How we are paid
We offer 4 levels of ongoing service
As and when
We will continue to hold your information so that whenever you have a particular need for our services, you are welcome to contact us, discuss your requirements and benefit from our advice. We do not charge an ongoing fee, we simply agree the level and method of our remuneration based upon the complexity and work involved in delivering our services each time. We will agree which of our payment options suits you best.
Retained
In addition to holding your information, we will also update and manage your records and provide access to our client care team for a speedy response to your day to day enquiries, thus assisting you to take control of your financial affairs. We will look to review your situation once a year. We charge a retainer fee for this service, payable monthly, quarterly or annually. Currently the monthly cost is £29.37pm (inclusive of VAT @ 17.5%) paid by standing order. When you require advice we will agree which of our payment options suits you best.
Executive retained
In addition to holding your information, we will also update and manage your records and provide access to our client care team for a speedy response to your day to day enquiries, thus assisting you to take control of your financial affairs. We will look to review your situation twice a year. We charge a retainer fee for this service, payable monthly, quarterly or annually. Currently the monthly cost is £58.75pm (inclusive of VAT @ 17.5%) paid by standing order. When you require advice we will agree which of our payment options suits you best.
Premier retained
As one of our Premier clients you will benefit from the services outlined above plus an active relationship with our team and in particular with myself. Our objective is to seek and identify opportunities for you to grow your wealth and mitigate taxation whilst setting and monitoring your financial goals, allowing you to maintain the busy lifestyle of freedom you currently enjoy.
The retainer fee for this service is currently £176.25pm (inclusive of VAT @ 17.5%) paid by standing order and again you can opt to pay monthly, quarterly or annually. When you require advice we will agree which of our payment options suits you best.
Our business activity is broken down into three basic areas:
•Investment
•Insurance
•Mortgages
After we have agreed a service level we will agree the remuneration that suits you best each time we provide advice.
Payment Options
Paying by fee
Whether you buy a product or not, you will pay us a fee for our advice and services. If we also receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee; or reduce your product charges; or increase your investment amount; or refund the commission to you. If you are paying any fees you will have signed a separate fee agreement.
Paying by commission (or product charges)
If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product providers own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier. When providing lump sum and regular investment advice our commission is usually a percentage of the initial amount invested plus an ongoing funds under management charge. The product providers illustration will make clear the amount of commission we are to receive.
Paying by a combination of commission and fees
In some circumstances, we also charge a fee on top of any commission we might receive. The amount of the fee will depend on the service provided to you. The fee is calculated so that in conjunction with the commission the amount of remuneration is appropriate. If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product providers own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier. If you are paying any fees you will have signed a separate fee agreement.