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Clients
remunerate us through fees rather than commissions. We
will agree with clients the estimated cost of work we
agree to do on their behalf at the outset. We will also
agree a maximum fee balance, where we commit not to
exceed that figure without discussing it further with
the client.
Our
fees are charged in two ways:
·
An
hourly fee based on time spent on work undertaken for a
client. This fee currently ranges between £60 for
administration work, through to £200 for the most
complex work undertaken by a Chartered Financial
Planner. Where we do advise on and implement ‘products’
or investments, any initial commission is credited to
the client ‘account’ and offset against fees charged.
We
also charge hourly fees for mortgage advice. The
precise cost of advising on a client’s mortgage will
depend on individual circumstances but we estimate that
it will be approximately £2,000.
·
Where
we are advising clients regarding their investments, we
charge a fee of 0.5% of the amount of the funds for
which we take responsibility. This fee includes
selecting and implementing the right investment
strategy and annual performance reviews against
objectives.
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