There are 4 stages to my financial advice process. This is how it works:
Stage 1: Assessing your needs
I 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!
I’ll also ask you about the policies and plans you already have in place and help you to identify any gaps. Then I’ll assess your attitude to financial risk and capacity for financial loss.
There’s no obligation to work with me after this stage. I’ll also use this meeting to assess whether I can help you or not.
Stage 2 – Research and recommendations
The next stage is where I create your Personal Financial Plan.
I’ll carry out detailed research to decide the way forward and, when relevant, use a piece of financial planning software called ‘cashflow modelling’, which helps me 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.
I’ll present this to you and explain each recommendation to you so you’re clear about everything before I put any of it in place.
Please note: The Financial Conduct Authority does not regulate Cashflow Modelling.
Stage 3 - implementation
This is where I’ve organised the documentation needed to put your financial plan into action. I’ll liaise with the product providers to make sure your plan is structured in 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. I want to deliver advice solutions that benefit you now and in the future and regular check-ins help me to do that. Please note this is an additional ongoing service, which you can learn more about below.
Ongoing services
Our ongoing services are optional and minimum fees apply, but it’s important to keep your financial plan under review so that it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. This includes:
An Annual review – an annual meeting with me to review your personal and financial circumstances, goals and objectives along with financial risk profile, investment preferences and ongoing suitability of advice.
Fund or portfolio switches required to existing plans, amendments to income levels, cashflow modelling, if required, tax and estate planning, if required and liaison with other professional advisers, such as solicitors or accountants.
Of course, you don’t need to wait for a year to talk to us! We are available and want to hear when things have changed for you. We love talking to you and want to hear about what’s happening in your life.
Please note: The Financial Conduct Authority does not regulate Cashflow Modelling, Taxation Advice and Estate Planning.
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 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 ongoing service is 1% of the value of your investment per annum. (All ongoing fees are subject to a minimum fee of £1,500 per annum)
Other fees
Fixed fee
I can provide financial advice and administration charged on an hourly basis which we will discuss with you prior to any work starting. Details of how this works can be found in our Terms of Engagement document which we will supply you with.