Our Fees
Our fees are transparent and are always agreed in advance of any work taking place.
Full details are provided to you at the start of our relationship in our Terms of Business document.
Lump sum advice (investment of new funds or transfer of existing funds)
Initial fee – we charge a minimum of £1000.
This covers the initial advice including information gathering, research & analysis, recommendation report and implementation. The fee is based on the amount to be invested or transferred.
Cumulative bandings
| Investment Amount | Fee |
|---|---|
| £0-£250,000 | 2% |
| £250,000 - £1million | 1% |
| £1 million+ | 0.5% |
Example, lump sum investment of £400,000:
| £0-£250,000 @ 2% = | £5,000.00 |
| £250,000 - £400,00 @ 1% = | £1,500.00 |
| Total = £6,500 |
Hourly Rates
Where the work is outside of our standard services proposition (typically for advice not involving the investment or transfer of a lump sum), we will work on the following hourly rates. This charging structure is instigated at our option where you have complex pension arrangements, investment in non-mainstream products or complex, tax or trust requirements to consider.
We will agree on a fixed amount or a limit, above which, we will contact you for further instructions based on these rates.
Examples of what you might pay
A typical project can take in total roughly 10 hours of work:
- 2 hours of Administration = £160
- 4 hours of para-planning = £480
- 4 hours of technical work & advice = £1000
- Total = £1640
For non-advised services, if the commission is available to us, you can choose to pay us by allowing us to keep the commission, or by paying us an adviser charge instead. If you choose to pay via commission, we will tell you how much we are paid.
Ongoing Advice Fees
This covers our Ongoing Advisory Service which includes an annual review meeting to ensure your planning remains on track and additional support as may be required. Minimum £900 p.a.
| Based on total funds under management (FUM) total | Ongoing fee % |
|---|---|
| £100,000 - £250,000 | 0.9% |
| £250,000 - £500,000 | 0.8% |
| £500,000 - £1million | 0.7% |
| £1million - £2million | 0.6% |
| £2million + | 0.5% |
Example: £400,000 under management
£400,000 x 0.8% = £3,200 pa
You can learn more about our Ongoing Advice Service here.
FAQs
Do I have to pay for an initial meeting?
No. There is no charge for an initial meeting. The meeting is to understand your objectives and to explain how our service works. There is no obligation to proceed.
What is your minimum fee?
Our minimum fee is £1000. Advice is always given in writing in your personal recommendation report after completing a Fact Find and undertaking research and analysis.
How do I know if your fees are competitive
We set our fees based on our experience of how long we spend providing our service and we have analysed the fees charged by other firms to ensure we offer fair value. Our ongoing advice services are tiered downwards depending on the amount invested rather than a single percentage, making our fees competitive and fair.
How do I pay your fees to us
Usually all fees are paid to us by deduction from your investments by the provider. We also offer the option of paying us directly rather than via your investments.
Do you get commission from fund providers
For retail investment products, commission was banned under RDR rules on December 31 2012. Our fees for advising on these products are the same for all providers, removing potential bias.
For protection products such as life insurance, income protection and critical illness cover, commission is paid to us by the provider. The amount is fully disclosed in your recommendation report.
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