The Initial one-off advice charge is to pay for the cost of advice, Implementation, and the administration of the full advice process. This will be in a formal written format.
This is the norm across the financial industry. We are not the cheapest nor the most expensive either but one thing I can guarantee you is, that you will receive good value for money for now and in the future. We do not do a quick job. We do a proper and thorough job. Hence, we take our time before we come up with a blue chip and credible recommendation that is tailor-made to your needs and objectives. This will be based on the amount of work involved having used my experience, knowledge, know-how, and qualifications, you only get what you pay for.
Let me break down what you will be paying for and what are the benefits for you: –
- You will receive sound, impartial, and holistic financial advice that is in line with FCA rules & regulations. This is my service level criteria. My advice is even checked by compliance before we formally present it to you. The advice is also backed by the Financial Services Compensation Scheme up to £85,000,
- There is no comparison between your initial advice charge to what we are liable for. I am not here today and long gone tomorrow.
- Without good financial advice, you are putting yourself at risk of selecting the wrong product/investment which will have a knock-on effect on addressing your needs and objectives.
- Part of my role is to utilise any tax breaks & tax allowances that are available for you annually. This will enable you to earn more money over the years or retire early,
- We use 5-star award-winning independent software research tools that enable us to access over 1000 products in the marketplace. In other words, we do all the shopping around for you so you do not have to from the whole of the marketplace,
- We also assess your risk comfort zone, your risk tolerance, and your investment experience. This will be the basis of carefully researching and selecting the right investment vehicle with the correct asset allocation/diversification and dilution and low charges. In other words, we look at the foresight rather than the hindsight,
- All of the above software costs time and money which will be added up to the overall cost.
The time required to package all of this for you should not be underestimated since you only see the finished product and not the amount of work involved that went behind the seen.