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How we charge

We understand how important cost is when you are choosing a financial planner to work with. That is why we have chosen to be in the minority of firms that disclose their fees online.

We hope to work with you throughout your lifetime and aim to deliver you significant value, so we need to be transparent and honest from the outset.

This way, you’ll maximise the value of having a dedicated wealth manager working with you, wherever you are.

The information below will give you as much detail as you need before your Initial Meeting. However, for accurate figures, we advise speaking to us directly. We will never undertake any fee-generating work without first agreeing it with you.

Stage 1. Initial Meeting

After getting in touch, we will hold your Initial Meeting with you to understand a little bit more about your circumstances and the issues that have brought you to us. We want to be satisfied that we can assist you and, importantly, deliver you significant value, before we move on to explore more thoroughly the option of working together.

Stage 2. Discovery Meeting

Following on from your Initial Meeting, your Discovery Meeting involves a more comprehensive exploration of your unique set of circumstances, objectives and goals. As we’re willing to invest our time in getting to know you, your situation and what you want to achieve with your finances, we always undertake this meeting at our expense.

Towards the end of this meeting, we aim to have closely defined the scope of the advice you require, broadly laid out the process and timescales involved, and outlined the likely costs. A key objective of this meeting is to help you assess whether our fees will deliver significant value.

Stage 3. Financial Strategy

Once we’ve understood your goals, and you have confirmed that you wish to formally engage our services, we will ask you to complete our client agreement and start the process of constructing your bespoke Financial Strategy to help you achieve your goals. The process here includes:

 

  • Further consultation following the Discovery Meeting to develop an overall understanding of your objectives and requirements. This often involves helping you to define, quantify and prioritise your goals.
  • The use of interactive cashflow forecasting to give you a visual representation of what your financial future may look like, including comparisons with different “what if?” scenarios. Read about the benefits here.
  • Researching any existing provisions you have and a critical analysis of the relevant options available.
  • Recommendations for tax-efficient planning concerning your savings and investments.
  • Advice on creating an investment portfolio that best suits your financial goals and objectives.
  • A bespoke strategy with actionable recommendations to help take you closer to meeting your goals and objectives.
  • A further consultation to walk you through our recommendations in your Financial Strategy report, highlighting the key advantages and the relevant risks.

We charge a minimum fixed fee of ÂŁ3,500 for this service and for most clients we work with, we do not expect to exceed this fee.

This is dependent on complexity, however. If we identify that your circumstances are more complex and the fees exceed the usual cost shown here, we will flag this to you. To better understand what drives our fees, read our article, which highlights the four important factors that could affect the fees we charge you.

Stage 4. Implementation

If you wish to proceed with implementing our recommendations, you have the option to undertake this yourself or hand over the responsibility to our team. In most cases, our clients prefer that we take professional responsibility for ensuring the accurate implementation of our recommendations. This fee covers:

  • Completing all paperwork and applications
  • Liaising with product providers and investment platforms
  • Placing investment instructions for any new investments we recommend.

Our fee

For this service, we typically charge a fixed fee of around ÂŁ2,000. However, this is dependent on the complexity of the recommendations made at the Financial Strategy stage. We will disclose the exact amount in your Financial Strategy report. Read our article here to understand the factors that could affect the fees we charge.

Stage 5. Ongoing Advisory Service

To manage your long-term financial future, we strongly recommend reviewing your strategy at least annually, although it is often more frequent. This review will involve detailed discussions about any recent or upcoming changes that could affect your plans.

 

When you move into our Ongoing Advisory Service, we provide a wide range of services, including:

  • An Annual Progress Meeting, which we schedule in advance
  • Regular contact with your financial adviser
  • Monitoring progress towards your goals and a review of your cashflow forecasting
  • Reviewing your recommended strategy
  • Ongoing investment advice
  • Yearly tax mitigation
  • Pension planning
  • Income management
  • Estate planning
  • Working with any of your existing advisers
  • Introducing you to other professionals, if required.

Our fee

For this service, we charge our Ongoing Advisory Service fee of 0.95% of assets under advice for the first ÂŁ1 million, subject to a minimum of ÂŁ3,750. This service is charged on a tiered basis as follows:

Assets under advice Our charge
Less than ÂŁ1 million 0.95%
ÂŁ1 million to ÂŁ2 million 0.85%
ÂŁ2 million to ÂŁ5 million 0.75%
More than ÂŁ5 million 0.65%
Example: If the value of your assets under advice (the assets that you specifically appoint us to advise on) is ÂŁ500,000, we would charge you ÂŁ4,750 per annum.

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