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How we charge

We are committed to transparency. That way, you can always be safe in the knowledge of how much you are paying, and what exactly you are paying for.

From the start, we clearly explain how we charge for services, and will always agree the scope and cost of our services with you in writing.

The information set out below is intended as a guide to our charges.

Investments, pensions and annuities

Stage 1 – Initial consultation

We do not charge for our initial consultation. This meeting can take place at your home, at our office, or another location that is convenient to you, by phone or by Skype. We aim get to know you, your goals and your objectives, and to discuss how we may be able to help you achieve these. We will agree the services you require and the associated charges, including the payment options available to you.

Stage 2 – Research, analysis and personal recommendation

We offer a range of advice services at fixed rates, set after an initial consultation, and depending upon your needs. Our charges for this Stage are for the research, analysis, and personal recommendations, and are separate from implementation charges. This means you can be assured that our advice is always objective and will include the relative merits of any existing plan you may already have, when compared to replacement plans available.

The level of this fee depends on the type of product required or the area of financial advice you need us to research, and its associated complexity. Typical fees for this Stage are:

  • Basic financial recommendation (no review of existing plan): £550
  • Basic financial recommendation (including review of one existing plan): £800
  • Full financial review: £1,250 – £2,500

For some of the more complex work we undertake, such as a review of a Defined Benefit (or ‘Final Salary’) pension arrangement, our fees will be based on the amount of time involved to undertake the work and based on current hourly rates.

Examples

  • Lump sum ISA or pension investment – £550 
  • Review of existing pension arrangement and setting strategy for future savings – £800
  • Detailed review of range of existing personal pension and investment arrangements, recommend strategy for retirement planning and adequacy of current arrangements to meet goals – £1,250 – £2,500 depending on complexity 
  • Review of existing Defined Benefit pension arrangement, recommendation to retain or transfer, recommend strategy for retirement planning or income in retirement – £2,000 – £4,000 depending on complexity

We will always provide you with written confirmation of our fee for your approval, before we begin any work for you.

Stage 3 – Implementation

Our implementation fees are designed to cover the administrative cost of implementing a new arrangement, where required, and arranging transfers of existing arrangements, if recommended.

Our fees for implementing a new arrangement range from £150 to £250, plus £75 for arranging transfers from each existing policy, where required.

Stage 4 – Ongoing advice

Investment / pension fund ongoing advice

  • Standard: 0.60% each year of the amount you have invested
  • Enhanced: 0.80% each year of the amount you have invested

Payment options

Where a fee is payable by you for our services, you can usually decide whether you wish to pay this separately from your investment, or as a deduction from the amount invested. We will discuss and agree the options you have for paying our fees to make sure that the chosen method of payment is the most suitable, taking into account your own circumstances.

The information provided above is intended as a guide. We would be happy to discuss alternative charging arrangements with you, for example charging our fees on an hourly rate basis.

Protection

Our initial consultation is free of charge.

For protection products that are not investment-based, such as life insurance, critical illness cover, income protection insurance, private medical insurance and home insurance, we are usually paid commission from the product provider. Where this is the case, a separate fee will not usually be payable by you unless specifically agreed for any additional work that may be required.

Where we receive commission from a product provider we will disclose this to you so that you know how much we have received for setting up your arrangements.

Mortgages

Our initial consultation is free of charge.

If you wish to work with us then we will charge a broking fee of £295 which is payable on application for a mortgage after we have researched and recommended the most suitable mortgage for you.

We will also be paid commission from the lender that we recommend.

You will receive an illustration when considering a particular mortgage, which will tell you about any fees and commission relating to it.