Fees

The services provided are based on an advisory relationship, rather than on a transaction basis. Our managers are all salaried and are not reliant on commission for their remuneration.

The specific costs relating to transactions, including brokerage, are paid by the client. Chancellor Hattersley Lloyd will arrange for execution of transactions at brokerage rates, which are normally lower than those available to individual investors and any advantage from reduced brokerage will be to the benefit of the client.

There are no entry or exit fees and we charge clients a defined fee for service.

Fees are scaled to reflect the work required for each portfolio managed. Fees are based on funds under management, calculated at market value on a sliding scale.

The fee is calculated at the end of each quarter and the client is sent an account or, with prior approval, the amount is debited to the client's cash management account.

Fees for these services are less than the management fees typically charged by pooled retail equity funds.

Chancellor Hattersley Lloyd may receive fees from underwriters in relation to client applications in initial public offerings (IPOs), new issues and placements. In addition, trail fees may be received from some cash management trusts, based on the level of deposits held.