PORTFOLIO MANAGEMENT - FEE FOR THE FIRST ACQUISITION OF SECURITIES
A) One-time investments
Minimum investment: 5,000 €
Strategy | |||
Amount invested | Conservative Conservative ESG | Balanced Balanced ESG | Dynamic Thematic ESG Dynamic ESG |
up to € 49,999.99 | 1.50% | 2.50% | 3.00% |
€ 50,000 to € 199,999.99 | 1.50% | 2.00% | 2.00% |
€ 200,000 to € 499.999,99 | 1.00% | 1.50% | 1.50% |
€ 500,000 € to € 999,999.99 | 1.00% | 1.00% | 1.00% |
€ 1 million and above | 0,50% | 0,50% | 0,50% |
B) Regular investing/Long-term investment savings
Minimum monthly investment: €30
Minimum target amount: € 1,800 €
Minimum target amount: € | |||
Target amount | Conservative Conservative ESG | Balanced Balanced ESG Real Estate | Dynamic Thematic ESG Dynamic ESG |
€ 1,800 to € 19,999.99 | 2.0 % | 2.8 % | 3.5 % |
€ 20,000 to € 29,999.99 | 1.8 % | 2.4 % | 3.0 % |
€ 30,000 to €49,999.99 € | 1.6 % | 2.0 % | 2.5 % |
€ 50,000 and more | 1.4 % | 1.6 % | 2.0 % |
The following rules apply to the calculation of the fee for the first acquisition of securities under above points A) and B) in respect of both one-time and regular investing:
1. The fee for the first acquisition of securities will be calculated as the relevant percentage of the investment amount agreed in the Portfolio Management Agreement (as concerns regular investing, the investment amount is the target amount); the percentage is defined for the investment range under which the investment amount falls according to the first column of the table specified in point A) or B) respectively, for the applicable selected investment strategy according to the second or the third/fourth column of the table specified in point A) or B) respectively for one-time or regular investing.
2. As concerns existing Clients who have at least one portfolio management agreement or an agency contract with PARTNERS INVESTMENTS, o.c.p., a.s., pursuant to which they have already paid relevant fees (hereinafter only the “Active Agreement”), the amount of investments agreed under active agreements will be added to the investment amount agreed in every new portfolio management agreement upon entering into it to determine the relevant investment range in accordance with the first column of the table specified in point A) or B) respectively for both one-time and regular investing and subsequently, the fee for the first acquisition of securities will be calculated on the basis of the determined investment range as a percentage of the investment amount agreed in the new portfolio management agreement.
3. With regard to Clause 2, where an existing Client enters, during a short period of time, into two or more new portfolio management agreements which are not deemed active yet, the investment amounts agreed under already active agreements will be added to each new portfolio management agreement individually to determine the relevant investment range in accordance with the first column of the table specified in point A) or B) respectively for one-time and regular investing; the fee for the first acquisition of securities will be calculated on the basis of the determined investment range as the relevant percentage of the investment amount agreed in each new portfolio management agreement, i.e., in such a case, the investment amounts agreed in each new portfolio management agreement will not be summed up.
4. Furthermore, with regard to Clause 2, where the contractually agreed investment amount (or the target amount in case of regular investing) is met and the existing Client transfers, without concluding an amendment to the relevant portfolio management agreement for an investment amount (or the target amount in case of regular investing) increase, another payment on the basis of the agreement, each such payment will be subject to the fee for the first acquisition of securities in the amount of 4%; such payments will not be taken into consideration in determining the relevant investment range according to the first column of the table specified in point A) or B) respectively for one-time and regular investing upon concluding a new portfolio management agreement or upon any change of the investment strategy.
5. With regard to Clause 2, should an existing Client wish to change contractually, on the basis of a new suitability assessment, the investment strategy agreed in an active portfolio management agreement and switch to another investment strategy with a higher percentage set out to calculate the fee for the first acquisition of securities under the first column of the table specified in point A) or B) respectively for one-time and regular investing, either with or without increasing the investment amount or the target amount, the rules set out in above Clauses 2 through 4 will be applied to calculate the fee for the first acquisition of securities and the Client will settle only the difference between the fee for the first acquisition of securities calculated in accordance with these new rules for the original investment strategy and the fee for the first acquisition of securities calculated in accordance with these new rules for the new investment strategy.
6. The fee for the first acquisition of securities calculated in compliance with above Clauses 1 through 5 is payable in full in advance.