Homecroft Wealth Logo Chartered Financial Planners

Fees we charge

OUR CHARGES

The way we are paid for our services may depend on the type of advice given. Typically, this will be: 

•    Investment business: fees agreed and paid by you.

•    Insurance business: fees agreed and paid by you or commission payable by the insurance provider, which is a percentage of the total annual premium.

More details on these options and how they are paid is found in the following sections on initial and ongoing charges.

Our charges fall into the following categories:

a)    Initial charges: these are the upfront costs of our services. We offer several types of initial service depending on your needs.
b)    Ongoing charges: once your financial plan is in place it is important to keep it under review so it can be adapted, where necessary, as your circumstances change. Our ongoing services are designed to do this. Our actual charges and fees (in pounds and pence) will be agreed with you before we do any work and we will explain your payment options too.  We will also let you know where any fees are subject to VAT. 

 

Initial Service

Initial meeting which typically lasts 1-2 hours to understand your needs and objectives.Writing off and obtaining information on your existing investments.

Initial Charges

No charge is made for your initial consultation or for undertaking preliminary enquiries

Initial Service

Financial review with an agreement to becoming an ongoing Lifelong client and receiving regular reviews. Establishing your attitude to and understanding of risks. Reviewing your current plans, investments and assets. Undertaking research to identify appropriate plans and solutions. Assessing the impact of key events on your plans (cash flow modelling), where appropriate. A face to face meeting to discuss our recommendations. Assistance with completion of relevant applications. Submission or data entry to provider. Processing payments / investments. Liaising with providers to check progress. Providing on line access where possible. Checking contract notes and documentation.

Initial Charges

2.00% on all investments up to £300,000 Subject to a minimum fee of £2,500
1% on tranche of investment between £300,001 - £500,000
0.5% on tranche of investment between £500,001 - £750,000
0.25% on tranche of investment between £750,001 and above

For example:
If you were to invest £150,000 our charge would be £3,000
If you were to invest £500,000 our charge would be £8,000
If you were to invest £750,000 our charge would be £9,250
If you were to invest £1,000,000 our charge would be £9,875
If you were to invest £1,500,000 our charge would be £11,125
If you were to invest £2,000,000 our charge would be £12,375

We may agree an initial fixed fee based upon the above tiering.

Initial Service

Financial planning review with an agreement to becoming a Classic client OR one off transactional advice i.e. where you are not subscribing to an ongoing service. Establishing your attitude to and understanding of risks. Reviewing your current plans, investments and assets. Undertaking research to identify appropriate plans and solutions. A face to face meeting to discuss our recommendations. Assistance with completion of relevant applications. Submission or data entry to provider. Processing payments / investments. Liaising with providers to check progress. Checking contract notes and documentation.

Initial Charges

2.00% on tranche of investment up to £500,000
1% on tranche of investment over £500,001
For example:
If you were to invest £100,000 our charge would be £2,000
If you were to invest £150,000 our charge would be £3,000
If you were to invest £500,000 our charge would be £10,000

Initial Service

Mortgage advice. Understand your needs and financial position. Carry out research. Meeting to discuss needs and make recommendations. Submit application forms to the lender and chase progress. Check mortgage offer meets recommendation.

Initial Charges

Free discussion and initial research.

Minimum up front charge of £395 payable by fee if the case proceeds to application. A procuration fee will also be received by the lender and this sum will be disclosed to you.

Initial Service

Protection advice. Reviewing any current plans, shortfalls and needs. Undertaking research to identify appropriate protection plans and solutions. Assistance with completion of relevant applications. Submission for underwriting and management of the process. Advice on suitable trust documentation if applicable. Ensuring policy documentation is correct and issue of documents.

Initial Charges

Free discussion and initial research.

Payable by fee, commission or a combination of these and subject to a minimum fee of £1,000. Any commission can be used to offset this fee. If you wish us to work on a fee basis, this will be at our usual hourly rate detailed below. Where we are paid by commission, we will tell you the amount.

Ongoing Service

Lifelong service includes twice yearly review and rebalance of investment portfolios, including an annual face to face review where we review your personal circumstances, attitude to risk, financial goals and objectives. A review of your investments. Effect any agreed changes or rebalancing funds. Access to the Lifelong Investment Platform Full access to our client team for any ad-hoc queries.

Ongoing Charges

1.00% per annum on monies managed up to £200,000 Subject to a minimum fee of £2,000
0.75% per annum on monies managed over £200,000 and up to £1,500,000
0.5% per annum for tranche of monies managed over £1,500,001 and up to £2,000,000
0.25% per annum for tranche of monies managed over £2,000,001 and up to £2,500,000
0.15% per annum for trance of monies managed over £2,500,001

For example:
If you have £200,000 invested our charge would be £2,000 per annum (1%)
If you have £500,000 invested our charge would be £3,750 per annum (0.75%)
If you have £1,000,000 invested our charge would be £7,500 annum (0.75%)
If you have £1,500,000 invested our charge would be £11,250 per annum (0.75%)
If you have £2,000,000 invested our charge would be £13,750 per annum (0.69%)
If you have £2,500,000 invested our charge would be £15,000 per annum (0.6%)
If you have £3,000,000 invested our charge would be £15,750per annum (0.52%)
If you have £4,000,000 invested our charge would be £17,250 per annum (0.41%)

Ongoing Service

Classic service includes a one yearly review of your investments, circumstances and a rebalance if appropriate.

Ongoing Charges

0.7% per annum of monies managed subject to a minimum fee of £1,000
For example:
If you were to invest £100,000 our charge would be £1,000 (1%)
If you were to invest £150,000 our charge would be £1.050 (0.7%)

 

Our ongoing services are optional. If you agree to purchase an ongoing service, unless otherwise agreed, the service will be provided as a follow up to the initial service.

The amount of our annual ongoing charges may increase or decrease as the size of your fund grows or reduces.

In some circumstances we may currently receive ongoing payments (commission) from product providers relating to existing investments you hold. Any such payments may be taken into account when determining the charges for ongoing services. We will discuss and agree this with you where relevant.

Any ongoing services will be agreed with you and confirmed in this Client Agreement.

 

Our Client Agreement and Charges can be downloaded as a PDF here.