How we are paid
Scope of all our services
- Life Assurance
- Critical Illness
- Private Medical Insurance
- Permanent Health Insurance
- Corporate Issues
- Equity Release
- Retirement Planning
- Inheritance tax
- Offshore Investments
We supply 2 levels of service to retail clients; all services are available on a separate fee basis, adviser charge through a product basis or combination of these. All investment services are provided on an intermediation basis:
Clients requiring on-going services
Clients requiring a transactional service
There are four stages to the financial planning process; each can be costed separately:
- Initial consultation
- Financial review and recommendation
- Policy arrangement and implementation
- Review – on-going care and advice
Where our remuneration is chosen, fees are charged at typically an hourly rate of:
£100-£200 for a Consultant
£250 for a Chartered Financial Adviser.
Our transactional service is designed to meet the needs of clients who require the first three stages only. It can be holistic in its approach or simply focused on a limited advice basis. Typically, it would involve an initial meeting to ascertain your circumstances, risk profile and objectives. Thereafter, we would fully appraise all existing policies (including protection, investments and pensions) to evaluate whether you are receiving good value for money. We would then make specific recommendations, addressing strengths and weaknesses and formulating strategies to meet objectives.
Where limited advice is selected we are able to omit areas not directly associated with the matter at hand for example mortgage advice could be given without consideration of retirement planning.
Since the client has no on-going contractual relationship, all advice is given on the basis that it will not necessarily be reviewed during the life of the contract. Accordingly, investments are selected using long term asset allocation tools.
Whilst there is no contractual agreement for us to provide on-going services or reviews we recommend that clients have reviews and we can provide an on-going interface between the client and the financial institutions. All services supplied post the initial transaction would be paid for separately by the client. Therefore, once the initial advice and implementation has been completed per the Client Agreement document, no further services will be provided unless a client requests it.
For all services, once we are acting for a client, we retain records for a minimum of seven years and it is our intention that the relationship will be very long term.
Our separate Client Agreement document provides an overview of our services, rates and paying for our services. It supplies details of your rights and our regulatory obligations. This is supplied at our introductory meeting and records the method chosen for the remuneration of the company.