Fees
Our charges
The way we are paid for our services will depend on the type of advice given. Typically, this will be:
Financial planning
Fees agreed and paid by you.
Insurance business
Fee paid by you & commission payable by the insurance provider.
Our charges fall into the following categories:
Initial charges
These are the upfront costs of building your financial planning strategy.
Ongoing charges
Once your financial plan is in place it is important to keep it under review, so it can be adapted as your circumstances change. Our ongoing services are designed to do this.
Ad hoc charges
These are one-off charges to cover costs such as the administration of new policies or research undertaken by our team.
Our actual charges and fees (in pounds and pence) will be agreed with you before we do any work and we will explain your payment options too. We will also let you know where any fees are subject to VAT.
Initial financial planning fees
Building a bespoke Financial Plan
Starting at £1,495
Implementing Investments & Pensions
2% of gross investment
Implementing protection policies
Commission can be payable by the provider
Subject to medical underwriting & acceptance
£500 minimum for Life Cover (equivalent to
£20pm premium)
£1,000 minimum for Income Protection & Critical Illness Cover (equivalent to £40pm premium)
Any shortfall in commission can be met by paying a fee
Initial charges can be paid in a number of ways:
An overview of our financial planning fees:
Tier 1
For clients with straightforward requirements – i.e. those building up to retirement and winding down through retirement
Example: Financial Planning Strategy for an individual or couple with <£150,000 annual income and <£100,000 investment & pension, with <5 policies and employer benefits to review is £1,495.
Tier 2
For clients more established on their financial journey, i.e. those with some level of investments but needing support to ensure that their financial planning is on track to meet their needs and objectives.
Example: Financial Planning Strategy for an individual or couple with £250,000 annual income and £1,000,000 investment & pension, with <10 policies and employer benefits to review is £4,995.
Tier 3
For investors with more complex financial planning needs, i.e. those with multiple and complex assets.
Example: Financial Planning Strategy for an individual or couple with £500,000 annual income and £2,000,000 investment & pension, with 10 policies and employer benefits to review is £9,995.
Your initial fee will be calculated based on a number of different considerations, including:
Income
Investable assets
Variety/complexity of holdings
Variety/complexity of recommendations
Number of clients (single client, couple, family etc.)
Estimated resource required
Ongoing advice and review services
Ongoing servicing of financial plan Administration / Research fees
Percentage of funds under advice:
Balances up to £500,000 @ 1.00%
£500,001 – £1,000,000 @ 0.50%
£1,000,001 plus @ 0.25%
Ongoing fees can be paid in a number of ways:
Our charges for ongoing services will start on confirmation of subscription to an ongoing care and advice package.
Ongoing services can be cancelled at any time by informing us in writing but please note that we do reserve the right to charge you for services we have provided before cancellation.
If you do not have investment and pension funds, we can calculate a separate ongoing fee for maintaining and reviewing your initial financial planning strategy.
An overview of our fees for ongoing servicing:
Tier 1
For clients with straightforward requirements – i.e. those building up to retirement and winding down through retirement.
Example: £100,000 annual income and £250,000 investment & pension = £208 per month (£2,500 per year)
Tier 2
For clients more established on their financial journey, i.e. those with some level of investments but needing support to ensure that their financial planning is on track to meet their needs and objectives.
Example: £150,000 annual income and £1,000,000 investments and pensions = £625 per month (£7,500 per year)
Tier 3
For investors with more complex financial planning needs, i.e. those with multiple and complex assets.
Example: £250,000 annual income and £2,000,000 investments and pensions = £833 per month (£10,000 per year)
Family Office
For sophisticated affairs with multiple assets, where clients need help with all aspects of their personal and business finances.
From £25,000 per year.
Your tier will be calculated based on a number of different considerations, including:
Income
Investable assets
Variety/complexity of holdings
Variety/complexity of recommendations
Number of clients (single client, couple, family etc.)
Estimated resource required
We will agree together which tier suits you best before we start any work.
Other charges
Depending on the services we provide, there may be costs and charges (including taxes) not charged by us but related to the financial products we arrange for you. These charges may be one-off charges (payable up front) or charges payable on an ongoing basis. For example:
Service costs: If your investments are held on a platform (an online investment administration service) or held with a DFM, the platform provider will make a charge for administering your investments.
Investment costs: These are the costs relating to the manufacturing and managing of your investments, e.g. fees charged by the investment fund manager, costs relating to investment transactions.
