Financial Planning Service

Our financial planning process – Step 1

Discovery Meeting – Getting to know you.

Our initial discovery meeting is complimentary, with no-obligation to engage with us. The purpose of this meeting is to get to know you and capture a deeper understanding of your:

Future aspirations and dreams;
Vision for retirement and timelines;
Current financial arrangements;
Risk tolerance.

As part of this meeting, we will discuss our approach to financial planning and answer your questions about the process. Following this meeting, we send you a proposal outlining the work we’ll undertake for you and our charge for building your financial plan. If you decide we’re not the right choice, you don’t pay a penny.

This meeting typically lasts for 60 minutes.
Cost: No charge

Book Discovery Meeting

Our financial planning process – Step 2

Build your customised financial plan.

If you decide to engage with us, we will begin to build your financial plan. This includes:

Setting your personal and financial objectives.
Conducting an analysis of your portfolio of assets, investments and pensions.
Conducting an analysis of your risk tolerance to guide future investment choices.
Crafting a detailed cash flow forecast for your lifetime.
Evaluating various scenarios and options for your financial future.
Identifying potential gaps in funding your long-term goals.
Developing strategies to enhance your financial prospects.
Revisions to your financial plan.
Presenting a comprehensive report that explains each aspect of our advice.

This process typically involves 10-25 hours of our time.
Cost: £3,500 to £10,000 including VAT*
(depending on the complexity of your personal situation)

*VAT may not apply where our advice leads to the implementation of a regulated financial product i.e. a pension plan.

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Our financial planning process – Step 3

Implementing, monitoring & reviewing your financial plan.

Once your tailored financial plan is in hand, how it comes to life is entirely up to you. You can embark on the journey to implement it on your own, or you can let us shoulder the burden.

To help your decision-making, we’ve compiled a comparison below. This contrasts the responsibilities and efforts required on your part with the peace of mind and support you would receive by allowing us to oversee the entire process:

Option 1

We build the plan, you implement everything:

Self-manage opening & managing recommended accounts (e.g. bank, ISA, Pension, Investments etc.);
On-going self-monitoring of changes to UK legislation, UK taxation, UK interest rates, Your investments;
Self-manage investment rebalancing;
Self-manage income drawdown;
Self-manage switching savings accounts;
Self-manage utilisation of annual allowances;
Self-manage pension consolidation;

Advice cost: No charge

Option 2

We build the plan and implement everything for you, plus you get:

Continuous access to a financial planner for queries;
Regular planning meetings as frequently as needed;
Continuous access to an investment platform for tracking your investments;
Updating your goals and any personal changes;
Keeping your financial plan and cash flow forecasts current;
Ensuring your investments are in tax-efficient structures;
Revising your risk profile as needed;
Applying regulated professional expertise and oversight to investment decisions;
Aligning your investment holdings and asset distribution with your financial goals;
Adjusting and rebalancing your portfolio to stay aligned with your plan;

Advice Cost: Fixed charge of 0.65% of your total assets invested, charged monthly in arrears from your portfolio (*this is capped – see illustrative examples below).

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 £13,000 (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.

How our pricing works.

At Yellowtail, transparency and value drive our pricing. However, the uniqueness of each financial situation, makes it challenging to provide a standard cost without knowing the specific circumstances. To address this, we have a pricing model which provides an estimate of our financial planning cost.

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Exeter (Head Office)

Financial Planning – What is our process?