There are 4 stages to our financial advice process. This is how it works:
Stage 1: Assessing your needs
We start by finding out about you and your dreams for the future. No goal is too small – whether it’s to travel the world, to write that novel, or spend more time with your grandchildren – we told you it would be fun!
We’ll also ask you about the policies and plans you already have in place and help you to identify any gaps. Then we’ll assess your attitude to risk and capacity for loss.
There’s no obligation to work with us after this stage, and in many ways, we also use this meeting to assess whether we can help you or not.
Stage 2 – Research and recommendations
The next stage is where we create your Personal Financial Plan.
We carry out detailed research to decide the way forward and use a piece of financial planning software called ‘cashflow modelling’, which helps us to ‘model’ your financial future visually.
Cashflow modelling also shows how your plan can be adjusted as your circumstances change, enabling you to make more informed decisions about your money.
We’ll present this to you and explain each recommendation to you so you’re clear about everything before we put any of it in place.
Stage 3 - implementation
This is where we organised the documentation needed to put your financial plan into action. We’ll liaise with the product providers to make sure your plan is structured I exactly the way we have agreed.
Stage 4 - review and administration
Nothing stays the same for long – even the best laid plans can hit a curve ball now and again. That’s why it’s important to review your financial plan regularly. We want to deliver advice solutions that benefit you now and in the future and regular check-ins help us to do that.
Ongoing services
Once the initial work is done, we provide an ongoing service called Precision – this includes:
Our Annual review – we’ll provide you with a personalised report giving you a detailed update on the risk, performance and valuation of your investments.
Access to our online Wealth Platform – this allows you to view your policies and products securely online, 24/7
Subscription to our regular newsletters and budget updates – we do all the reading so you don’t have to, and update you with everything you need to know.
Take a look at how we use technology to make things easier for you in this blog post.
Our fees
Charging can be complex, so we’ve tried to make it as straightforward as possible. We want you to feel clear about how much our advice will cost before we start working with you.
There are separate charges for the initial work and the ongoing Precision Service.
The initial fee will typically be charged as a percentage of the amount you’re investing. This ranges from 3.5% for investments up to £49,999 to 1% for investments of £1m or over. (All initial fees are subject to a minimum fee of £1,500).
The Precision Service is 1% of the value of your investment per annum. (All ongoing fees are subject to a minimum fee of £750 per annum)
Other fees
We also offer fixed and hourly rate fees.
Full financial report and recommendation only
A minimum of £1,500 (plus VAT) up to a maximum of £3,000 (plus VAT) for more complex cases, such as multiple pension plans or complicated investments.
Hourly rate
We can provide financial advice and administration at an hourly rate of £300 (plus VAT) per hour.
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