Fees
We believe in charging fairly for the work and value that we deliver.
For that reason, we charge on a fixed fee basis. The fees we charge are linked to the complexity of your personal situation, and the amount of time we will need to analyse your current arrangements, research improvements, put together our recommendations and implement your plan.
Because we charge on a fixed fee basis, which we believe is fair and transparent, we work best with clients with investable or advisable assets of £300,000 or above.
When we charge fees
Before we undertake any financial planning work or investigations, we want you to be clear on the fees involved and at what point you’ll be asked to pay them, so that there are no surprises.
Here’s a summary of the different stages of the process and when fees are payable.
Initial meeting or discussion
This meeting is generally undertaken at our expense. This is because there is no guarantee that we can work together with you, as our services may not be suitable for what you are trying to achieve.
At this stage we would be looking to understand your objectives, what you are looking to achieve and what is important to you.
Assuming there is common ground on both sides, we would then be able to discuss the work we could undertake on your behalf and well as provide an estimate of the total fees payable.
Preparation of a Comprehensive Financial Plan
This is where the work begins to put your money and life together through:
- Understanding your objectives and collecting personal information
- Risk profiling and checking your capacity for loss
- Investigating and making enquiries into any existing arrangements that are relevant.
- Creation of cash flow forecast using financial planning software
- Shortfall analysis and discussion around options.
- Recommendations discussed and provided in a detailed written report.
This is typically completed over two face to face meetings.
For more information and examples of our fixed fee charging structure, please request a copy of our Client Agreement.
What we charge
We believe in charging a fair fee for the work we do for you and the value this provides.
By setting a fixed fee tariff, fees are based on the anticipated time and work undertaken which includes the enquiries into existing schemes, research work and preparing your financial plan. This way you are only paying fees linked to our professional services rather the value of the capital your investing.
We aim to deliver as much value as possible to you through our Financial Planning and we do this from outset by offering three fixed fee tariffs, depending on your needs.
| FULL FINANCIAL PLAN | £2,650 |
| FULL JOINT FINANCIAL PLAN | £3,550 |
| COMPLEX FINANCIAL PLAN | Starting from £4,450 |
There can be times where we have to deviate away from the Fixed Fee Tariff. Typically, this would occur if it is necessary to undertake more work that is normally anticipated and reasonable to complete your Financial Plan. We will discuss any additional expected costs with you prior to commencing work.
For example…
Recently retired
A recently retired single client seeking advice on how he can best invest some inherited money.
This client has little investment experience, but he realises that he needs a safe pair of hands to guide him through the options available.
This client values simplicity and hopes any decisions that he makes remains flexible enough to allow him access to his capital as and when he needs it.
Full Financial Plan:
No existing plans to investigate
£100,000 to invest for tax efficiency, does not require income.
Total cost: £2,650
All fees are chargeable in two equal instalments, 50% payable before work commences and 50% on presentation of your Financial Plan.
A couple approaching retirement
A couple approaching retirement are seeking income options from existing pensions and investment advice for existing savings.
They are fairly experienced investors with some knowledge of pensions and various investments.
Their main priority is ensuring their financial planning arrangements are transferable to each other should anything happen.
They also want to understand whether they have accumulated enough for their desired lifestyle, and how much they can comfortably spend.
They value having someone they can rely on to look after their pensions and investments. They would like help on a regular basis if they need to change their plans or help their family out.
Full Joint Financial Plan:
Four separate pension schemes investigated and advised on.
Total value of schemes and savings advised on is circa £300,000
Total cost: £3,550
All fees are chargeable in two equal instalments, 50% payable before work commences and 50% on presentation of your Financial Plan.
Experienced investor seeking advice
An experienced investor seeking investment advice, tax, and estate planning.
Previously she has looked after her own financial affairs and her decisions have gone well. This time round she is looking to simplify things so that she does not have numerous different investments to look after.
She is comfortable with taking some risk over the long term as she seeks growth and then income in the future. She may wish to consider gifting capital to her children or grandchildren as the need arises.
Ultimately, she would like to remain independent should care be required at a later stage and she can pass on wealth as tax efficiently as possible.
Complex Financial Plan:
Recommendations on using life assurance and trusts, gifts, and exemptions.
Advice given as regards all existing Investments and Savings held.
Total Value of existing and new Investments advised on £350,000 +.
Existing portfolio investigated and advised on.
Total cost: £4,450 (This is a guide. It may be necessary to agree a higher fee at outset depending on the volume and complexity of the work undertaken.)
All fees are chargeable in two equal instalments, 50% payable before work commences and 50% on presentation of your Financial Plan.
Ongoing Review Service
Most clients are provided with an ongoing review service. This usually consists of an annual review to update you on the progress of your Comprehensive Financial Plan, and includes:
Any changes that are necessary to keep you on track to your goals such as fund switching or replacement, or rebalancing of your portfolio.
A check in on your risk profiling and recommendations of changes if required.
An update and explanation of any legislative changes or changes in taxation rules that may have come into force since our last meeting.
Full support on administration issues.
A written summary of our meeting and any recommendations that arise from it.
As well as ongoing email or telephone contact if required whenever you need it.
Access to a secure daily valuation portal if required.
Communicating or liaising with your Attorney or other professionals if required.
Our annual review service is subject to a minimum fee of £1,000 per annum and is costed based on the total value of funds invested as follows:
| £0 – £250,000 | 1 % |
| £250,001 – £600,000 | 0.75 % |
| £600,001+ | By individual agreement |
