First Samuel Limited

First Samuel does not charge or receive any commissions, including introductory commissions, "soft dollar" commissions  or trailing commissions. Any rebates we might receive are paid to our clients' accounts.

We have a fiduciary relationship with our clients.

It is both our responsibility, and desire, to serve our clients' interest, above our own.

In practice this means:

We regard it as unethical to offer or accept commissions.

This contrasts starkly with the traditional practice of advisers steering clients towards managed funds, wrap accounts or master funds because of the upfront and trailing commissions they receive for so doing, or towards non-discretionary brokers who might pay a rebate.

The investments we make for you are selected because they will meet your needs, not because they will earn us commissions.

Any commissions we may receive from third parties for managing your investments will be passed onto you, in full.

We have a policy of full fee and cost disclosure.

These are set out clearly in our Financial Services Guide. There are no hidden charges or fees.

We tell you the way it is.

Not all investment decisions will be successful and we will tell you when we have made decisions that have not met our expectations.