Initial Meeting

We offer all new clients an initial meeting which is at our expense. This meeting is without obligation and will normally be held at our offices in Newport. During this first meeting, we will confirm the services we can provide and the costs of these services. All fees will be clearly explained and agreed with you up front – there will be no hidden charges.

 

For investment and pension advice, the amount of the fee will contain an element based on the value of the investment/pension. This is to reflect the importance of the matter, the consequent liability and responsibility to this firm.

 

Investments & Defined Contribution Pensions  

Initial Advice Fee

We charge our Initial Advice Fees via an agreed fixed fee, which we will provide at the outset. Our typical fixed fees will range from £250 up to £750 – depending on the level of work required.

 

This advice fee covers initial research and analysis, plan presentation and recommendation of a product.

 

Implementation Fee – Single Contributions and Transfers

In addition to any advice fees, to set up a financial product following our recommendations, we will charge an implementation fee, as detailed below:

2% fee on the first £100,000

1% fee on funds over £100,000

Our minimum implementation fee is £500; maximum implementation fee £10,000.

 

Implementation Fee – Regular Contributions

The charge for setting up a regular premium investment plan is up to three times the regular premium, subject to a minimum of £500.

You can either pay this directly on commencement of the plan or you can pay the fee through the first three months’ premiums.

 

Mortgages & Equity Release

Mortgages

We offer an initial meeting at our expense to discuss your mortgage needs.

Application Fee: £100.00 upon each application

Completion Fee: £250.00 upon completion

We will also receive a procuration fee from the provider in addition to the above fees.

 

Equity Release

We offer an initial meeting at our expense to discuss your equity release needs.

Initial Advice Fee: £250.00

Completion Fee: £350.00 upon completion

We will also receive a procuration fee from the provider in addition to the above fees.

 

General Insurance and Protection

Similar to our investment services above, we will provide you with a personal and financial review prior to making our recommendations to you. Should you accept our recommendations we will arrange the implementation of these for you. The reasons for our recommendations will also be provided to you in a written report.

We do not charge a fee for our General Insurance and Protection services as we will normally receive commission from the product provider. You will not be subject to VAT for this service.

You will receive a quotation which will tell you about any other fees relating to any particular insurance policy.

Payment via commission does not mean the advice and services were provided free of charge. We reserve the right to reclaim any reasonable costs should the policy be cancelled or payment not be made, and the commission clawed back.

 

Fees for ongoing service

We typically charge ongoing advice fees of 0.5% per annum of funds under management.

Ongoing fees are usually paid from your investment or pension arrangements. However, they can be paid in advance via annual invoice or via an annual or monthly standing order arrangement.

The purpose of ongoing fees is to pay for regular reviews and ongoing management of your portfolio.

 

NOTE: We do not currently charge VAT on fees.