Terms of Business

Background

Yachting Financial Solutions (Ireland) DAC. is a company incorporated in Ireland, operating throughout the world from offices in Ireland and France.

About Us and Our Services

We are independent financial advisors and will act on your behalf in advising you on life assurance, pensions, investment funds, bank accounts, and other investments from different companies.

Environmental, Social and Corporate Governance Notice

On 25 September 2015, the UN General Assembly adopted a new global sustainable development framework: the 2030 Agenda for Sustainable Development (the ‘2030 Agenda’), which has at its core the Sustainable Development Goals (SDGs).

This transition to a low‐carbon, more sustainable, resource‐efficient and circular economy in line with the SDGs is key to ensuring long‐term competitiveness of the economy of the Union.

In order to reach the objectives of the Paris Agreement and significantly reduce the risks and impacts of climate change, the global target is to hold the increase in the global average temperature to well below 2 °C above pre‐ industrial levels and to pursue efforts to limit the temperature increase to 1,5 °C above pre‐industrial levels.

Yachting Financial Solutions is a company that is fully committed to reducing the impacts of climate change,  environmentally friendly and sustainable investment and the UN sustainable development goals. In line with REGULATION (EU) 2019/2088 we always consider and factor in to our investment advice or choice of fund managers the principal adverse impacts on sustainability factors.   

Pre-contractual disclosures: As required by Regulation (EU) 2019/2088 Yachting Financial Solutions also disclose (a) the manner in which sustainability risks are integrated into our investment or insurance advice and (b) the result of our assessment of the likely impacts of sustainability risks on the returns of the financial products we advise on. 

Regulatory Status—Investments & Insurance Only

Yachting Financial Solutions (Ireland) DAC, trading as Yachting Financial Solutions (Ireland) DAC is regulated by the Central Bank of Ireland.

Objectives

Any advice or recommendation offered to you will be based on your stated objectives, acceptable level of risk and any other restrictions you wish to place. Details of your stated investment objectives will be included in the report and recommendations that will provide to you following an initial consultation. Unless confirmed in writing, to the contrary, we will assume that you do not wish to place any restrictions on the advice that we provide for you.

Disclosure of Clients’ Personal Information

Where investment business services are provided to Yachting Financial Solutions (Ireland) DAC. by third parties then circumstances may arise which warrant the disclosure of more than just your basic contact details. On these occasions such as processing business, and obtaining compliance and regulatory advice you agree that personal information held by Yachting Financial Solutions (Ireland) DAC. may be disclosed on a confidential basis, to such third parties. You agree that this information may be transferred electronically, e.g. email. You also agree that we or any such third party may contact you in future by any means of communication, which we or it consider appropriate at the time.

Payment for Services

We normally derive our income from commission paid to us by life assurance and investment companies. We may receive commissions, finders’ and trailer fees, and share of fees from banks, fund managers, insurance companies, and other providers of investment and insurance products and services as a result of arranging transactions with them. We will provide you with additional information on commissions, finders’ and trailer fees upon request. You agree that we retain that commission, finders’ and trailer fees, or share of fees, as part of our remuneration. We reserve the right to act as agent for third parties and to share with them any such commissions or fees as are received by us. We also retain the right to charge fees to our clients for advice and other services rendered, when specifically agreed, either verbally or in writing.

Clients’ Money

Yachting Financial Solutions (Ireland) DAC registered by the Central Bank of Ireland no 50057 does not handle clients’ money. We never accept a cheque made out to us (unless it is a cheque in settlement of charges or disbursements for which we have sent you an invoice) or handle cash.

Accounting to You

We will forward to you all documents showing ownership of your investments as soon as practicable after we receive them; where a number of documents relating to a series of transactions is involved, we will normally hold each document until the series is complete and then forward them to you.

Client Instructions

Unless we hold a signed management authority to do so on your behalf, we will require your written instructions to change any feature of your investments.

Clients’ Risks

Investments can fall as well as rise, you may not get back the full amount invested. Past performance is not necessarily a guide to future performance.

Termination of Authority

You or we may terminate our authority to act on your behalf at any time, without penalty. Notice of this termination must be given in writing and will take effect from the date of receipt.Termination is without prejudice to any transactions already initiated, which will be completed according to these terms of business unless otherwise agreed in writing. You will be liable to pay for any transactions made prior to termination and any fees, which may be outstanding.

Complaints Procedure

If you have a complaint about the advice you have received please write directly to or email our compliance officer Teresa Evans at Yachting Financial Solutions (Ireland) DAC, NSC, Mahon, Cork, T12 XY2N, Ireland or teresa@yfsol.com. We will supply you with a copy of our formal complaints procedure upon request or on receipt of a complaint. If we are unable to resolve a complaint, you can consider lodging that complaint with the Central Bank of Ireland.

Client Consent

I understand and consent to the above terms and I hereby authorise the transfer of information, as described above, on a confidential basis when warranted between such third parties. I agree that the Terms of Business will come into effect from the date of issue.