When seeking financial advice, the fees involved are important in choosing the right firm for you. With this in mind, we want to be open and honest about how we charge, so we have decided to disclose our fees here on our website.
Our charges fall into two categories: initial fees and ongoing charges. Below, you can better understand the costs involved and the service you will receive in return.
A 2017 report by Royal London and the International Longevity Centre showed that, on average, people who work with a financial adviser boost their assets by up to £43,245
Financial Planning is very much about you and what you are looking to achieve. The main purpose of our first meeting is to find out about you, your financial circumstances and your objectives. It is also an opportunity for you to get to know us, so that you understand what we do and how we can assist you. This meeting will be held at our expense, and it can take place via video call, telephone or face to face.
As a starting point, we will request the following information, in advance, or ask you to bring this along to our first meeting, to help our discussions:
What to bring:
Following our initial meeting, we will write to you to summarise how we can assist you in meeting your objectives and confirm the fees involved in moving forward. The work we agree to undertake very much depends on your circumstances and could involve any of the following:
These are the upfront costs of our services, relating to new work such as a review of existing arrangements, new investments (including top-ups to existing investments) and one-off reviews. This can be an initial fixed fee, taken on implementation of our recommendations, or a combination of both. Our actual fees will be agreed with you before we do any work, and we will explain your payment options too.
We will take you through a holistic financial review. This is achieved by having a complete understanding of your current financial position, your objectives and identified needs. This enables us to provide the most suitable solutions for you and assist you in meeting your financial goals.
The initial fee will cover our financial planning service, which includes:
Where we undertake a review of your existing arrangements and circumstances, we will charge an initial fixed fee in addition to an implementation fee. Where we are simply providing advice on a new investment or arrangement, no initial fixed fee will likely be taken; however, an implementation fee will apply.
Fixed fee
£2,500
£750
2.5% of the property value, subject to a minimum fee of £2,500. For example:
If the property was valued at £50,000, our fee would be our minimum fee of £2,500
If the property was valued at £200,000, our fee would be £5,000
Once we have presented our recommendations to you and you have signed off on your plan, we’ll put it into practice. At this point, you don’t need to worry about anything; we will take it from here and implement our recommendations on your behalf.
Where we are reviewing your existing arrangements and circumstances, an implementation fee will usually be taken in addition to an initial fixed fee. Our implementation fee is tiered and based on the amount of any funds invested or transferred, subject to a minimum fee of £1,000.
If you are an existing client looking for new arrangements or a top-up to an existing plan, the minimum of £1,000 won’t always apply.
Our fee
2%
1%
0.5%
0.3%
Here are some examples of how our fees could apply…
Our charge is dependent on the type and complexity of the protection required, subject to a minimum fee of £1,000. For example, we would deem protection planning in relation to Inheritance Tax more complex than one protection policy to be put in place to protect your family, if the worst were to happen.
Where we are paid commission, we will tell you the amount before we carry out any business for you. Any commission we receive from the product provider can be used to offset this fee, examples of which are shown below:
Once your financial plan is in place, it is important to keep it under review so it can be adapted as necessary as your circumstances change. Our ongoing service is the part our clients tell us they value the most, as they know we are there to monitor and review what they have, alongside their objectives and circumstances, which can change and evolve over time.
We currently offer four levels of ongoing service. The Partner service has been shown to benefit most clients in the long term and is designed to be our most proactive service. It offers you a far more rewarding financial relationship, allowing us to work together as financial partners and make the most of your current and future financial planning aspirations.
Our Partner clients benefit from all our services. While other service levels do not include all our services, these can be added at any time for an additional pre-agreed fee, as laid out in our ongoing service table, which you can find here.
0.75% per annum of funds under management, subject to a minimum fee of £6,000 per annum. For example:
If you invested £500,000, you would be charged our minimum fee of £6,000
If you invested £1,000,000, you would be charged £7,500
0.75% per annum of funds under management, subject to a minimum fee of £3,500 per annum. For example:
If you invested £200,000, you would be charged our minimum fee of £3,500
If you invested £500,000, you would be charged £3,750
1% per annum of funds under management, subject to a minimum fee of £1,500 per annum. For example:
If you invested £100,000, you would be charged our minimum fee of £1,500
If you invested £200,000, you would be charged £2,000
1% per annum of funds under management, subject to a minimum fee of £750 per annum. For example:
If you invested £50,000, you would be charged our minimum fee of £750
If you invested £100,000, you would be charged £1,000
Where our charges are based on a % of your investments, the amount of our ongoing charges may increase as the size of your fund grows. Please note that our ongoing charges may be tailored from the standard levels noted above where this is appropriate to a client’s specific circumstances and requirements.
We understand that your circumstances are ever-changing and we maintain our relationship with you through our ongoing service. Click the button below to better understand the services we will provide you with.
