Simple, easy to grasp charges with no hidden costs.
We want our fees to be clear, so you always know how much you will pay for our services, now and in the future.
About our fees.
Before we provide any advice, we will agree with you the cost of our services and we will enter into a fee agreement with you. We will not charge you until we have agreed with you how we are to be paid.
Discovery Meeting
At our cost
This is where we get to know each other, and we spend some time to understand what you are trying to achieve, and to establish if our service is suitable for you. It is also an opportunity for you to ask questions and understand how we work and what our charges are.
This meeting is held at our cost and provides an opportunity for both sides to see if we can work together, and importantly that we are able to add value for you. There is no commitment from you at this stage.
Financial Plan
Fixed Fee of £1,000 - £2,750
This service evaluates your financial arrangements and shows how they support your goals. It includes identifying your objectives, creating the "Own Your Future" Financial Plan with a lifetime cash flow projection, reviewing existing arrangements, and providing recommendations for adjustments.
Costs vary based on complexity and the number of products analysed, with fees agreed upon in advance.
For example, if no policies needed to be reviewed and funds for investment came from cash savings, it is likely the minimum fee of £1,000 would apply; analysing eight policies would likely cost the maximum fee of £2,750.
Implementation
0.75% on the value of investments
Should you be happy to go ahead with our recommendations from the planning stage this is the part of the process where we put our recommendations into place.
It may involve investing cash, transferring or making changes to existing arrangements as well as putting in place regular contributions. We take care of all the paperwork and keep you updated every step of the way, as well as ensuring you are in receipt of everything once the plans have been put in place, and you have online access where required.
This is subject to a maximum fee of £3,000 and no minimum fee.
Ongoing Advice
0.75% per annum on the value of investments we advise on
We believe the true value of financial planning is in the ongoing support and guidance we provide to help you stay on track toward your goals.
Our service includes annual planning meetings to update your financial plan, semi-annual check-ins to address any outstanding actions, and additional meetings as needed. We're always available for phone or video calls and offer financial guidance for your family members while collaborating with your other professional advisers. Our aim is to help you manage your decisions and ensure your arrangements remain suitable as circumstances change.
This is subject to a minimum fee of £1,450 p.a and a maximum fee of £9,750.
Examples of our charges.
Implementation
Ongoing Advice
Financial Plan
A client has cash savings they wish to invest, as well as wanting advice on an existing ISA and pension that they have.
A fixed fee of £1,500 is agreed for the building of the financial plan and the advice in relation to how to invest the cash savings as well as what to do with the ISA and Pension.
Following this work, it is agreed to proceed with the recommendations, and these involve a new investment of £200,000 (from cash) and the transfer of an existing pension worth £120,000, whilst an existing ISA worth £100,000 is retained with no changes.
The costs associated with the advice would be:
Cash: £200,000 x 0.75% = £1,500
Pension Transfer: £120,000 x 0.75% = £900
Existing ISA: No change to this = £0
Other fees.
Investments
Along with our charges you may also have investment management fees and platform / provider costs. We would estimate that these would be 0.3% for investments and 0.2% for platform/provider, meaning an annual charge of 0.5%. When you factor in our ongoing advice fee this would bring the total annual cost to an estimated 1.25% p.a.
This is an estimate, as investment costs and platform fees will vary, and we will always confirm the fees with you before providing any advice.
Insurance
A minimum fee of £1,000 applies for advice and implementation in relation to these types of products and services. This will generally be offset against any commission received by us should you proceed with a recommended product. If the commission received is less than £1,000 then we would invoice you for the outstanding balance.
You will receive a quotation that will confirm the commission payable as well as any other fees or commissions relating to any particular insurance policy.
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