Illustrative examples:
Example 1: An unmarried high earner with simple financial needs and £2 million in investable assets might only need to spend £3,500 (including VAT) for the financial plan, without any additional ongoing service fees.
Example 2: The same individual, but opting for ongoing financial advice, would spend the same £3,500 (including VAT) for the financial plan, with an additional £12,000 (including VAT) per year for continued advice.
Example 3: A married couple facing complex financial decisions with £5 million in investable assets, engaging in our ongoing service, could expect to pay £10,000 (including VAT) for the financial plan, with a capped annual advisory fee of £18,000 (including VAT).
*Our capped fees and what they mean for your annual financial advice
We cap our annual fees at £18,000 (including VAT) for financial advice to give you certainty. This cap is reassessed every three years with the UK Retail Price Index to ensure our pricing keeps pace with the economy.
Breakdown of additional fixed charges.
Additional expenses include the fund administration platform which carries a typical charge of 0.15% of the assets held on the platform. For those choosing our index-tracking discretionary portfolios, the fund cost is around 0.25%, depending on the mix of funds.
Defined benefits pension transfers.
For clients with a defined benefit pension transfer, separate fees will apply.