How we are paid
Costs:
We have introduces a tiered charging structure which ranges between 3 and 0.5% depending on the size of the fund we are working with. This is suitable for those clients with a portfolio in excess of £15,000.00 to invest. Our minimum initial fee is £1000.00.
You will have the option of paying for our costs by cheque or having them deducted from your portfolio or wrap account.
|
Range |
% |
£ |
|
Adviser charge on investments up to £100,000 |
3% of the funds invested |
For an investment of £100,000 you will be charged a fee of £3,000 |
|
Adviser charge on investments tranches of £100,000 - £250,000 |
2% of the funds invested |
For an investment of £250,000 you will be charged a fee of £6,000 |
|
Adviser charge on investments tranches of £251,000 - £500,000 |
1% of the funds invested |
For an investment of £500,000 you will be charged a fee of £8,500 |
|
Adviser charge on investments tranches above £501,000 |
0.5% of the funds invested |
For an investment of £600,000 you will be charged a fee of £9,000 |
|
Adviser charge for regular contributions |
20% of the first year’s premiums |
For a monthly premium of £500 you would be charged a fee of £1,200 (minimum fee £500) |
|
On-going charge (centralised investment process) |
0.5% of the funds under management |
For a fund £100,000 you will be charged a fee of £500 |
|
Annual Charge (bespoke investment process) |
1% of the funds under management |
For a fund £100,000 you will be charged a fee of £1,000 |
|
Introduction to Discretionary Fund Management |
1% |
For an investment of £250,000 you will be charged a fee of £2,500 |
In additional to our advice costs there will be annual charges on the underlying funds within your portfolio and there may also be charges imposed by the selected wrap platform.
Typically the underlying funds within your portfolio will have an annual management charge in the region of 1%.
The Standard Life Wrap Platform typically has an annual administration charge of 0.4%. The Funds Network Platform has an annual administration charge of 0.25% plus a switching fee of 0.25%.
You will be provided with a personalised illustration which will detail all of the applicable charges including our advice charge, the fund charges and any applicable wrap charges.
On-going Service Options:
| Servicing categories: | Premier | Comprehensive | Standard |
| Assessment of Attitude to Investment Risk | • | • | • |
| Annual Statements | • | • | |
| On-going Portfolio Communication | • | • | |
| On-going Phone and Email Support | • | • | |
| Option of Two Face to Face Review Meetings | • | ||
| Option of One Face to Face Review Meeting | • | ||
| Option of One Telephone Review Meeting | • | ||
| Quarterly Portfolio Rebalancing | • | ||
| Six Monthly Portfolio Rebalancing | • | ||
| Automatic Portfolio Rebalancing | • | ||
| Further Advice and Recommendations at your request (Hourly charges apply) | • | ||
| Phone and E mail support at your request (Hourly charges apply) | • | ||
| Quarterly News Letter | • | • | • |
| Cost on a fund of £100,000 | 0.7% £700.00 | 0.5% £500.00 | 0.3% £300.00 |
If an hourly charge option is selected. The following rates will be charged for our services and invoices will be submitted, for settlement within 30 days. Our current scales of charges are:
| Principal | £150.00 per hour |
| Para planner | £100.00 per hour |
| Travel time | £50.00 per hour |
| Administrator | £50.00 per hour |