Remuneration
& Fee Schedule
Our fee is 0.75% per annum charged on the value of the assets in your account and is accrued daily and charged monthly in arrears.
This fee will be automatically debited on the first Business Day of each month. We may need to change what we charge you. You will receive a minimum 30 days’ notice of any change in our fees or charges as further described in the Amendment of Terms clause of our Terms of Business.
The Background
Future Wealth Limited, trading as Starlight Advisors, (“Starlight”) is regulated by the Central Bank of Ireland (the “Central Bank”) as an Investment Intermediary under the Investments Intermediaries Act, 1995 and is registered as an Insurance Intermediary under the European Union (Insurance Distribution) Regulations, 2018 under institution authorisation code C496326. All intermediaries must make available in their public offices, or on their website, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.
Our Services
Our principal business is to provide advice, and arrange transactions on behalf of clients, in respect of investments, pensions, and life insurance products. A full list of product producers and deposit institutions with which we deal is available on request. We provide investment intermediary services with respect to the Starlight Smart Account on the basis of independent advice. This means that the firm does not accept or retain any third party payments (i.e. commissions) from product producers with respect to the Starlight Smart Account. We have entered into a standardised agency agreement with the Pension Trustee with respect to the provision of pension products such as Personal Retirements Savings Accounts (“PRSA”s), Approved Retirement Funds (“ARF”s) and Pension Retirement Bonds (“PRB”s), under which the Pension Trustee will pay us commissions under the standardised terms of agreement. We fully rebate these commissions to clients upon receipt.
How we are remunerated
Our primary basis for remuneration is through applying a fee charged on the value of our clients’ (your) assets on account. As we do not receive any initial or ongoing commission from product producers, such as life companies or fund managers with respect to the Starlight Smart Account, we have no incentive to choose one provider over another based on a commission they may pay us. Our investment advice is based purely on investments that we believe are suitable for your needs, circumstances, financial situation, and risk appetite. As your assets grow, our remuneration will grow.
Our remuneration promises to you:
Market Leading Fee Proposition: 100% of your money will be allocated to your account, no contribution or exit fees.
Transparency: we will always provide full transparency on any fees or charges that we will take from your contributions and account.
Integrity: we will never charge you any hidden fees or charges.