1. The Financial Services Authority (FSA)

The FSA is the independent regulator of financial services. It requires us to give you this document when advising on some savings and investments. Use this information to decide if our services are right for you.

2. Whose products do we offer?

Investment 

We offer products from the whole market.

Insurance

We offer products from a range of insurers.

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 your services?

Payment by fee

Whether you buy a product or not, you will pay us a fee for our advice and services, which will become payable on completion of our work. If we are also entitled to receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee; or reduce your product charges; or increase your investment amount.

We will confirm the rate we will charge in writing before beginning work and we will tell you if you have to pay VAT. You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first.

Where we charge by the hour for work, our maximum rate will be:

Alternatively, depending on the type of work you require us to carry out and the amount of money you wish to invest, we may agree to charge a lump sum amount at a maximum rate of:

Payment by commission (through product charges)

If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing to us up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product providers own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower.

The amount of commission we receive will vary depending on the amount you invest and (sometimes) how long you invest or your age. For example :

• If you invest £10,000 into an individual savings account (ISA) we would receive commission of 3% of the amount invested (£300) and 1.00% of the value of the fund (roughly £100 each year)
  
  
• If you pay £100 each month into a personal pension (with a term of 25 years) we would receive a commission of £300

5. Who regulates us?

Leabold Financial Management Ltd is authorised and regulated by the Financial Services Authority.

Our registration number is 402291

Our permitted business is:

• Arranging and bringing about deals in investments
• Making arrangements with a view to transactions in investments
• Advising on investments
• Insurance mediation

You can check this on the Financial Services Authority website at www.fsa.gov.uk/register or by contacting the Financial Services Authority on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:

In writing:

The Compliance Officer
Leabold Financial Management Ltd
Valleys Innovation Centre
Navigation Park
Abercynon
CF45 4SN

By phone:

0845 872 6418

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Further information about compensation scheme arrangements is available from the FSCS.