Our fees are set out in the Client Agreement which we agree with you before any work is undertaken. We offer an initial meeting, which is at our own expense, where we can discuss your situation and how we can work together. From there, we will offer our recommendations and allow you to decide whether you wish to proceed.
Initial Service
All of our initial consultations are free to you, done at our cost and you are under no obligation to have any further work carried out. Should you decide to proceed with our recommendations and financial arrangements are implemented, we will make an initial charge either based on a percentage of the amounts involved (typically 3% of the first £150,000 and 1% of anything above that) or, if you prefer, an hourly rate of £200 per hour . Any fee will be agreed before any work is carried out and confirmed in writing in your Financial Planning report or relevant product disclosure document, including any applicable VAT. For subsequent investments for existing clients, where the existing amount is more than £150K, the charge is 2% of the first £150K of that new investment and 1% thereafter.
Ongoing Service
We believe that regularly reviewing both your goals and your plans is the best way to ensure they continue to remain achievable and successful. In fact, we believe that regularly reviewing your portfolio is more important than the initial recommendation. Over time markets, tax treatment and the suitability of your investments and pensions may change. We insist on sitting down with our clients for reviews at least once per year. The ongoing service fee covers the cost of ongoing advice and investment management services, including annual, face to face review meetings, although Teams meetings are available. The charge is normally expressed as a percentage of the overall funds being managed and is usually deducted on a monthly basis directly from your portfolio. Currently our Ongoing Service fee is 0.5% per annum for yearly reviews for investments and pensions paid via a lump sum, whereas regular premium investments have no initial charge but a 1% ongoing fee.