Engage - Educate - Empower
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Engage - Educate - Empower
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Welcome
Our financial advice fees take account of the degree of skill and responsibility involved and the time necessary to complete the work, as well as the value of the work itself.
In consideration of the advice and services provided by us, you agree to pay us a fee as outlined in our Adviser Charging Agreement which will be provided to you following our initial meeting.
All fees and any amendments will be agreed with you before proceeding.
We aim to keep our fees low by making use of the technology available to us so that we can provide you with value for money.
OUR FINANCIAL PLANNING FEES
Initial Fees Overview
Our Ongoing fees overview
OUR FEES EXPLAINED
Initial Advice Services
Introductory meeting
Free
Introduction meeting to get to know each other discuss your requirements and explain how we work.
Hourly rate
£120
Where a financial plan or advice is not needed/wanted, or where assistance is needed with a specific area.
Start up Plan
£360
Suitable for individuals who are basic rate taxpayers, have 1-2 products that need reviewing, have simple financial needs, and need a simple plan to ensure that they start out on the right foot.
Family Plan
£540
Suitable for basic rate taxpayers who are married or cohabiting and have 2-3 products that need reviewing, have simple financial needs, and need a simple plan to ensure that they start out on the right foot.
Pre-Retirement Plan
£750
Suitable for individuals who may be basic or higher rate taxpayers who want to plan for retirement and want to understand their current financial position, what kind of income they may expect in retirement and when they may be able to retire.
Retirement Plan
£900
Suitable for individuals who may be basic or higher rate taxpayers who are retiring and want to understand their current financial position and put a plan in place to ensure they have sufficient income throughout their lives.
Full Financial Plan
£1,500
Suitable for individuals who may be higher or additional rate taxpayers who have more complex needs and multiple areas that need addressing such as retirement planning, inheritance tax planning, and investment planning.
Implementation services
Implementation services may be required in addition to the advice fee where a new product is recommended, and you would like us to set this up. (this is to cover the administration and other costs and does not apply to simple fund switches or changes that we need to make to your existing products).
Percentage based fee
0.50%
Based on the value of the investment. Our charge is 0.50% of any funds invested/transferred, subject to a minimum fee of £300 and a maximum fee of £2,500.
Examples of how our implementation charges could apply:
If you invested £25,000, our fee would be our minimum fee = £300 If you invested £100,000, our fee would be 0.50% of £100,000 = £500 If you invested £600,000, our fee would be our maximum fee = £2,500
Commission - Non-Investment Insurance product implementation
We may receive Commission (where this is available) payable by the product provider, which is a percentage of the annual premium. We will let you know when this is the case and how this impacts the fees that you need to pay.
Ongoing services
Where you would like to have access to advice on an ongoing basis and meet regularly to review your planning or products we offer a range of ongoing service dependent on the level of work and complexity of your arrangements that need to be reviewed.
Basic Review Service
min. fee £300 pa or 0.30% of funds managed
Suitable for individuals who are basic rate taxpayers with 1-3 products that need reviewing and who may not necessarily need ongoing investment management but want to make sure they make the most of their money.
Maximum Annual Fee of £1,500 per annum.
Financial Planning Service
min. fee £800 pa or 0.50% of funds managed
Suitable for individuals who are higher-rate taxpayers and individuals needing advice on multiple areas who need ongoing investment management.
Maximum Annual Fee of £3,500 per annum
Retirement planning service
min. fee £1,200 pa or 0.60% of funds managed
Suitable for individuals drawing an income from pensions and investments with complex retirement planning needs. Our retirement planning service is designed to help you proactively review and make changes to your retirement plan as needed.
Maximum Annual Fee of £4,500 per annum .
If we can’t demonstrate to you that, through our service, we have improved your financial situation, you don’t have to pay us a penny in fees.
The Money Clinic Ltd is an Appointed Representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 197107. Registered in England & Wales. Company number 15761575. Registered Office: The Mill House, Court Farm Church Lane, Norton, Worcester, Worcestershire, England, WR5 2PS
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The FCA does not regulate tax or estate planning.
Please note that the value of investments may go down as well as up and investors may get back less than they invest. Where these pages refer to investment performance, it should be remembered that past performance is not a reliable indicator of future performance.
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