Fee structure

We are a wholly fee-based organisation and none of our remuneration comes from the broking of financial products. This guarantees that our advice is completely impartial.

The fees are charged as a percentage of ‘investable assets’ which would not include property and other assets over which we have no influence or control, such as shares in a private limited company, but does include cash deposits, existing investment portfolios and pension funds.

Crucially, although we do not charge fees on some elements of the clients overall portfolio, our advice embraces all aspects of their wealth.

There are three elements to our fee structure:

1. The Initial Wealth Management Report

This is a ‘one-off’ fee and covers the cost and research involved in producing the report and the advice that results from it.

It is important to understand that from this point on, any initial charges on investments will be reduced to NIL in most cases, or if there is an initial charge, it will be greatly discounted. Annual charges on funds for example are also greatly discounted, often by as much as 50%. This not only results in significant savings over time, but also ensures that investment are bought and sold for the client’s benefit, not to generate commissions for the adviser.

2. Wealth Management Fee

Covers the cost of the advice and service as described.

3. Investment Management Fee

We are discretionary fund managers and do not outsource this function to a third party, with consequent savings to the client.

The Wealth Management and Investment Management fees are expressed as an annual percentage of ‘investable assets’, but they are charged six-monthly in arrears. This is important for two reasons:

- In the case of the Investment Management fee it averages the fluctuating portfolio value over time, avoiding unintended valuation bias in favour of either the client or the adviser.

- Concerning the Wealth Management fee, it means that as the adviser, we must provide the advice and service we have promised first, before we get paid.