Contact Us / Fees
By Phone
To join instantly call our Client Services Team on 08717 121110
We accept all major debit/credit cards.
On Line
To apply online please click here or email us at enquiries@maxnetreturns.com
Alternatively, download the application form and the standing order form.
Click here for our brochure in PDF format.
By Post
Please complete, sign and return your MaxLay application/Managed Account mandate
together with your remittance either to the address on the form, or to:
Centaur Global Ltd
Centaur House
168, Main Street,
Seahouses,
Northumberland
NE68 7UA
Potential clients are welcome to visit our office by arrangement
Fees
MaxLay is a subscription service. The fees for this service are currently as follows:
A one off registration fee of £95 is payable
Managed Account Annual Fees
Bank Size |
Annual Membership Fee |
£ |
£ |
Up to £5,000 |
£1,195 |
£10,000 |
£1,995 |
£20,000 |
£3,600 |
£30,000 |
£4,795 |
£50,000 |
£7,195 |
£100,000 |
£13,500 |
£250,000 |
£30,000 |
£500,000 |
£60,000 |
Return on Fee Illustration
At first glance, MaxLay fees appear expensive. This is a comment we often get from stock market/hedge fund investors before they join. They are used to paying a lower percentage fee up front and higher subsequent commission/performance payments
However, MaxLay operates within a far smaller market than stock market investments and the current fee structure is essential for commercial reasons.
Clients who have remained with our sister service Maxnet for a year or longer are delighted with the product and most have increased their initial bank significantly. You would have to look long and hard for an investment product that has produced a tax-free return of £130,000 in 4 years on a £5,000 initial investment.
The following illustration ignores growth and reflects what income investors have received in 2007.
Illustration based on a £10,000 Maxnet Income Account Opened 1st January 2007.
PROFIT RELATED FEE OPTION
Under the profit related fee scheme ;
1.Clients pay an annual membership fee of £200 per £5,000 bank unit
e.g a client with a £10,000 bank would pay £400 initially wile a client with a £1000 bank would pay £40
2. In addition clients would pay a monthly profit share payment of 25% of any profits made in the previous month. This payment would be deducted from the monthly cheque sent out.
n.b clients opting for profit related fees cannot operate growth accounts.
3. Clients pay nil fees at the end of break even or losing months.
Example
In the following example for illustrative purposes MAXLAY has recorded an annual profit of 50% i.e 10 points. Over the year there were 8 winning months totaling 16 points profit and 4 losing months losing 6 points leaving an annual profit of 10 points or 50% of bank.
Client has a £10,000 bank.
A -Subscription model-scale fee of £1,995
B –Profit related model
Initial fee 2x £295 i.e £400
Profit related payments over the year
16 pts x £500 per point (£10,000 bank has 20x 500 points)= £8,000
profit related fee at 25% = £2,000
total fee =initial fee of £400 plus profit related fee of £2000 = £2,400
n.b while the incidence of winning /losing months is critical –in general clients would pay lower annual fees on the profit related model if centaur achieve below 50% profit but higher total fees if we achieve annual profits of greater than 50%
Investment
Maxnet Managed Account Deposit 1st Jan 2007 £10,000
Subscription plus one off registration £2,590
Total cost £12,590
Return
Bank at 31 December 2007 £16,250
Tax Free Profit £3,660
Tax Free return after fees 36.6% |
