what it costs
We believe in being clear, transparent and fair about the cost of our service and operate maximum fee amounts for our largest investors.
Before we provide any chargeable services, we will meet with you to gather information about your circumstances and needs. We do not charge for this meeting and if we both subsequently agree to work together we will provide you with a written agreement confirming the work to be completed and the specific cost. Only on your signed acknowledgement will we proceed.
Every client scenario is different and each case is assessed individually, however, you will find our standard fee rates below. Both our ‘Initial Advice’ and ‘Ongoing 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)‘ and our capped fees demonstrate a fair fee structure for all.
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 arrangement of any suitable financial products if required.
The initial fee pays for our research, reporting, guidance, support, advice, knowledge, time, value provided, responsibility taken over your actions, regulatory protection offered and arrangement of any suitable financial products that enable you to meet your stated needs.
For Lump Sum Investments, Pensions & Transfers
We charge for initial advice on a tiered, cumulative, percentage of the invested value, with a maximum overall fee.
Charged at 3% of the first £25,000 (Subject to a minimum fee of £500)
Charged at 2% of the next £225,000
Charged at 1% of the remaining amount (Subject to an overall maximum fee of £10,000)
A client investing a lump sum of £100,000 would pay a one-time initial fee for advice of £2,250. (£25,000 x 3%) + (£75,000 x 2%). An aggregate fee of 2.25%.
A client investing a lump sum of £500,000 would pay a one-time initial fee for advice of £7,750. (£25,000 x 3%) + (£225,000 x 2%) + (£250,000 x 1%). An aggregate fee of 1.55%.
Our maximum initial fee of £10,000 is reached at an investment level of £725,000 and investments in excess of this amount will not incur a fee greater than the stated maximum.
For Monthly Premium Investments, Pensions & Planning Advice
We charge for initial advice based on the amount of time required at the following hourly rates:
£150 per hour for advice
£100 per hour for research
£75 per hour for administration
£175 per hour for specialist advice
A client wishing to arrange a standard monthly contribution pension account may require 1 hour of advice, 2 hours of research and 4 hours of administration at a total cost of £650. (1 x £150) + (2 x £100) + (4 x £75)
A client wishing to complete a pension wealth forecast may require 2 hours of advice, 4 hours of research and 4 hours of administration at a total cost of £1,000. (2 x £150) + (4 x £100) + (4 x £75)
*Specialist advice includes Occupational Pension Scheme Transfer reporting
The arrangement of insurance policies pays commission to our firm subject to us receiving a minimum payment of £500.
We charge a fixed fee of £500 to advise on each property mortgage transaction. We may also receive a commission from the lender on completion.
Ongoing service fees pay for the time that we spend each year with you, the agreed account providers and any third parties enabling us to keep you and your financial plan on track.
Depending on the complexity of your arrangements, and our agreement with you, it could include but is not limited to a selection of the following:
- Regular ongoing review meetings
- Telephone, email and face to face support, assistance and our general availability
- Investment monitoring, assessment and review
- Fund switching and rebalancing advice where appropriate
- Reporting, forecasts and formal responses to your enquiries
- Behavioural coaching especially at points of anxiety or excitement
- Provision to you of increased understanding and knowledge
- Regular assessment of your product, plan suitability and risk profile
- Regular assessment and use of tax allowances and exemptions
- Continued responsibility for your actions and a clear procedure in the case of complaint
- Administration including our own direct contact with account providers on your behalf
- Maintenance of our own knowledge, the markets in which we operate and processes to enable us to provide you with the required service
- Our continued operation within regulatory guidelines
- Liaising with third parties such as accountants and solicitors where appropriate
We charge for our ongoing advisory service on a tiered, cumulative, percentage of the asset value supervised, with a maximum overall fee:
0.50% per annum on investments valued up to £1.0M (Subject to a minimum fee of £250 pa)
0.30% per annum of the remaining amount (Subject to an overall maximum fee of £10,000 pa)
A client with £100,000 under our supervision would pay an ongoing service fee of £500 pa. (£100,000 x 0.50%)
A client with £1,500,000 under our supervision would pay an ongoing service fee of £6,500 pa. (£1,000,000 x 0.50%) + (£500,000 x 0.30%). An aggregate fee of 0.43%
Our maximum ongoing fee of £10,000 is reached at an investment level of £2.67M and investments in excess of this amount will not incur a fee greater than the stated maximum.
We also offer a reduced ongoing service fee for accounts investing wholly in single ‘self-managing’ asset allocation funds and outsourced Discretionary Fund Managers:
0.30% per annum on the full value (Subject to a minimum fee of £250 pa and overall maximum fee of £7,500)
Our full terms are provided in writing, discussed and agreed before proceeding.