Investment Services and Costs

We provide an initial consultation free of charge. This helps us to understand your financial objectives and we will confirm how we can support you in working towards these goals. We will also discuss the cost of our services at this meeting. We charge for our services by way of a fee. These fees are based on a percentage of the amount you invest, subject to a minimum fee. The 2 stages of this process are explained below.

Stage 1 – Financial Review and Recommendation

This can be a continuation of the initial discussion or, where agreed, a further appointment. This process covers the:

gathering of information about your existing financial arrangements and full personal circumstances;
understanding of your investment knowledge and attitude and tolerance towards investment risk;
recommendation of an asset allocation model that matches your risk profile and the subsequent assessment and suitability of any existing holdings;
preparation of our recommendations to you; arranging a second appointment to explain and discuss our recommendations in detail

Our charge for this service is a fixed fee of £1,500 payable on provision of the report containing our recommendation(s) to you. This fee will be waived wholly or in part should you decide to implement any of our recommendations.

Stage 2 - Policy Arrangement & Implementation – Lump Sum Investments or Transfers

Should you instruct us to proceed with (any of) our recommendation(s) we will act for you in the following ways:

Handle all fund and policy administration on your behalf;
Provide regular updates to keep you informed of progress;
Ensure all your documents are issued in line with your expectations;
Provide confirmation of all actions taken on your behalf in writing

Our charge for this service is based on a percentage of the amount you invest and/or transfer. These charges are applied as follows:

1% on the value of your funds that are invested by us*

*Our maximum fee for ‘Policy Arrangement and Implementation’ is capped at £10,000

Example 1; if we arrange an investment on your behalf for £50,000 our Policy Arrangement & Implementation fee would be £500. As this is less than the ‘Financial Review and Recommendation’ fee of £1,500 we would charge you an additional £1,000 as the balance. The total fee payable would be £1,500.

Example 2; if we arrange investments on your behalf totalling £250,000 our Policy Arrangement & Implementation fee would be £2,500 (i.e.1% of £250,000) As this exceeds the ‘Financial Review and Recommendation’ fee no other charges would be applied. The total fee payable would be £2,500.

Example 3; if we arrange investments on your behalf totalling £1,250,000 our Policy Arrangement & Implementation fee would be £12,500. As this exceeds our Policy Arrangement and Implementation fee cap we would reduce the fee in line with our maximum charge so the total payable would be £10,000.

How can you pay our fees?

Please note, our fees either be paid directly on commencement of a policy or you can facilitate the implementation fee through your policy.

VAT

Under current legislation our services are not subject to VAT but should this change in future and VAT becomes payable, we will notify you before conducting any further work.

Ongoing Services

It is important to review every investment you hold and at regular intervals.

At the time of, or prior to, our recommendation to you we will discuss our ongoing service proposition.

Our costs and services for this proposition are confirmed in our ‘Service Proposition and Engagement Agreement’, available on request.

Why choose us?

At Sweeny Wealth Management, we pride ourselves on offering personalised, advice tailored to your unique needs and circumstances. Our Suffolk-based team has an in-depth, up to date understanding of the financial landscape and regulatory environment, meaning we can provide relevant and practical solutions to maximise your legacy. We are committed to helping you achieve your financial goals and ensuring your legacy is preserved.

Get in touch

We specialise in providing unbiased, independent financial advice to high net worth clients with over £250,000 in investible assets and/or annual earnings in excess of £100,000 per annum on their pensions, investments, protection, inheritance tax planning and equity release and long term care planning.