Helping you navigate the road ahead
OUR FEES
We believe that the advantages of working with a financial adviser significantly outweigh the associated costs. A study* that professional financial advice over a five year period led to an increase in wealth ( pensions and financial assets) of £47,706.
However, transparency regarding the cost of financial is crucial. We will clearly outline our fees at every stage of the process, providing you with an estimate after our initial meeting and ensuring we have your consent before moving forward with any paid services.
*Between 2001 and 2006
1 ILC, The Value of Financial Advice, 2017
INITIAL MEETING
Our initial discovery meeting is always complimentary. At this point, there’s no obligation on your part, allowing us both to assess if we can collaborate and determine what services may be needed.
RESEARCH & IMPLEMENTATION
Here, we will learn about your current financial situation and your goals. After conducting the necessary research, we will present our recommendations. You will receive a personalized financial planning document detailing all areas for consideration. We can then implement suggested changes to put your plan into action.
COST
We can agree fees as follows:
A PERCENTAGE OF THE AMOUNT INVESTED
We may agree to charge you based on a percentage of the amount you decide to invest:
• For stages 1,2 & 3 we typically charge an initial advice fee of 2% of the amount you decide to invest.
• For our ongoing service, we typically charge 0.50% of the value of your investments per annum. Our typical minimum for the Precision Service is £500 per year.
A FIXED FEE
This is the simplest method of agreeing a fee. We agree a fixed monetary amount for the work that we carry out. Once agreed the fee is payable only when we have completed the work. We will always describe the fee in £GBP and this is the only currency in which we can accept payment. The exact amount of the fee will depend on your circumstances and the work to be completed.
AN HOURLY RATE
We can agree to work on an hourly rate. Our typical hourly rates are around £150 per hour depending on the work involved, the experience and qualifications of the Adviser, and your needs. We will provide an indication of the likely time involved in any work we do for you, or you can ask us not to exceed a fixed amount without contacting you first.