The Essential Service.
This service is designed to improve access to regulated financial advice, particularly for those who may not be able to afford traditional advice routes, or who are likely to benefit from our Core Service in the future but are not quite at that stage yet. This often includes clients who are just starting out, or who have one or two products, such as pensions, that they would like reviewed.
Our Charges.
This service is subject to a tiered initial fee structure, as outlined below.
| Action | Fee | Investment Value £25,000 | Investment Value £50,000 | Investment Value £150,000 |
|---|---|---|---|---|
| First £25,000 | 4.0% | £1,000 | £1,000 | £1,000 |
| £25,001 to £50,000 | 3.0% | n/a | £750 | £750 |
| £50,001 to £75,000 | 2.0% | n/a | n/a | £500 |
| £75,001 to £150,000 | 1.0% | n/a | n/a | £750 |
| Total Fees Charged | £1,000 | £1,750 | £3,000 |
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An initial investment of £100,000 would incur the following advice fees:
First £25,000 at 4%: £1,000
Next £25,000 at 3%: £750
Next £25,000 at 2%: £500
Remaining £25,000 at 1%: £250
Total initial advice fee: £2,500
For investment amounts exceeding £150,000, our core service may represent a more appropriate option.
Ongoing advice is generally not necessary within this service category. Where this is the case, the 0.75% ongoing fee will not apply, and we will discuss suitable alternative arrangements with you. These decisions are made on a case-by-case basis.
Where there is no ongoing service arrangement in place, clients are responsible for notifying us of any changes to their circumstances that could affect the continued suitability of the original advice. Any future advice will be subject to clearly agreed fees, confirmed prior to any further recommendations being made.
Please note that our initial advice fee is subject to a minimum charge of £1,000.