of all our client reports and recommendations throughout the life of the plan for your own records.
