Enda O’Brien Mortgages Limited, trading as Enda O’Brien Financial Planning ADDRESS: Brackagh, Blueball, Tullamore, Co.Offaly R35 XE00
TEL: 087 823 3425 EMAIL: firstname.lastname@example.org WEB: www.endaobrien.com CRO: 315944
Remuneration and Fees
Enda O’Brien Financial Planning may earn our remuneration on the basis of fee, commission and any other type of remuneration, including a non-monetary benefit or on the basis of a combination of these methods. A non-monetary benefit will only be accepted if it enhances the quality of the service to our clients. You may choose to pay in full for our services by means of a fee. Where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined below. Where it is not possible to provide the exact amount, we will provide you the method of calculation of the fee. Where we receive recurring commission, this forms part of the remuneration for initial advice provided. A summary of the details of all arrangements for any fee, commission other reward or remuneration paid or provided to us which have agreed with product providers is available in our office or on our website www.endaobrien.com. In certain circumstances, it will be necessary to charge a fee for services provided. These are listed below. In other circumstances where fees are chargeable or where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined below. If we receive commission from a product provider, this will be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission will become the amount payable to the firm unless an arrangement to the contrary is made. If we have arranged for your fee to be offset by commissions derived from a product which you subsequently cancel or cease to pay, and in consequence we are obliged to refund commissions paid to us, we reserve the right to charge you a fee to reimburse us for the amount of commission refunded.
You may elect to deal with us on a fee basis. Fees are charged on an hourly basis of €300 per hour for services rendered. These rates will be reviewed from time to time and you will be notified of any changes implemented. Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency.
Group Schemes, Executive Pensions, Personal Pensions, PRSAs:
Level model: Up to 5% on annual contribution.
Initial, Renewal and Trail model: Up to 25% of initial contribution.
Annual fee may also apply.
Where advice is requested for PRSAs, the following hourly fees will apply:
Advisor fees: €300 per hour
Buy out Bond:
Single Contributions: Up to 5% of contribution. Annual fee may also apply. Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency.
2% – 5% of the amount invested and annual fee may apply.
2% – 5% of amount invested and annual fee may apply.
Term Assurance, Mortgage Protection, Specified Illness and Income Protection:
Up to 180% of initial year premium and annual fee may apply.
2% – 5% of investment amount and annual fee may apply.
Up to 25% of initial year contribution and annual fee may apply.
We may receive up to 1%(or whatever maximum is applicable) of the loan for arranging mortgage finance. This commission is paid by the mortgage lender. The actual amount of commission will be disclosed at a later stage in the ESIS (European Standardised Information Sheet) which will be forwarded to you. We may charge a fee up to €1,500 for the preparation, arrangement and administration of a mortgage application. This fee is in addition to any commission received from the mortgage lender. Please note that lenders may charge specific fees in certain circumstances and if this applies, these fees will be specified in your Loan Offer. You have the right to pay a fee separately and not include it in the loan.
It is in your best interests that you review, on a regular basis, the products which we have arranged for you. As your circumstances change, your needs will change which may result in you having insufficient insurance cover and/or inappropriate investments. We would therefore advise that you contact us to ensure that you are provided with up to date advice and products best suited to your needs.