Pure Percentage / Ad Valorem Charging
You will find that most independent financial advisers or wealth managers charge a fee solely based on a percentage of your investable assets.
Research from the Financial Conduct Authority* shows that traditional financial advisers charge an initial fee of between 1.0-3.0% of the amount invested and between 0.5-1.0% of the assets they manage. We also know of wealth managers who charge a great deal more.
Just do the maths and then compare the level of trust you feel for the planner/adviser, and what they’re going to deliver in return for their fee.
(*FCA Data Bulletin Issue 7 (October 2017). Click here to read the full document)
Free Advice Is Often The Most Expensive
If an adviser/wealth manager states they do not charge initial fees, always double check the initial and on-going fund charges you’ll incur by investing into their recommended portfolio.
Especially so if they’re recommending you invest into their own in-house funds.
If you don’t, you could end up with a very large and surprising initial and life-long cost.
We do not compete on fees, or on ‘track record’, or any other variable. We encourage all prospective clients to choose a financial planner in whom they feel the most implicit trust. It’s a personal decision, and one only you can make yourself.
Whilst we are certainly not the cheapest adviser on the market, we are definitely not the most expensive. Our fee model is fair and reflects a mutual respect where no conflict of interest will exist between you and us.
We know that our full suite of services encompasses every element of your financial journey. Are you receiving this level of support from your current adviser.