Fees
Yes.
Within the website you will have the ability to view and print electronic copies of correspondence we have sent you.
These can be located via your existing log in under the ‘Documents’ Section.
No. We will sell the various holdings within your portfolio pro-rata. This is to ensure that your remaining portfolio follows the strategy and asset allocation of the particular portfolio in which you are invested.
Portfolio asset allocation or other changes may take place on any day as we seek to retain full flexibility to take advantage of exceptional opportunities.
Monies will normally be invested within one day of cash clearing.
In order to make withdrawals from your account/s, subject to the minimum daily withdrawal of £5,000 and the relevant minimum balances being kept within the account, please give us details of your request via a secure message.
In order to change the portfolio in which you are invested, please send an email to enquiries@scmdirect.com
Unlike many of our competitors, we believe in showing all the costs including the hidden dealing related costs and then add these costs together.
SCM Annual Management Charge 0.40% p.a.
Typical Underlying ETF Charges 0.15% p.a.
Estimated Trading Costs of Buying and Selling ETF’s 0.12%
Estimated Transaction Costs Within the ETF’s 0.06% p.a.
Custody & Administration Fee 0.12% p.a.
Typical TOTAL COST of INVESTING 0.85% p.a.
You can find the full fee disclosure on our latest monthly factsheet (Link).
You should be aware of the possibility that other costs or taxes relating to the services that we provide for you may exist even though they are not paid through us or imposed by us. For example, third-party firms used by Hubwise, in connection with the processing and payment of dividends within the USD and EUR portfolios, may make administrative charges for such services
Yes. Clients can view their portfolios and have full transparency of holdings online.
SCM Direct/MoneyShe takes cash transfers into each tax wrapper. There is an online application process to create the SCM Direct/MoneyShe wrapper. The account information will be sent to your current provider for transfer to your required portfolio. Once funds have been transferred, they will be invested at the next allocation (normally, the first business day of every week).
Not at present.
These can be located via your existing log in under the ‘Transactions’ (stock) and ‘Cash Statement’ pages.
SCM Direct can be contacted at enquiries@scmdirect.com
MoneyShe can be contacted at enquiries@moneyshe.com
No. Simply email us your instructions. We will undertake a number of checks to ensure your identity before acting on any instruction.
We believe it is your money, and as such you should not be penalised for changing your mind or if your circumstances change. Of course, the normal market-maker spreads, rate and other dealing related charges will apply.
As long as we receive your instruction by the close of business on the Thursday of any week, we will endeavour to close the account on the first business day of the following week.
The monies will then ONLY be transferred to the account from which you funded your account.
The whole process from you sending the instruction, to receiving the cash back into your account, will normally take less than two weeks.
Requests should be sent to us via email to this address – enquiries@scmdirect.com
Requests should be sent to us via email to this address – enquiries@scmdirect.com
Requests should be sent to us via email to this address – enquiries@scmdirect.com
After we receive your email, we will normally deal on or before the first business day of the following week. ETFs normally settle three business days later for a GBP portfolio. We then arrange to make a transfer to the nominated bank account with which you set up the account.
The minimum daily withdrawal is £5,000. However, no partial withdrawal is permissible where this would take your portfolio account below the Minimum Investment set out below.
The Minimum Investment amounts are – £10,000 for a GBP portfolio.
If you wish to close your account and withdraw the full amount, there is no penalty or lock-in clause or period. All normal dealing related costs would apply. However, please remember that you may not get back the full amount you invested due to market fluctuations.
SCM Direct can be contacted at enquiries@scmdirect.com
MoneyShe can be contacted at enquiries@moneyshe.com
No unfortunately we are only able to open accounts for UK residents with a UK bank account.
The only exception is for existing clients who move abroad after their account has been opened. In those cases, the account can remain open on a restricted basis: no new money can be added and no new products opened, but existing investments continue to be managed and rebalanced, and clients can still sell holdings and withdraw funds. This exception does not apply to clients who move to the USA or to a country on the UK Government’s high-risk third countries list, in which case the account must be closed.
Please contact us at enquiries@scmdirect.com if you require further information.
Yes. We will have to conduct thorough due diligence and money laundering checks. This will require you to send us documentation prior to investment. Due to the very high standards and checks we operate, there is no guarantee that we will be able to accept your investment.
The minimum initial investment for Company, Family Office, Charity or Institution is £100,000 when investing in one of the GBP portfolios.
Please contact us at enquiries@scmdirect.com if you require further information.
Yes, there is a £10,000 minimum for the GBP Portfolio which applies to UK investors, over the age of 18, living in the UK with a UK Bank or Building Society Account, allowing investment in three ways:
Direct into the portfolios without a tax efficient wrapper.
Via an Individual Savings Account – ISA.
Via a Self-Invested Personal Pension – SIPP Account (Via Hubwise Securities Ltd).
Additional information about these two services can be found within the ‘Ways to Invest’ section of the scmdirect.com website. If you want to invest via an existing SIPP, this may be possible if we have an existing agreement with your existing SIPP provider or if you are able to connect us with them. If this is the case, please contact us at enquiries@scmdirect.com.
Yes. You will need to send us a secure message instructing the portfolio to be sold and the new portfolio you wish to invest in.
You must ensure that the amount to be invested exceeds £10,000 for a GBP portfolio.
Not at present, requests to reset should be directed to enquiries@scmdirect.com.
This will vary from person to person. If you are resident and bank in the UK it may not be necessary to send any further documentation. However, you may be asked to provide further evidence of your identity, proof of address and your bank details.
Yes. To find our more information read our JISA page.
