SCALE OF FEES
(If VAT is applicable, you will be advised but most of our work is exempt)
NOTE THAT THIS DOCUMENT IS DIVIDED INTO 2 PARTS – THE FIRST COVERS “AD HOC” WORK AND THE SECOND GIVES PRICES FOR ONGOING REVIEW SERVICES
PART ONE – SPECIFICALLY AGREED WORK
Hourly Rates
(minimum charge unit 15 minutes)
Charged for research, regulatory compliance work, ad hoc reports and work resulting in transactions following reviews – all “initial” commissions will be refunded to the investment or set off against our fees.
FINANCIAL PLANNING £120/£150 per hour
For time spent exclusively on your behalf by a qualified and authorised Adviser/Chartered Financial Planner, (eg client meetings and calls, research and analysis, report writing) including all support staff work, which will not be charged in addition.
ADMINISTRATION ONLY £50 per hour
For administration only work, not requiring a qualified adviser, which is not integral to work being done by a qualified adviser (eg supplying information, valuations, copying documents).
Project/Fixed Fee Work
FULL COMPLETE FINANCIAL REVIEW/HEALTHCHECK
A time based fee will be charged, with an estimate (which will not be exceeded without client permission) provided in advance. An average review will cost about £450 plus VAT.
PENSION REVIEWS
One plan £375
Each additional plan £225
Includes consolidated retirement projection with State Benefits estimate, technical assessment of charging structure of personal and executive pension plans and commentary on investment fund selection.
PART TWO – PRO-ACTIVE REVIEW AND RECOMMENDATION SERVICE
The first rate shown is where no trail commissions are to be taken (in which case collective investments (ISAs, unit trusts etc) must be held on the Transact or similar commission free dealing platform, so that we can secure the necessary discounts for clients).
The second rate is a discounted price where trail commission is paid on investment balances exceeding £100,000 by agreement with the client.
The third rate applies if trail commission is paid on balances exceeding £200,000.
A COMPREHENSIVE £100/£75/£50 per month
Service limited to 25 clients per advisor
Includes:
• Comprehensive in depth portfolio report twice a year
• Half yearly review meeting
• Option for quarterly meetings if requested at no extra charge
• Informative Newsletter twice a Year
• Advisers personal email and mobile phone contact points with out of hours assistance available
• Telephone advice free of further charge without limit
• Named deputy adviser
• Any project/transactional work charged at 50% of hourly rate only. New ISA/Pension contributions processed free of charge.
B HALF YEARLY REVIEW £60/£35/£10
Service Limited to 50 clients per advisor and may be subject to a waiting list from 2008
Includes:
• Simple portfolio report with commentary and recommendations twice a year
• Automatic Annual review meeting
• Half yearly meeting pro-actively offered at no extra charge
• Reduced price Comprehensive portfolio report on request
• Informative Newsletter twice a year
• Telephone advice free of further charge without limit
• New ISA/Pension contributions processed at administration rate only
C ANNUAL REVIEW £30/£5/Free per month
Includes:
• Annual Simple portfolio report
• Free half yearly valuation on request
• 2 hours of telephone advice included
Notes
1. Payable by standing order only, in arrears starting after 3 months - no minimum period.
2. The fees shown cover the review reporting required in respect of investments already in place and the selection of new investments on a regular basis but do NOT include processing and documentation to meet the requirements of the FSA associated with transactions resulting from review advice and/or proposals to buy new investments from clients.
However, at service levels A and B, the cost of handling new investments is discounted or waived as stated.
The price for the resulting post recommendation compliance work will be quoted on each occasion because the work required is quite variable in content. The documentation will be kept to the minimum required by the regulator or best practice, but such record keeping and the formal provision of written explanations and risk warnings are both sensible and unavoidable. It is also necessary to obtain, check and record contract notes and policies, even when using electronic dealing platforms.
3. No extra charge is made for travelling time or expenses where a home visit is required within the counties of Hampshire, Dorset, Wiltshire, Somerset and Surrey. For other journeys an extra charge will be quoted with the fee estimate. Public transport charges (eg to London or Isle of Wight) will be charged at cost.
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