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Charges and fees 2018-10-09T14:22:30+00:00

Charges

Unless your fees are paid by your employer you will be charged fees for our services. Our charges are shown in the Personal Advice’ section below.

Payments can be made paid up-front, by invoice or, with your permission, charged directly to your product (which will reduce the amount left for investment).

A fixed charge for our services will be agreed with you separately in writing in our Service Agreement, and they will always be clearly disclosed to you before you decide to proceed.

Our charges fall into the following categories:

a) Initial charges: these are the upfront costs of our services. We offer several types of initial service depending on your needs.
b) Ongoing charges: once your financial plan is in place it is important to keep it under review, so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this.

Our actual charges and fees are in pounds and pence. We’ll let you know where any fees are subject to VAT.

Personal Advice

If you decide to proceed with financial advice provided by our team, you will be charged a fee which is discussed upfront in your consultation call with us. Our table of services can be viewed below.

Retirement Advice Report
Personalised Report & recommendation for those within 6 months of retirement (up to 3 pension pots)
This service does not include Defined Benefit schemes such as final salary.
Our typical charge for this service will be £500.

Retirement Options Report
For those within 5 years of retirement.
Our typical charge is £250.

Pension Tidy Up
A review of either personal and/or previous employer pension schemes and recommendation as to whether it is appropriate to consolidate into new or existing scheme.
Our typical charge is £150 per pension pot.

Defined Benefit Transfer/ Safeguarded Benefits
Report and recommendation as to whether it is appropriate to transfer guaranteed benefits into a new scheme
Our typical charge is £950 per pension pot

Financial Planning MOT
Establish your objectives, your attitude to and understanding of risks, your current plans and investments, undertaking research to identify appropriate plans and solutions, providing a personalised advice report and implementation of agreed recommendations.

Our typical charge for this service will be £1,250 for a single report. For a joint report the charge would be £1,500.

New Investment Planning
New investment Planning report and recommendation for a new product.
Our typical charge is £150 plus £50 per additional product.

Investment Tidy Up Review of existing investment and recommendation to retain or consolidate into new or existing product.
Our typical charge is £100 per investment account.

Protection Planning
Protection Planning Report and recommendation on needs and implementation.
Our typical charge will be £250 for the report plus commission from the provider on implementation.

Inheritance Tax Planning
Inheritance Tax Planning Report and recommendation to mitigate IHT liability
Our typical charge is £1,500

Where we are not able to quote or agree a fixed charge, our service will be charged on a ‘time spent’ basis based on the following typical hourly rates:

Director
£250 per hour

Chartered financial planner
£200 per hour

Paraplanner & research analyst
£100 per hour

Administrator
£50 per hour

We will tell you if you are required to pay VAT.

Charges to employers

If you are an employer looking to provide your employees with access to our online advice services. The costs will vary depending on the service you are looking to provide.

Get in touch with us for a specific quote for your company.

Service fees and reviews

As part of our advice we recommend you register for our ongoing review service to ensure that our recommendation continues to meet your financial goals.
You will pay a fee for this ongoing service. Where possible this can be charged directly to your fund and this will reduce the amount left for investment.

Pre-Retirement Advice

0.25% of the total market value of the funds under management.
e.g. For a fund of £100,000, our fee would be £250 per annum.

Post Retirement

0.50% of the total value of the accumulation unit value.
e.g. For a fund of £100,000, our fee would be £500 per annum.

Investment Advice

0.25% of the total market value of the funds under management.
e.g. For a fund of £100,000, our fee would be £250 per annum.

Inheritance Tax Planning
0.25% of the total market value of the funds under management.
0.50% of the total market value of the investment funds that we manage on behalf of trustees.

You can pay by monthly standing order.

The Ongoing Review Service is optional and you do not have to use it. If you do register for the service and subsequently decide to cancel you can do so at any time by giving us three months’ notice in writing.

Where we agree to provide you with a service that includes an ongoing review of the suitability of the investments we have recommended, we’ll carry out this review at least annually. To do this we will need to contact you to assess whether the information we hold about you remains accurate and up to date. We’ll issue you with a report setting out the results of our assessment and, if relevant, any updated recommendations.

Service fees and reviews

All our charges are subject to our Terms of Business.  You will pay for our services on the basis of fees which will either be paid up-front, by invoice or, with your permission, charged directly to your pension product (which will reduce the amount left for investment).  We are always willing to discuss your payment options with you and answer any questions you have.