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ISEC Wealth Management Ltd. - Commission and Charges Schedule (1)

Valid from 01/10/2023

ISEC Wealth Management Ltd. is implementing new service fees and initial investment limits as a part of its ISEC general terms and conditions starting from 01/10/2023. You can review the New Commission and Charges Schedule below. These changes do not affect customers who have entered into an investment service agreement before 01/10/2023. For previous Commission and Charges Schedule click here.

1. Portfolio Setup Fee (2)
From 10 000 EUR/USD To 300 000 EUR/USD Total of 6 % taken in three installments: 2% of deposit upfront, 2% after 12 months, 2% after 24 months min. 600 EUR/USD, max. 18 000 EUR/USD
From 300 001 EUR/USD max. 18 000 EUR/USD
2. Success Fee
From 10 000 EUR/USD To 1 000 000 EUR/USD 35% Success fee per month - Flat
Over 1 000 001 EUR/USD 35% Success fee per month - High water mark (3)
Under (4) 10 000 EUR/USD 50% Success fee per month - Flat
3. Management Fee
From 10 000 EUR/USD To 100 000 EUR/USD 0.375% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
From 100 001 EUR/USD To 1 000 000 EUR/USD 0.3125% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
Over 1 000 001 EUR/USD Negotiable with client – min. 1% yearly, i.e. 0.25% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
Under (4) 10 000 EUR/USD 0.5% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter (min.200EUR/USD per annum)
4. Safekeeping and Custodian
From 10 000 EUR/USD To 100 000 EUR/USD 0.25% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
From 100 001 EUR/USD To 1 000 000 EUR/USD 0.1875% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
Over 1 000 001 EUR/USD Negotiable with client – min. 0.75% yearly, i.e. 0.1875% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter
Under (4) 10 000 EUR/USD 0.375% on average value of the portfolio for the quarter using the daily balance for the assets for that quarter (min. 150 EUR/USD per annum)
5. Portfolio Margin
Over 1 000 EUR/USD Borrowing fee (4.5% + Benchmark (5))
6. Foreign Exchange Services
From 100 EUR/USD To 10 000 EUR/USD Mark up fee (1.5% + Exchange market rate)
From 10 001 EUR/USD To 100 000 EUR/USD Mark up fee (1.0% + Exchange market rate)
Over 1 000 001 EUR/USD Mark up fee (0.25% + Exchange market rate)
7. Other Services
From To SEPA Payment (7) SWIFT Payment (8)
a) Incoming Wire Fees (6)
100 EUR/USD - Free of charge 10 EUR/USD
b) Funds Withdrawal (6)
100 EUR/USD 5 000 EUR/USD 2 EUR per transaction 20 EUR/USD per transaction
5 001 EUR/USD 10 000 EUR/USD 5 EUR per transaction 30 EUR/USD per transaction
10 001 EUR/USD 50 000 EUR/USD 10 EUR per transaction 70 EUR/USD per transaction
50 001 EUR/USD - 20 EUR per transaction to be negotiated with Client

(1) - All Commission and Charges do not include 19% VAT. The VAT is charged to EU residents on top of the applied fees. For residents of Switzerland, Norway and third countries the VAT is not applied.
(2) - As part of the services offering by ISEC Wealth Management Setup fee, total of 6%, is divided into 3 parts deducted from the cash balance during the period of the business relationship as per the scheme above. In case of complete liquidation of the portfolio in a period earlier than 2 years, the outstanding amount of the commission will be applied to the total deposit amount (i.e. all the deposited amounts during the period) on the day of the actual withdrawal.
(3) - High water mark - payment is counted on the highest net asset value (NAV),i.e. positive difference (if such exists) between NAV on the date of fee calculation (per quarter) and highest NAV reached since the start of the portfolio.
(4) - The fee value increase takes effect as a result of a withdrawal that reduces the investment balance and does not apply in the event of a decrease in the investment balance as a result of market prices fluctuation and fees deduction.
(5) - Benchmark - 3 months Libor for USD exposures, 3 months Euribor for EUR exposures. All rates of Libor and Euribor under 0% ( zero ) will be adopted to 0% ( zero )
(6) - All related bank fees regarding Clients funds deposits/withdrawals are charged to the Beneficiary (Client). Proposed numbers and calculations are based on the current tariffs of our transaction venues.
(7) - SEPA method is available only for EUR currency
(8) - Applies to Bank accounts in 3rd Countries and USD wires

RISK WARNING

Investing in financial instruments involves a high degree of risk and may not be suitable to all investor. Trading in financial instruments can result in both an increase and decrease in capital. Please refer to our Risk Disclosure available in our web site for further information.

CONTRACT TERMS

For more information about the company's policies when using this website and the contract terms that are used when opening an account with ISEC, please go to CONTRACT TERMS .

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