Disclaimer
Newbridge Advisors LLP is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 630455. Visit www.fca.org.uk for more information. The Regeneration and Development Consultancy business is not regulated. Newbridge Advisors LLP is a limited liability partnership incorporated in England and Wales, number OC378028. Registered office at Mermaid House, Puddle Dock, London EC4V 3DB. This website is only directed at those that can be categorised as Professional Clients and Eligible Counterparties as defined under the rules of the Financial Conduct Authority in the United Kingdom. This website is not intended for use by any person in any jurisdiction where the use of this website would be unlawful or in violation of local regulation. This website is for information purposes only and is not to be regarded as an offer or solicitation to buy any financial product. Opinions reflect judgment at a particular time and are subject to change due to economic, industry, and firm-specific factors. We do not undertake to any obligation or responsibility to update such opinions.
Terms and Conditions
This website terms and conditions template is based on a free document supplied by The Legal Stop Limited through its website www.thelegalstop.co.uk
Introduction
Welcome to our web site. If you continue to browse and use this website you are agreeing to comply with and be bound by the following terms and conditions of use which govern our relationship with you in relation to this web site. If you disagree with any part of these terms and conditions, please do not use our website.
The term ‘we’ means Newbridge Advisors the owner of the website whose registered office Mermaid House, Puddle Dock, London, EC4V 3DB.
We do not provide any warranty as to the suitability of the information and material found or offered on this website for any particular purpose. Your use of any information or material on this website is entirely at your own risk, for which we shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this website meet your specific requirements.
You acknowledge that information and material found or offered on this website may contain inaccuracies or errors and we expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law.
To the maximum extent permitted by applicable law we exclude all representations, warranties and conditions relating to this website and the use of this website (including, without limitation, any warranties implied by law of satisfactory quality, fitness for purpose and/or the use of reasonable care and skill).
Limitations and Exclusions of Liability
To the extent that the website and the information and services on the website are provided, our liability to you in relation to the use of our website or under or in connection with these terms and conditions, whether in contract, tort (including negligence) or otherwise, will be limited as follows: Newbridge Advisors and its employees will not be liable to you for any loss or damage of any nature whether arising directly or indirectly from the use of or reliance on information obtained from this website; Newbridge Advisors and its employees will not be liable for any consequential, indirect or special loss or damage and will not be liable for any loss of profit, income, revenue, anticipated savings, contracts, business, goodwill, reputation, data, or information.
Nothing in these terms and conditions will limit or exclude our or your liability for death or personal injury resulting from negligence; limit or exclude our or your liability for fraud or fraudulent misrepresentation; limit any of our or your liabilities in any way that is not permitted under applicable law; or exclude any of our or your liabilities that may not be excluded under applicable law.
By using this website, you agree that the exclusions and limitations of liability set out in these terms and conditions are reasonable. If you do not think they are reasonable, you must not use this website.
Indemnity
If you breach these terms and conditions you will be held fully responsible for any loss suffered by Newbridge Advisors as result of such breach and will be held accountable for all profits made from breaching these terms and conditions.
You agree to indemnify us and undertake to keep us indemnified against any losses, damages, costs, liabilities and expenses (including without limitation legal expenses and any amounts paid by us to a third party in settlement of a claim or dispute on the advice of our legal advisers) incurred or suffered by us arising out of any breach by you of any provision of these terms and conditions.
Other Websites
This website may contain links to other websites that are not under the control of and are not maintained by us. Newbridge Advisors is not responsible for the content or reliability of the linked websites. Newbridge Advisors provides these links for your convenience only but does not endorse the material on these sites.
Waiver
The failure by Newbridge Advisors to enforce at any time or for any period any one or more of the terms and conditions shall not be a waiver of them or the right at any time subsequently to enforce all terms and conditions.
Severance
If any provision of these terms and conditions shall be found by any court to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other provisions of these terms and conditions which shall remain in full force and effect.
If any provision of these terms and conditions is so found to be invalid or unenforceable but would be valid or enforceable if some part of the provision were deleted, the provision in question shall apply with such modification(s) as may be necessary to make it valid and enforceable.
Variation
We may revise these terms and conditions from time-to-time. Revised terms and conditions will apply to the use of our website from the date of the publication of the revised terms and conditions on our website. Please check this page regularly to ensure you are familiar with the current version.
Exclusion of Third Party Rights
These terms and conditions are for the benefit of you and us, and are not intended to benefit any third party or be enforceable by any third party. The exercise of our and your rights in relation to these terms and conditions is not subject to the consent of any third party.
Entire Agreement
These terms and conditions constitute the entire agreement between you and us in relation to your use of our website, and supersede all previous agreements in respect of your use of this website.
Jurisdiction and Governing Law
These terms and conditions shall be governed by and construed in accordance with English law. Any dispute, claim or matter arising out of, or relating to, these terms and conditions shall be subject to the exclusive jurisdiction of the English courts.
MIFIDPRU 8.6 Disclosure
(Based on financial statements for the year ending April 2024)
Scope and purpose
This disclosure relates to Newbridge Advisors LLP (the “Firm”), which is classified as a small and non-interconnected (SNI) MIFIDPRU Investment Firm and is therefore required under MIFIDPRU 8.6 to disclose information relating to remuneration policies and practices.
In accordance with the rules, the disclosures herein are appropriate to the size, internal organisation, nature, scope, and complexity of the Firm’s activities.
Employee remuneration
Base salaries provide pre-determined, non-revocable compensation paid to individuals throughout the year, irrespective of Firm or individual performance. Base salaries and benefits constitute a significant proportion of the Firm’s total remuneration. This fixed element is based on the professional experience and responsibility within the Firm of an individual.
The Firm runs a discretionary bonus scheme that is based on individual performance as well as the Firm’s underlying profitability. The bonus does not form part of individual’s contractual remuneration. The size of the bonus pool is linked to the overall performance of the Firm. The employee incentive payment is linked to the contribution of the individual to performance. Bonuses are discretionary and will diminish or disappear in the event of poor business or individual performance.
When considering individual performance, the Firm considers both financial and non-financial metrics. To not incentivise unacceptable risk taking, fixed remuneration comprises most employee compensation.
Partner remuneration
Partners receive an agreed share of the revenue of projects with which they are involved, subject to overall Firm profitability. The balance of the revenue is for the Firm’s account. Very often the partner share is split between more than one partner by explicit agreement. These drawings are treated as variable remuneration.
The excess of the monies received for the account of the firm is distributed to equity partners according to their equity shares. These distributions are treated as a return on investment and not remuneration.
Objective of financial incentives
The objective of providing financial incentives is to promote behaviour that is aligned to the Firm’s long-term interests, strategic objectives, and ethical standards. Financial incentives are used to reward individual performance, as well as performance in excess of the staff member’s job description and terms of employment.
Governance and decision-making procedures
The Firm is required to implement and maintain remuneration policies, procedures and practices for all partners and employees that are consistent with and promote sound, effective risk management.
The policy is intended to cover all aspects of remuneration and has been created in accordance with the MIFIDPRU Remuneration Code (SYSC 19G).
The remuneration practices and policies are intended to:
- promote sound risk management practices in alignment with the Firm’s risk management principles;
- discourage risk-taking that is inconsistent with the Firm’s risk appetite or risk management policies and principles;
- control fixed costs by ensuring that remuneration expense varies according to profitability and does not place undue constraints on the Firm’s ability to maintain its capital base;
- link remuneration to the Firm’s financial and operational performance as well as individual performance;
- provide competitive, but not excessive, levels of remuneration compared to peer firms of appropriate size, scope, and complexity; and
- promote a positive culture towards risk management and compliance.
The remuneration practices and policies are intended to support the Firm’s business strategy, long-term interests and values, and to ensure that risk taking does not exceed the Firm’s tolerated level of risk.
Periodic benchmarking ensures that remuneration at individual level is not unreasonable or disproportionate to the amount, nature, quality, and scope of the work performed.
The remuneration policy outlines the criteria used to assess the performance of the Firm and of individual staff members. The Firm’s performance is assessed against its overall financial performance, as well as other measures such as new business gained, client satisfaction and employee retention rates.
Quantitative disclosures
| Remuneration awarded to all staff | |
| Fixed remuneration | £354,842 |
| Variable remuneration | £931,610 |
| Total remuneration | £1,286,452 |
