There are two options:
| Fee payment option |
Investment type / Service |
Fee amount |
| 1. A percentage of the investment or transfer amount |
Investing or transferring a sum of money |
- A typical investment of £250,000 or above would pay an initial fee at 1%.
|
|
2. An agreed fixed fee
|
In some circumstances it will be appropriate to charge a fixed fee for our advice and the work involved to prepare a recommendation or review report |
- Fees, scope of work and desired output will be agreed upfront.*
|
* This fee depends on the complexity of the work involved, typically relating to activity which is not intended to result in the implementation of a product solution.
For new clients, these fees are subject to the overall recommendation meeting the minimum advice fee of £750. There is no minimum for existing clients where the investment is set up on our wealth planning and review service.
Any recommendations that involve the transfer of a defined benefit pension will be subject to a minimum charge of £4,000, the first £1,000 of which is payable upfront regardless of whether a transfer proceeds.
Here’s an example for an existing client based on a £250,000 investment, assuming the value remains constant at £250,000. The actual fee amounts you pay will change based on the value of your investments and the funds you choose to invest in, and whether you are a new or existing client.
In the first year:
| Fee type |
Percentage amount |
Monetary amount |
| Advice initial fee* |
1% |
£2,500 |
| Advice ongoing fee |
0.88% |
£2,200 |
| Platform charge** |
0.19% |
£475 |
| Investment charge*** |
0.85% |
£2,125 |
| Total cost in first year |
2.92% |
£7,300 |
In future years:
| Fee type |
Percentage amount |
Monetary amount |
| Total ongoing yearly cost |
1.92% |
£4,800 |
Total = £7,300. This is for the first year and is based on an investment value of £250,000. The ongoing cost in each subsequent year in this scenario, based on a constant investment value of £250,000, would be £4,800. The ongoing yearly cost is made up of the ongoing advice fee, platform charge and investment charge.
* Our initial fees are on a stepped basis where the investment is set up on our wealth planning and review service.
** The Platform charge is for the servicing and administration of your investments, through which you can invest in a wide range of investment solutions.
*** The investment charge is made by the fund manager. It is the cost of investing in that particular investment funds and can vary between funds.
Ongoing fees
Our ongoing fee is dependent on your circumstances and needs, we will discuss this with you along with your other fees at your initial meeting. Our wealth planning and review service includes the opportunity to review of your needs, objectives and planning solutions at least once a year.
At a review, we will cover:
- assessment and update of your personal circumstances
- review of your goals and objectives, including income and growth requirements
- reassessment of your attitude to investment risk/return and market sectors (asset allocation)
- review of investment performance and holdings
- valuations, policy information and investment commentary
- review of your personal tax position, including income tax, capital gains tax and inheritance tax
- reassessment of your affordability, budgets and costs
- assessment of the ongoing suitability of your existing arrangements
- cash flow forecast, where appropriate
- reassessment of your levels of protection
- information regarding regulatory and legislation changes
- recommendations in order to keep your new/existing plans in line with your objectives.
