Let’s Succeed Together
IDD – Initial Disclosure Document
1. The Financial Conduct Authority (FCA)
The FCA is the independent watchdog that regulates financial services. This document is required by the FCA to be given to consumers considering buying or using certain products. You should read this important document which explains the service that you are being offered and the method of payment.
2. Whose investments do we offer?
We offer investment products from the whole market. We are independent financial advisers with no restrictions or tie-ins with 3rd parties.
3. Which service will we provide you with?
We will advise and make a recommendation for you after we have assessed your needs.
4. What will you have to pay us for our services?
Existing clients will have paid initial adviser fees previously, therefore no further initial fees will apply. For new clients, a fee will be quoted before any work is completed and charged upon your agreement to proceed. Payment may be made by cheque, transfer or by deduction from the investment value.
If you purchase life insurance through our firm, we may receive a commission payment from the life insurance provider as remuneration.
5. Who regulates us?
S D Greenway Ltd is authorised and regulated by the Financial Conduct Authority (Authorised registration 789887). Our permitted business is Independent Financial Advisers, authorised to advise and arrange business for Pensions, Occupational Pensions, Investments and Life Insurance.
6. If you need to register a complaint, please contact us in first instance;
Ongoing Service – What am I entitled to?
Suitability. We need to ensure that your portfolio remains suitable for your risk appetite and your circumstances. This is why we encourage you to let us know immediately if any risk tolerances alter. You may switch risk profile as often as you need. If you wish to have a ‘sub-pot’ where we allocate say £10,000 of a £50,000 pot in a different risk, no problem. You should let us know if any tolerances change or if you want a meeting.
Policing. The other parties answer to us, as we answer to you. We dedicate considerable time to ensure they remain the type of firms that we want to use for your money. Recently we moved dozens of clients away (no fees applied) from a large provider who had changed terms which would have cost the clients unacceptable hidden charges.
Research. New platforms, products, wrappers and funds launch into the market all of the time. We learn about, monitor, wait and if right, will recommend them as an alternative. No extra fees apply to switching as you were only with the old provider because of our original recommendations so it would not be right to then charge initial advice fees again to move to the new model.
Withdrawals. If you require money from your portfolio, we execute the withdrawals in the most tax mitigated manner we feel appropriate. We do not charge extra fees as the ongoing fees cover this. In drawdown, you may ask 6 times in a year for lump sum or regular income, that’s fine.
Contributions and new money. Should you receive an inheritance or wish to commence contributions, they are covered by the ongoing fees. Many firms charge ‘ad-hoc fees’ for each and every payment into the portfolio where-as we want to encourage you to save. If you win the lotto, good for you! No extra fees for investing, all covered by the ongoing fees of your portfolio.
Mortgages and Equity Release. Equity Release is a dangerous area and we want to protect our clients from the pitfalls and sharks that swim in those waters. No fees are applied for arranging ER or mortgages for you or your family – those huge arrangement fees are avoided and the right ones selected.
Family. We represent you and your immediate family’s financial interests. If your immediate family need to invest, remortgage, life insurance or prepare for long term care. No initial fees or transfer fees apply as your ongoing portfolio fees cover our costs.
Protection. We indemnify your portfolio as we are the only liable party in the chain. If we are liable for it, we get paid for it. Without an IFA, many providers increase fees considerably.
As always, please text, email or call to arrange a meeting, I’m on the road twice a week & it is always a pleasure to see you.
Check FCA Register: https://register.fca.org.uk/s/
Scott Greenway - FCA reg: SDG01074
SD Greenway Ltd - Firm FCA reg: 789887