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My WealthPartner Walled Garden

Compliant investments made simple

Suited to current PwC Partners who need to maintain their independence and want simplified investment reporting in Checkpoint.

The Walled Garden service contains a portfolio of pre-approved investments that provide an efficient investment solution which complies with PwC’s independence rules. So you have peace of mind and effortless compliance reporting.

The portfolio of investments held in our Walled Garden are centrally monitored and pre-approved by the PwC Independence team. This service simplifies what you need to record on Checkpoint, whilst at the same time ensuring that your investments comply with the independence rules applicable to you.

This service can be used alongside and in addition to the Financial Review and Advice services.

Partners can access this service in two ways: via the Advice service, where investing into the Walled Garden may be part or all of the recommended investment solution; and directly through our Discretionary Investment Management team, suitable for when you want an investment solution but don’t wish to take financial advice.

Benefits of the Walled Garden service

  • Effortless compliance – this discretionary service simplifies your Checkpoint reporting, reconciliations and PICT testing and as a result reduces the risk of errors arising in your Checkpoint portfolio

  • Active investment management – ongoing active investment management maintained within PwC’s independence rules

  • No pre-clearance – as the investments as PwC pre-approved, individual investments from the Walled Garden are not required to be pre-cleared

  • Reassurance – the permissibility of the investments in the Walled Garden are subject to central and ongoing monitoring by the PwC independence team

Fees and charges

There is a minimum investment level to access this service of £500,000.

The fees will depend on the investment level within your portfolio. The fees agreed for PwC Partners are as follows:

Amount invested with Close Brothers My WealthPartner Walled Garden annual charge
£500,000 to £1 million 0.90%
£1 million to £2 million 0.80%
From £2 million 0.70%

Also, as part of the service to My WealthPartner clients, there is a cap on fees if you take advice, custody and investment services from Close Brothers. This cap is shown in the table below and applies to the ongoing advice fee, annual investment management charge and the custody and administration charges.

There can be additional costs for investment management in addition to the annual management charge and the total cost will vary depending on which investments are used. Please note that VAT has to be charged for investment management and advice on discretionary managed portfolios. Full details of all charges will be discussed with you and set out in a comprehensive report before you take up any of our services.

 Amount invested with Close Brothers Integrated wealth management fee cap (annual charge)
Up to £500,000 1.20%
£500,001 to £1 million 1.20%
£1 million to £2 million 1.10%
From £2 million 0.90%

Before you invest, make sure you feel comfortable with the level of risk you take. Investments aim to grow your money, but they might lose it too.