Our Costs
Expertise. Fairly priced.
Costs are a core part of deciding to engage in financial advice. Your Adviser will explain the charging structure and answer any questions you have. On this page you can read about our general prices to get an idea of the cost.
Clear Simple Fees
Informed Action
Our costs are clearly laid out before any action is taken or any fees become payable.
You will be given a fee and service agreement to discuss with your Adviser which will explain exactly which costs are for which services and, depending on your requests, where any additional costs or discounts will be applied.
Flexible Payment Terms
Our terms and methods of fee structuring are completely flexible in order to best meet the varied needs of clients. A Client Disclosure Document will be sent to you, giving a full breakdown of our costs and services.
Most commonly clients elect to pay a traditional fee structure of a pre-planning fee which covers your integration, fact finding sessions and an assessment with an experienced Account Manager or Independent Financial Adviser.
A planning fee covers the research and presentation of your current standing with an assessment of the steps needed to reach your financial goals given your circumstances.
The investment advice implementation fee is charged at a variable rate between 0.50% and 1.5% based on the amount you are investing. This is on a tiered basis and is a transactional fee, covering your advice on the capital allocation, custodian or platform selections, optimal tax wrappers and the appropriate underlying investments.
However, some clients elect to pay for work on an hourly rate basis which is a variable amount depending on your Adviser, their level of qualification and the complexity of the work being undertaken. This is usually between £150 - £500 per hour.
There is also an option to pay a fixed per project amount which can be discussed with your Adviser. This will be a single fixed payment amount to cover all work undertaken for that project, set between you and your Adviser.
Bespoke Solutions
Bespoke solutions are available for all business areas and if you have a specific solution in mind please speak to your Adviser to discuss your aims.
Other Business Areas
For work that is additional to general financial planning, such as Mortgages and Lending or Corporate Services and Employee Benefits we have a standard charge model.
Mortgages and Lending services are charged at a fixed fee of £495 for complex cases and £395 for simple cases. Please be aware that our Independent Mortgage Advisers may also receive commission from Providers. You may also be charged more than £495 for a Mortgage if there are special factors.
Mortgage Fees
Simple: £395 Complex: £495
To review your full circumstances and potential mortgage needs, as well as maintaining our file to make any remortgage as easy as possible we charge a single fee. This also covers the implementation and brokerage and is only payable should any mortgage lending offer be accepted.
Corporate Services and Employee Benefits
Corporate Services and Employee Benefits, for example, are often charged on a fixed fee amount for implementation and an ongoing fee will be received from the provider for as long as the policy stands.
Protection Advice
Although Protection Advice is considered part of our Financial Planning service, please be aware that Advisers may also receive commission from Protection Providers. The costs for Protection Advice depends upon your current circumstance and the level of service required.
Breakdown of Our Costs
Pre-planning
Engagement & Discovery
£850
Client integration or re-integration. Getting to know you and your circumstances and objectives in an hour meeting with an experienced account manager or Independent Financial Adviser.
Planning
Understand & Agree Direction of Travel
Simple: £750 / Complex: £1,500
Presentation of where you stand in relation to your goals and objectives. For some clients a quantifying and prioritisation of shortfalls may be sufficient, for others it is necessary to research complex existing products or create a detailed financial model.
Investment Advice & Implementation
Analysis, Presentation of Advice & Implementation
Charged as a percentage of funds invested on a tiered basis
First £250,000: 1.50%
Next £750,000: 1.00%
Over £1,000,000: 0.75%
Over £5,000,000: 0.50%
Connecting your present situation and goals by providing advice on the capital allocation required, custodian or platform recommended, optimal tax wrappers, and the appropriate underlying investments. Supporting the implementation through to successful conclusion.
Ongoing Costs
Continuing Oversight & Maintenance
Charged as a percentage of funds invested on a tiered basis
Ongoing: 0.75%
Over £1,000,000: 0.60%
Over £5,000,000: 0.50%
Your IFA may also adjust the ongoing fee based on the complexity of work necessary as well as the amount invested.
In simple advice circumstances your IFA may offer a 0.25% discount. In complex advice circumstances your IFA may add a 0.25% surcharge.
Bespoke Hourly Rates
Hourly Fees
By arrangement, hourly rates are available and are agreed by the client and the Adviser on a per-project basis*. And indication of fees are below:
Chartered Adviser: £500
Adviser: £350
Chartered Paraplanner: £300
Paraplanner: £200
Financial Adminstrator: £150
A total project fee is available by agreement with your Adviser, to be arranged between the client and the Adviser before any work begins.
Simple Case Example Average Charges**
Adviser
4 hours at £350 per hour
total of £1,400
Adminstrator
3 hours at £150 per hour
total of £450
Total cost: £1,850
Complex work will take longer and the total cost will therefore be greater.
*Minimum fees may apply to some types of work.
**Estimations of hourly work can be provided by your Adviser before any commitment is made.