We will discuss with you when you have to pay our charges, both initial and ongoing. All charge amounts quoted below are exclusive of VAT.
For our advised services, you will pay us via an adviser charge.
Our initial advice will be appropriate for you, based on your requirements and circumstances at that time. We will not however review and consider whether our ‘initial’ advice remains suitable for you at a later date, unless you select to receive ongoing services from us.
In addition to our initial advice services, you could ask us to undertake further services on an ongoing basis.
You may at any time cancel an Ongoing Service by serving your notification of cancellation to us in writing. Upon receipt of your cancellation notice for an Ongoing Advice Service we will arrange for any future payment of any associated charges to cease.
Our typical adviser charges are noted below. The exact amount may be more or less than this; but will be specifically agreed with you based on the work you ask us to do for you.
Please note that as the investment amount increases, your ongoing charge may also increase. We will confirm the actual adviser charges in writing before providing our services to you.
If we do not agree a fixed adviser charge with you at outset, you may ask us for an estimate of how much in total we might charge for any service(s) provided. You may also ask us not to exceed a given amount without checking with you first.
Investment & Retirement planning Initial Adviser Charge of:
2% of investment for first £100,000
1.5% of investment on next £400,000 (up to £500,000)
1% of investment on next £500,000 (up to £1,000,000)
0.5% of investment above £1,000,001
For example, based on an investment of £100,000 a typical charge would equate to £2,000 (£100,000 x 2% =£2,000)
Protection Advice
Adviser charging from the provider and/or time costed.
For example, a £250,000 level Term Assurance plan with a monthly premium of £29, we would receive approximately £630 from the provider.
Ongoing advice charges:
1% per annum for the first £100,000 (minimum fee of £500 pa)
0.5% on the next £400,000 (up to £500,000)
0.35% on the next £1,000,000 (from £500,001 to £1,500,000)
0.25% per annum thereafter
For example a portfolio valued at £250,000, we would receive £1,750
(£100,000 x 1% = £1,000, plus £150,000 x 0.5% = £750, total £1,750)
and this would be paid monthly at an amount of £145.83.
Protection Advice – Ongoing Reviews
There will be an additional charge for any ongoing work, such as periodic or ongoing reviews we carry out on your behalf. We will confirm the rate, frequency and length of any ongoing service(s) before commencing that ongoing service.