CHARLES SAVAGE: Yes. Let’s go back a step. Firstly, if a client owes EasyEquities any money – because there are lots of places where fees can accrue and we wouldn’t be able to collect them because you’re fully invested – the platform has always had the right, as all investment platforms do, to recover fees from your assets. In the unit trust world this happens every single month. You pay your advisors’ fees. How are those advisor fees collected? They sell your unit trusts. The same happens with share platforms, etc. So it’s always been in the platform.
What are our intentions with this fee? Well, the first thing is to say that we are only going to try and collect the fees twice a year. I must say that our intention is not to sell your shares. So we are giving you six months from the last time that we recovered fees to recover those fees for yourself. Either make a deposit or sell the shares that you want to sell, or receive dividends from your portfolio because that’ll automatically pay the fees.
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