Investment Services & Costs
We provide you with 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, and levels, of our services both initially and throughout our relationship with you. We charge 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 steps of this process are explained here;
Step 1: Financial Review & Recommendation
This can be a continuation from the initial discussion, where agreed, or 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 £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.
Step 2: Policy Arrangement & Implementation
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:
- 3% on the first £50,000, followed by;
- 2% between £50,001 to £100,000, followed by;
- 1% on £100,001 and above.
This payment can either be facilitated by the product provider when they receive your funds or paid directly by you. Where we receive such a payment, we will waive our ‘financial review and recommendation’ fee by the same amount.
Example 1; if we arrange an investment on your behalf for £10,000 our Policy Arrangement & Implementation fee would be £300. As this is less than the ‘financial review and recommendation’ fee of £500 we would charge you an additional £200 as the balance. The total fee payable would be £500.
Example 2; if we arrange investments on your behalf totalling £100,000 our Policy Arrangement & Implementation fee would be £2,500 (3% of the first £50,000 (£1,500) plus 2% of the next £50,000 (£1,000)). 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 £300,000 our Policy Arrangement & Implementation fee would be £4,500 (3% of the first £50,000 (£1,500) plus 2% of the next £50,000 (£1,000) plus 1% of the next £200,000 (£2,000) = £4,500)). As this exceeds the ‘financial review and recommendation’ fee no other charges would be applied. The total fee payable would be £4,500.
Policy Arrangement & Implementation – Regular Savings & Investments
Our charge for implementing a regular contribution savings or investment plan is a fixed fee of £500. Again, we will waive our ‘financial review and recommendation’ fee by the same amount, if applicable. You can either pay this directly on commencement of the policy or you can facilitate the implementation fee through your policy. If you would like to pay the implementation fee through your policy this will be charged at £41.66 per month over the first 12 months.
Should you decide to pay this charge through your policy and payments to the policy subsequently cease, we will calculate the total payments received to date and charge you the balance against the implementation fee.
For example, if you invest £200 per month our total policy arrangement and implementation charge will be £500. We will deduct £41.66 from each monthly contribution until paid in full. Should payments cease after month 6 (and £250 has been collected) the difference will be charged to you i.e. £250.
Non-Investment Protection Insurance and General Insurance Contracts
When we arrange the sale of a protection or insurance contract, we will not charge you a fee, as we will receive a commission from the provider/insurer. The amount of this will be disclosed to you in the product literature.