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 £250; 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 £250.

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

 

Implementation Fee – Specialist Investments

The charge for setting up specialist investments (including but not limited to: EISs, VCTs, Inheritance Tax planning products, tax planning products) is bespoke per case and will be agreed before any work is undertaken. There is no maximum fee for such work to be completed.

 

Defined Benefit Pension Transfers  

Defined Benefit Pension Review Fee

We charge an initial fixed fee of £500 to review a Defined Benefit (final salary) pension. This review is required before a recommendation can be given to transfer a Defined Benefit pension. This fee is payable before any work is started.

 

For this fee, we will obtain all information required from the scheme to analyse your benefits and provide you with a Defined Benefit Pension Options Report, which details your current circumstances, your current scheme benefits and all of your options regarding the pension scheme. This document will not contain advice whether or not you should transfer your pension.

 

Recommendation Fee

If, after receiving the Pension Options Report, you wish to receive a recommendation on which option we believe to be best for you, we charge a fixed fee of £500 to receive a Recommendation Report. This fee is payable whether we recommend to transfer or to remain in the scheme. This fee may be offset against any subsequent Implementation Fee, if a transfer is recommended.

 

Implementation Fee

If you wish to proceed with transferring your pension after receiving a positive recommendation, we will charge an implementation fee as detailed below:

2% fee on the first £500,000

1% fee on funds over £500,000

Our minimum implementation fee is £1000; maximum implementation fee £15,000.

 

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.

 

Other Fee Options

A fixed fee or hourly rate can be requested and will be calculated per case.

 

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. Full details of services available to ongoing clients can be found in our Disclosure Document.

 

NOTE: We do not currently charge VAT on fees.