Clients will receive a nominee account with Pershing Securities Ltd, online access to their account, annual statements, an annual consolidated tax voucher, monthly recommendation newsletters, ad hoc e-mails on investment recommendations including future IPO news, bi-annual portfolio reviews including risk analysis reports, basic annual tax planning, annual gains and losses report including details of all dividends received and personal meetings with a Midas representative upon request.
Managed accounts can be established in two different ways:
- DISCRETIONARY MANAGED; or
- ADVISORY MANAGED.
Our charging structure is different to most as we will allow you to elect that we are only paid if we outperform the benchmark that we agree with you at the inception of the account. In other words, if we don’t deliver for you, we don’t get paid. This election is available on both types of managed accounts. If you would prefer to simply pay the normal charge regardless of performance, our rates are a very competitive 0.5 per cent of the value of your portfolio per annum, plus VAT.