Services Flashcards
What are the the main Services
x6
SILO
Killik Complete
Killik Managed
Managed Investment Service (MIS)
Advised Investment Service (AIS)
Stockbroking Service
Wealth Planning Service
Who is Managed Investment Service (MIS) suitable for?
MIS
(NOT Killik Managed)
Suitable for:
Anyone that doesn’t have the time/experience/inclination to manage their own investments
Portfolio managed by Killik and Co based on client’s circumstances and objectives
Portfolio construction
Asset allocation
Make use of tax efficient strategies where appropriate
Examples of Segregated Services
Global Large Cap Equity
Portfolio Management (Fund based portfolio)
Fixed Income (1.2% inc VAT)
Alternative Allocation
Emerging markets
Global Mid Cap
UK Short Dated Gilts (Gilt Saver if standalone) (0.6% inc VAT)
UK Mid Cap
IHT Service
UK Smaller Cap (Special Situations if standalone)
Alternative Income*
Global Sustainable*
Global Smaller Companies*
Global Technology Innovation*
Global Venture Capital*
Killik Complete
Min investment and fees?
What do they offer
Min investment £500,000
Annual Management Fee 1.75% for first 1mil
1.5% thereafter
Tax returns, probate vals, executorship, Wills, POAs
When are the fees taken?
March, June, Sep and December automatically
Killik Managed fees?
Annual Management Fee 1.6% first 1mil
1.4% thereafter
Advised Investment Service fees?
0.95% first 1mil
0.8% thereafter
MIS fees
1.35% first 1mil
1.2% thereafter
Special Situations fees and minimum?
(same as MIS)
1.35% first 1mil
1.2% thereafter
minimum £30,000
IHT portfolio Service fees and minimum?
1.75%
minimum £50,000
Service 7
Who is AIS suitable for?
Advice on portfolio construction based on client’s circumstances and objectives
Advice on asset allocation
Advice on tax efficient strategies available
Access to all in house research
Individuals that require any of the above but wish to have COMPLETE CONTROL over the management of their portfolio
Wealth Planning Service
Ongoing tax planning including tax-led investing, to ensure that the client is utilising their annual allowances / exemptions and helping to mitigate excess taxation where possible.
Ongoing income and expenditure analysis for budgeting purposes.
Ongoing savings and investment structuring advice.
Ongoing inheritance tax planning advice.
Provide an ongoing review of their current financial position and highlight any areas of concern that might need addressing.
A review of the client’s projected financial plan using cash flow analysis to ensure they make the best financial decision to protect and increase wealth for the client and their loved ones.
Periodic review meetings, either by way of a face-to-face meeting or virtually. The review will also be forward-looking as there is an increasing pattern of tax changes being announced that will come into effect in later years.
Notification of any industry updates or changes in government, taxation, or regulatory policy that apply to the client.
Pension and Retirement planning.
Wealth Planning Rate Card
0.5% for first 1mil
0.45% thereafter
What is Stockbroking and who is it suitable for?
No portfolio advice
Stock specific advice only
Basic KYC information required (Appropriateness and affordability need to be evidenced)
In house research available
Suitable for:
Experienced Investors
Elective Professionals
Market Professionals
Stockbroking Fees
Minimums £50
Dealing Commission
UK
1.65% first £15k
0.5% after
Overseas
2% first £25,000
0.5% balance
UK Gilts
1% first £15,000
0.5% next £35,000
balance 0.125%
Gilt Saver Service fees?
Fixed Income Fees
0.6%
1.20%
PMS minimum
Fee
£50k
1.35% on first 1mil - 1.2% after
Same fees as:
PMS
MIS
Special Sits (min is lower at £30k)
SIPPS and LISAs don’t have mins for PMS as they can’t be on SILO
What is Special Sits
Headed by Mike Savage - aim to tap small and medium sized UK companies
IHT Service
invest in shares that qualify for BR after 2 years
From April 26 - Business Relief will fall from 100% to 50%
What do Client Data do?
data amendments
POAs
W8BEN/W9 Forms
Trading and cash restriction
death notifications
product closures
Minimums
£30,000 for direct service (FI)
other than Global Large Cap - £70,000
FX Cost
0.35%
SILO Cost
0.75% Killik management costs plus fund management costs of up to 2.5%
Bond fund v gilts
direct bonds - visibility
fund less visible than direct holdings
you pay CGT on bond fund unlike direct investment
