what it costs
We are transparent and fair about the cost of our service, operating hourly fee rates for services that are not dependent on the sale of financial products, and offer capped fees for the recommendation, arrangement and ongoing servicing of larger investments.
Before we provide any chargeable services, we will meet with you to discuss your circumstances and needs so that we can gain a full understanding of your financial goals and determine whether we are in a position to help. We do not charge for this initial meeting and if we both subsequently agree to work together we will provide you with a written fee agreement confirming the work to be completed and the specific cost. Only on your signed acknowledgement will we proceed.
Every client has a different level of complexity, however, you will find our typical fee rates below. You will be reassured to know that our ‘Initial Advice’ and ‘Ongoing Advice’ service charges are lower than the market average based on the Financial Conduct Authority’s research report ‘Survey of Firms Providing Financial Advice (April 2016)‘.
Initial Advice Services
Initial advice includes the time that we spend with you, your existing account providers and any third parties so that we can fully understand your current circumstances and stated needs. We can then create a financial plan to match your circumstances and needs, followed by the recommendation and arrangement of any suitable financial products if required.
Exploration, Financial Planning, Analysis & Reporting
It is not uncommon for prospective client circumstances and needs to be unclear at the outset and therefore some exploration, financial planning, analysis & reporting work may need to be completed before, or without, the need to arrange a financial product. In these circumstances our fee is based on the amount of time spent calculated at the following hourly adviser rates:
£100 per hour for Research & Administration
£150 per hour for Advice
£175 per hour for Specialist Advice (Occupational Pension Transfer Analysis)
What We Can Provide:
- A Financial Review
- Cash Flow Modelling Plans
- Personal & Occupational Pension Transfer Analysis
- Any Other Reporting, Analysis or Investigation
For example, if a Financial Review requires 3 hours of Research & Administration and 2 hours of advice, our fee will be (3 x £100) + (2 x £150) = £600
Investment Recommendation & Arrangement
For the recommendation and arrangement of lump sum investments/pensions, or the transfer of an existing lump sum investment/pension to a new product, we charge a one-time initial adviser fee on a reducing, tiered, cumulative, percentage of the initial investment amount as follows:
3% of the first £25,000 – Subject to a minimum fee of £500
2% of the next £225,000
1% of the next £750,000
No charge for the remaining amount
For example, if you invest or transfer a lump sum of £100,000 the adviser fee will be (£25,000 x 3%) + (£75,000 x 2%) = £2,250. Aggregate initial fee of 2.25%
On this basis, the larger the investment the lower the initial aggregate fee as a percentage of the investment, with a maximum initial fee of £12,750 for investments in excess of £1.0M.
Where agreed, previously paid Exploration, Financial Planning, Analysis & Reporting fees will be offset against the Investment Recommendation & Arrangement fee.
Regular Premium Products
For pension and investment accounts with regular monthly payments, we charge a fee based on the amount of time spent as per the hourly fee rates above.
For example, if a Personal Pension requires 4 hours of Research & Administration and 1 hour of Advice, our fee will be (4 x £100) + (1 x £150) = £550
The arrangement of insurance policies pays commission to our firm subject to receiving a minimum payment of £500.
A fixed fee of £500 to advise on each property mortgage transaction. We may also receive a commission from the lender on completion.
Ongoing Advice Services
There is an additional adviser fee for any ongoing planning and support that we provide to you, ensuring that you and your financial arrangements keep on track with your initial and evolving goals. We consider ongoing services to be an integral and necessary part of the financial planning and advisory process.
For accounts with assets under our management valued at up to £50,000 we offer limited telephone and email access to a financial adviser for management of the arranged product and associated financial goal with one telephone based annual review of up to half an hour.
Our fee is 0.70% per annum, levied on the value of your account up to £50,000 subject to a minimum fee of £250 per annum.
For accounts with assets under our management valued at between £50,001 and £150,000, we offer unlimited telephone and email access to a financial adviser for management of the arranged product and associated financial goal with one telephone or face to face annual review of up to one hour at a convenient location. The service also comes with more detailed investment monitoring and behavioural support.
Our fee is 0.50% per annum on the total value of your account up to £150,000, subject to a minimum fee of £350.
For accounts with assets under our management valued in excess of £150,000 we offer unlimited telephone and email access to a financial adviser with additional face to face meeting time, a full annual review (unrestricted time) and periodic telephone or face to face appraisal throughout the year where required. Our Full Oversight service also includes full behavioural coaching support and full financial planning support services.
Our fee is on a reducing, tiered, cumulative, percentage basis:
0.50% per annum of the first £1.0M
0.30% per annum of the next £2.0M
No charge on the amount above £3.0M
On this basis, the larger the investment the lower the ongoing aggregate fee as a percentage of the investment.
Feel free to contact us for full details of the services offered.