If, after the fact-finding stage, you decide to proceed to the next stage, we’ll ask you to formalise your permission for us to begin chargeable work for you by signing our Client Agreement.
If we need to consult with any professional advisers or financial services providers with whom you have an agreement, we’ll ask for your express consent to do so.
At this stage, we’ll undertake the process of thoroughly analysing your current position based on our extensive knowledge of financial markets and diligently researching potential solutions for your needs.
Next we’ll analyse the information obtained and prepare recommendations aligned with your needs and objectives, and then agree upon an investment strategy in line with your attitude to investment risk, capacity for loss and personal timeframes.
Finally in this stage, we will arrange to meet you to discuss our recommendations in full and take you through our proposals step-by-step. Then once you’re happy to proceed with our recommendations, we will complete all the documentation.
Our Fees for this Stage
Our fee to cover this stage of your Financial Plan would, wherever possible, be covered by a tiered fee of up to 3% of your investment as set out below. The fee is collected from your investment rather than asking you to write a cheque – although it may be possible for you to pay the fee by cheque if preferred.
The scale of our initial fees is as follows…
Tier One
£0 to £100,000
Tier Two
£100,001 to £250,000
Tier Three
£250,001 to £1m
Tier Four
£1m and over
For Final Salary Pension Scheme Transfer advice (also commonly known as Defined Benefit Transfers), given the specialist nature of this type of guidance, we have a separate services and fees menu which is available upon request.
A sliding scale of fees applies, meaning that the relevant fee or fee percentage is applied progressively.
Example: Client with total funds to invest of £125,000…
Tier 1 fee of £3,000 (£100,000 x 3%) added to Tier 2 fee of £250 (£25,000 x 1%) equals a total fee of £3,250
Should we undertake analysis and reporting work on your behalf but you decide not to take up our recommendations, we reserve the right to charge you a fee to cover our time.
This will typically be represented by a rate of £150 per hour with a minimum fee of £300.
For financial planning work which results in regular savings only (not lump sums) into a specific tax wrapper, or wrappers, our typical initial fee charged is a flat fee of £225. This covers both the Advisory and Administration input. The fee can be paid by cheque at the implementation stage of the process or, alternatively, taken on the first anniversary of the investment from the accumulated investment fund.