Davy price PRSA’s at 0.75% AMC if you go directly or 1% AMC if you go via an intermediary/broker. Executive pensions, retirement bonds and ARF’s are all 0.9% regardless of whether you go direct or through a broker. Davy keep the full 0.75%, 0.9% or 1% AMC for the first 24 months. From month 25 onwards the commission is split with the broker getting 0.5% and Davy keeping the balance.
Davy price PRSA’s at 0.75% AMC if you go directly or 1% AMC if you go via an intermediary/broker. Executive pensions, retirement bonds and ARF’s are all 0.9% regardless of whether you go direct or through a broker. Davy keep the full 0.75%, 0.9% or 1% AMC for the first 24 months. From month 25 onwards the commission is split with the broker getting 0.5% and Davy keeping the balance.
The Davy select trading plus account has a 0.9% AMC which follows the same model as the pension contracts as far as I know.
The charges on other personal accounts are listed on pages 98 - 103 on this pricing document. I've never opened one of these personal accounts for a client before so I'm not 100% sure. In any case, I don't know anyone who uses Davy for these purposes with what DeGiro and others offer.
VAT is a peculiar one. Commission isn't liable to VAT. But an argument is made that the ongoing fee should be subject to VAT as the work being done for it is VATable work. An insurance company won't add VAT to their ongoing fees if the revenue said that this fee is subject to VAT. Quilter are the only ones I know who charge VAT on the management of money and will pay advisor ongoing fee plus VAT.
ARF's are not viable to VAT though.
Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)