As part of developing a trusted relationship with you, we believe transparency in our fee structure is essential. As well as providing you with clarity, our fees must also be fair and provide you with great value.
Given the bespoke nature of our work, it's not possible to list exact fees for every scenario. However, we've provided examples below to give you an idea of the potential costs involved, and what you should expect to receive as part of the service.
The cost of any time we spend with you prior to your formal engagement is covered by us. We will never charge any fees without first discussing them with you and obtaining your consent.
Our typical relationship will involve creating a financial plan, implementing the initial components to bring the plan to life and then working with you on an ongoing basis to adapt, develop and maintain the optimum trajectory of your ongoing planning.
Building your Financial Plan
Once we fully understand you, your circumstances and your vision we will build your plan. The cost will be defined by the complexity of your individual requirements however the fee will typically be between £1,500 and £2,500 and we will agree this with you in advance.
Once we understand your situation we will provide you with a formal quote before we start any chargeable work.
What's Included?
- Gathering and collating your existing information
- Researching any current contracts
- Crunching the numbers
- Analysis and initial reporting
- Cashflow modelling to visualise your future
- Creating your financial plan
- Discussing your plan and the next steps
- Providing you with a formal report
Bringing your plan to life
The initial steps of implementing your plan may involve transferring existing arrangements to a more suitable solution or arranging new investments for you. Our usual fee relating to this type of advice is 1.5% of the funds value.
Where your plan requires specialised investments, such as Venture Capital Trusts (VCT), our typical advice fee is 2.5%.
We also have a minimum fee of £1,000 and cap our charges at £10,000.
What's Included?
- Organizing your finances to align with your plan
- Conducting research of suitable solutions
- Managing all administration and paperwork on your behalf
- Providing regular updates to keep you informed of progress
- Producing a formal report, documenting our advice
- Updating your plan where relevant
Fee Examples
The following examples are based on a £100,000 investment
Keeping your plan on track
Life is dynamic, and change is continuous. Whether that’s a shift in how you feel about things, new ideas you want to consider, changes in your personal circumstances or the macroeconomic influences, such as tax and inflation, which affect us all, there are many influences which may change the path of your plan.
Ongoing adaptation and course correction are therefore a vital part of the process. Our charge to support the ongoing delivery of your plan starts from 0.85%, with a minimum fee of £2,000 and maximum of £10,000, and for those needing more regular contact, or wishing to explore multiple ‘what if’ scenarios, or structuring income withdrawals, or estate planning, our fee is 1%, with a minimum fee of £3,000 and maximum of £12,500.
Fee Examples
The examples displayed here are based on a £50,000 ISA and a £200,000 pension investment.
Standard Service
- ScoreMy report, recording your current financial satisfaction
- Valuation of investments
- Portfolio Review and changes where required
- ISA Utilisation & tax planning
- Documented suitability review
- Update of your cashflow forecast
- Financial coaching
- Legislative and industry updates
- Online portal access
Your requirements
Annual meeting to provide updated information and confirm the ongoing suitability of the investments
Enhanced Services
For our more comprehensive level of service
Everything included in the standard service, plus: -
- Six monthly virtual meetings
- Review of income requirements
- “What-if” update of cashflow forecasting
- Estate Planning Analysis
- Professional Adviser Liaison
Your requirements
Annual meeting and six monthly update, along with projections of how your plan could be further enhanced or updated due to changes in circumstance; or projections of the impact income withdrawals will have; or for us to attend meetings with your other professional advisers, such as your accountant
Our Service Fees
Mortgage Advice
For research, advice, recommendation, submission and processing of your application our typical charge is £595, payable at the point of an application being made. We may also receive a fee from the lender we arrange the mortgage with, we will disclose this to you within the mortgage illustration.
Protection Advice
For research, advice, recommendation, submission and processing of your application we will receive a fee from the product provider, which is a percentage of the annual premium. We will disclose any fee we receive within the protection illustration.
Bespoke Projects
If we are required to produce a bespoke project that does not fit within our standard charging structure we will work on an hourly rate, chargeable based on the level of expertise and qualification necessary to complete the work. Our hourly rates are;
- Administration - £30 per hour
- Para-Planning - £125 per hour
- Adviser - £250 per hour