financial planning

Our Fees

We want to be upfront and transparent about our charging structure and have disclosed our fees online. This doesn’t happen enough in our industry and we hope this adds to our clients’ trust in us.

Our initial advice, implementation and ongoing charges are detailed on our fee menus. Fees will depend on the complexity of your situation which reflects the time taken in producing and managing your financial wellbeing.

get in touch

Initial Meeting

This is an opportunity for us to get to know each other. It gives you the chance to ask as many questions as you can think of, the services relevant to you, the benefits you can expect, our qualifications, process and fees. Most importantly you need to feel that you can trust us and be confident that our values align with yours.

This initial meeting is a free consultation and we will not charge you.

If you decide to work with us a fee is payable for our services. This covers most of our clients but we understand that everyone is different hence why we can offer bespoke planning based on an hourly rate of £185.

Preparation of your Financial Plan

Exploration of personal and financial dreams

Preparation of a lifetime cash flow plan

A discussion and analysis of your risk profile

“What if” scenario planning such as extra expenditure, retiring
earlier, downsizing

Recognition of any shortfalls in relation to your Financial Plan

Recommendations to improve your Financial Wellbeing

A written report in plain English

Cost: £1,850

Review of Existing Plans and Recommendations

An analysis of existing accounts that cover cost, performance, risk and features

Recommendations as to whether they are suitable or need amending

Comparison against the whole of the market to see if there are more appropriate options

Administration of applications, amending or setting up new plans

Arranging online access to plans where appropriate

One-page summary of all finances

A written report in plain English

Cost: £150

per plan if existing plan suitable or just needs amending

£300

per plan if existing plan is unsuitable and a new plan
recommendation is more appropriate

Recommendation of a New Plan

Whole of Market research to recommend the most appropriate plan

Administration of applications and setting up new plans

Arranging online access to plans where appropriate

One-page summary of all finances

A written report in plain English

Cost: £150

per plan

** If an investment is jointly held only one fee would be charged.
** Example plans are an ISA Investment, General Investment Account, Pension Plan, Structured Product or Investment Bond.

Fee Examples

Income expected in Retirement

You are nearing retirement and want to understand when you can retire and how much income you can expect. You have 2 existing pensions worth £600,000 and £20,000 cash to invest in a new ISA.

Financial Plan: £1,850 Pension Review One – Suitable: £150 Pension Review Two – New Plan Recommended: £300 New ISA Plan: £150

Total Cost: £2,450

This represents 0.40% of the total invested amount

Inheritance

You have inherited £250,000 and wish to plan for the future. You have no existing plans.

Financial Plan: £1,850 New ISA Plan: £150 New General Investment Account: £150 New Pension Plan: £150

Total Cost: £2,300

This represents 0.92% of the total invested amount

Pension Review

You have setup your own business and wish to review two old pension plans valued at £60,000 and start saving £500 a month for retirement.

Financial Plan: £1,850 Pension Review One – New Plan Recommended: £300 Pension Review Two – New Plan Recommended: £300 New Pension Plan: £150

Total Cost: £2,600

This represents 4.33% of the total initial invested amount

Ongoing Financial Planning

The key to making sure you are on your path to Financial Wellbeing is continued reviewing of your Financial plan.

The ongoing service includes:

Annual face-to-face review

Updated one-page summary and Cash Flow models

Look back over the last 12 months performance, costs and impact (if applicable)

Assessment against original goals

Understand if any changes need to be made either to the overall Financial Plan or the individual investments held

Liaising with accountant and/or solicitor

Our costs are based on the value of your investments and the
Service Level chosen:

Advised Portfolio Service – 0.8%

For clients whose investments need day to day management by an adviser. Portfolios are rebalanced every 6 months to both realign your risk profile and ensure exposure to a CGT liability is reduced.

Managed Portfolio Service – 0.6%

For clients whose investments automatically rebalance due to investment choice. For Portfolios over £1m we offer a bespoke ongoing charge to be agreed on an individual basis.

Ongoing Fee Examples

Investments

Your investments are valued at £600,000 and you have an Advised Portfolio Service. At 0.8% the ongoing service fee would be £4,800.

Pension

Your Pension is valued at £450,000 and you have a Managed Portfolio Service. At 0.6% the ongoing service fee we would receive is £2,700.

Basic Planning Service

For clients with more simple needs we offer a Basic Planning Service. This is designed to help those wishing to start saving into a pension/ISA or with funds under £50,000 to invest. This consultation is conducted remotely via phone or Skype.

The ongoing service includes:

Exploration of personal and financial goals

Simple Cash Flow Model

A discussion and analysis of your risk profile

Whole of Market research to recommend the most appropriate plan

Administration of applications and setting up new plans

A written report in plain English

Initial Cost: £900

Basic Ongoing Service:

Annual Review Meeting via phone/skype

Update on goals, risk, performance

Annual Statement of holdings

Ongoing Cost: £300 per year.

Analysis of existing plans and recommendations can be added as per Financial Planning Costs.