LFM Investment Portfolio CA (New)
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17. Payment of charges<br />
17.1. Where available, the Company will provide the Client(s) with the option to pay<br />
charges by either:<br />
17.1.1. Collection via the product provider:<br />
17.1.1.1. Charges will be deducted from the Client(s) investments by the product<br />
provider and passed on to the Company.<br />
17.1.1.2. In the case of ‘initial services’, payment will be made by the product provider<br />
after completion of any related transactions. If there are no related transactions<br />
arising from the Company’s advice, or if the amount of payment from the product<br />
provider is insufficient to cover the agreed cost of services, the Company will then<br />
invoice the Client(s) directly.<br />
17.1.1.3. In the case of ‘ongoing services’ payment will be made by the product provider<br />
in arrear over the period determined by the product provider’s terms for payment<br />
of adviser charges. Where the amount of payment from the product provider is<br />
insufficient to cover the agreed cost of services, the Company will then invoice the<br />
Client(s) directly.<br />
17.1.2. Direct payment:<br />
17.1.2.1. Charges will be invoiced for payment by the Client(s) within thirty days.<br />
17.1.2.2. In the case of ‘initial services’ the invoice will be issued following the<br />
provision of advice or, where related transactions are to be arranged by the<br />
Company, following completion of those transactions.<br />
17.1.2.3. In the case of ‘ongoing services, the invoice will be issued annually in<br />
advance on those services being provided.<br />
17.1.2.4. In the event that the Client(s) decline to pay charges for ‘ongoing services’, the<br />
Company will cease providing further ‘ongoing services and will not issue further<br />
invitations for annual review<br />
Please note - where charges are paid directly, this will reduce the ongoing cost<br />
of related financial products.<br />
18. Cancellation of ongoing services<br />
18.1. The future provision of ongoing services may be cancelled by the Client(s) at any time<br />
subject to payment of any outstanding charges.<br />
19. Special Agreements<br />
Special arrangements and modifications to our usual terms<br />
Page 13 of 15 <strong>LFM</strong> Customer Agreement - <strong>Investment</strong> <strong>Portfolio</strong> Service 01/01/2022
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