Old Mutual Wealth
For financial advisers only

How will my fees be paid at migration?

  • November 16, 2020 16:40

You will continue to receive your weekly fee payment as usual up until migration. Then, to ensure you are paid all the fees you are due from the previous system, we will make a payment of fees on the first Monday after migration.

For advisers receiving fees weekly:
We will begin to pay your fees on Fridays thereafter, and you will receive the first significant fee payment on Friday 11 December.

For advisers receiving fees monthly:
Your next fee payments will then be made to you on Thursday 31 December.

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Answers in this section

  • How will my fee payments be affected if a bank holiday falls within the week of my payment?
  • My client’s valuation has a line that refers to accrued fees and charges; what does this mean?
  • Why am I receiving two fee and commission payments from you?
  • I used to be paid commission for non-advised top up business on Charge Basis 1. Can this still be done?
  • I need to add VAT to my servicing fee. How can I do that?
  • Why haven’t I been paid a regular initial adviser fee for one of my clients following migration?
  • Can I specify an end date for regular initial adviser fees, and will this be reflected on illustrations?
  • Why have you capped my fees on regular investments at 24 months?
  • My client’s CRA has been split into two or more sub accounts. Which sub account will my fees be deducted from?
  • Why do you need me to reconcile my fees promptly after migration?
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