What this involves
That’s why our first meeting will be about you and not your money. Once we know our clients better, we can start to put together a plan. Using our knowledge and some financial planning software, we can explore what is achievable for you.
We will look at different scenarios and discuss what your options are. We will then provide you with our advice and include our knowledge of pensions, tax and investments to help your plan become reality.
Introduction Call
Discovery Meeting
Strategy Meeting
Now we can start creating your plan. We can develop simple, illustrative graphs showing you what the future may look like built on your spending, risk profiles, existing plans, investment preferences and objectives.
- “What if” scenario’s such as retiring earlier, extra expenditure, downsizing and gifting,
- Understanding of shortfalls and risks,
- Review of Existing Plans analysing cost, performance, risk and features,
- One Page Summary of all finances.
Our Moderate service includes the reviewing of 2 existing polices, such as Investment ISAs or Pensions. The Extensive service includes the reviewing of 4 policies. Additional policy reviews can be accommodated at a cost of £200 per policy.
Our Simple Service is for clients who wish to start saving for the future e.g., for their first house, children or retirement.
This service includes the setting up of a new investment product such as an ISA, Junior ISA or Pension. You are likely to have no existing policies to review.
Our Moderate Service is designed for clients who have already begun saving into pensions and ISAs.
You are efficiently building funds to support retirement or looking at ways to help cover future school or university fees or might be looking at how you can drawdown funds from existing pots to support your retirement lifestyle. You are more likely to have existing policies that need to be reviewed. We will use cashflow models as part of this service to help show where you are now and illustrate the affect of decisions you can make.
Our Extensive Service covers all items listed within our Moderate Service plus some additional items.
You have more complicated tax situations that cover pension annual and lifetime allowances. We will potentially consider further tax efficient investments outside of ISAs and Pensions.
You might also be looking towards inheritance liabilities and considering options to preserve or transfer money to future generations to ensure their financial wellbeing.
Recommendation Meeting
Ongoing Financial Planning
Key to making sure you are on your path to Financial Wellbeing is a continued review of your Financial plan. Any products we have arranged for you will only be kept under review as part of an agreed ongoing service for which you agree to pay. The ongoing service for our Financial Planning clients is designed to provide periodic suitability reviews…
Throughout the year:
- Managed investments that are monitored and adjusted
- Annual whole of market review of investment providers, platforms and products
- Phone and email support from professionally qualified adviser and administration team
- Secure access to your investments
- Investment news and insights via monthly newsletters and regular blogs
- Day-to-day administration of accounts
- Regular compliance checks
- FSCS compensation scheme levies, indemnity insurance and regulatory fees
- Storage and maintenance of records for minimum statutory periods
At your annual periodic review and dependent on your circumstances:
- Review of original goals, risk and preferences
- One page summary of finances Analysis of existing plans to ensure continued suitability
- Rebalancing or switching of investments in line with risk and asset allocation models
- Personal Suitability Letter
- Utilisation of ISA and Pension allowances based on tax position
- Updated cashflow models
- Tax efficient income drawdown calculations
- Calculations on carry forward, annual or lifetime pension allowances
- Updated IHT positions
- Liaising with accountants / solicitors
The amount of our annual charges may increase as the size of your fund grows.
ONGOING COSTS
We operate a tiered charging structure so that we can provide fair value to our clients.
Invested Money | Cost PA |
|---|---|
£0.00 – £120,000.00 | 1.00% |
£120,000.00 – £500,000.00 | 0.75% |
£500,000.00 – £1,000,000.00 | 0.50% |
£1,000,000.00 plus | 0.25% |
As part of our ongoing service, we do not charge fees for future top ups of investments or pensions at your annual review.
ADHOC CHARGES
From time to time clients will request work that sits outside their annual periodic review. Below is a menu of charges for non-annual review related work:
Non-Annual Review Related Work | Cost |
|---|---|
Extra Annual Review | £1,200 |
Adhoc Pension Income Withdrawal | £500 |
Adhoc Contributions To Investments &/or Pensions | £500 |
VCT / EIS Investments | £500 |
For clients who wish to manage their own financial plans but want to retain the option of contacting an adviser at their own request we do offer a separate Transactional Service based on an hourly rate of £300.
To ensure total transparency we want you to understand what you are paying for our service.
Case Studies
We have provided advice and helped several clients achieve their ambitions, please see below some of our selected client case studies:
Financial Planning For Retirement
Our clients found themselves balancing mortgage and property wishes, with a desire to save as much money as possible...
Raising Capital In The Current Market
We were working with a client to potentially remortgage their property in order to consolidate some unsecured debts and raise capital...
Getting A Mortgage With A Default
Our clients were struggling to get a mortgage because of a default against their name for a very small amount...