Fees
How we charge
Instead of charging fees based on a percentage of your invested assets, we agree a fixed fee with you before we start. The fee reflects the work required and the complexity of your situation. We believe this is both transparent and fair and avoids any potential conflicts of interest.
Why we don’t charge percentage fees
A percentage-based fee structure can work out significantly more expensive than fixed fees. If the value of your investments rise – as you’ll hope they do – then you’ll be penalised by higher fees.
With a percentage-based system of fees, if you are client with a large portfolio, you will be subsidising someone with a smaller portfolio.
Percentage-based fees can give rise to conflicts of interests. Your adviser, for example, could be disincentivised from telling you to take capital out of your portfolio to spend on something you really want to do, even if it that’s the right thing for you.
Our fees
LifePath Design
This is where we help you work out exactly what a fulfilling life looks like. No matter where you are on your retirement planning journey, this is the essential first step towards living your best life. The fee for LifePath Design is £2,500. For a few people this is all they need as they are happy to align their finances themselves.
LifePath Design
|
Identify purpose, create goals and establish your current reality |
£2,500 |
LifePath Align
For most people LifePath Align is also essential. We will assess of all of your financial arrangements and provide regulated advice on their suitability. We’ll implement any changes for you. The fees here depend on the amount and complexity of regulated work required.
This stage is all about making sure your money is aligned to achieve your goals (identified in LifePath Design). The right money, at the right time, for everything that that you want to get done. This part of the service is regulated financial advice and can be highly technical.
The fee you pay for this will be capped at a maximum of £2,500.
LifePath ALIGN
|
Analysis of existing pension(s), regulated recommendations & implementation of new plan(s) and/or top up existing plan(s)* |
£375* |
|
Analysis of existing investment(s), regulated recommendations & implementation of new plan(s) and/or top up existing plan(s) |
£275 |
|
New pension from cash or top up existing pension from cash |
£275 |
|
New investment from cash or top up existing investment from cash |
£175 |
|
New protection policy (term, critical illness, whole of life etc) |
From £375 |
|
Retirement income strategy, sustainable withdrawal policy and implementation of pension withdrawal strategy** |
up to £2,500** |
|
For complex work, we will charge an extra fee for:
|
£500 |
*Not applicable for “at retirement” planning
**Only applicable for “at retirement” planning
LifePath Refine
The real value of financial planning comes from the incremental improvements to the original plan, compounded over time. Legislation around pensions and taxation can change quickly and often, and new opportunities arise. Your own circumstances and goals may also evolve over time. Our LifePath Refine service is designed to make sure you remain on track to prepare for and enjoy your best retirement.
Delivered during our forward planning meetings, our LifePath Refine service will update your financial plan, provide regulated advice on all of your plans and monitor your portfolio performance and investment returns.
We charge a fixed monthly fee that depends on the nature of the work needed to keep you on track. If you transition between retirement stages (from pre-retirement to at retirement or from at retirement to post retirement) your monthly LifePath Refine ongoing fee will change accordingly.
LifePath Refine
|
Retirement stage |
fee |
|---|---|
|
Preparing for retirement |
From £300pm |
|
Starting retirement |
From £400pm |
|
Enjoying retirement |
From £240pm |
Understanding our approach
Find out more about the services we offer and the stages of your financial planning journey.
