The TFP approach to fees...
What you get:
Transparent pricing in pounds and pence
Fixed initial project fee for WealthGPS
No separate implementation fee
Fixed ongoing fee based on your situation and service required
Low cost evidenced based investment portfolio and platform fees
We will never:
Charge hidden fees
Base our relationship and your fee on the amount of money you have
Charge a % of your assets to transfer your money and implement your plan
Charge a % of your assets every year based on the value of your investments
Charge unnecessary high fees based on speculation and crystal ball gazing
How fixed fees will benefit you, a case study...
Meet Tom & Flo Patterson
Traditional Advice Fees (Average)
Fee Type
Initial Fee for Advice & Implementation*
Ongoing Advice & Investment Management**
YEAR 1 TOTAL
TOTAL AFTER 10 YEARS***
Fee (%)
2.4%
2.18%
4.58%
Fee (£)
£24,000
£21,800
£45,800
£310,496
*FCA 2020 Survey Industry Average Initial Charge
**Langcat Market Report 2020 Average Annual Charge
***Assuming 5% growth per annum on £1m investment
Tom & Flo have assets of £1m and are looking for some expert guidance to help them achieve the things they want to do in life.
Our Fixed-Fee Philosophy
Service
Planning
Advice & Implementation
Ongoing Planning & Support
Investment Management*
YEAR 1 TOTAL
TOTAL AFTER 10 YEARS**
Fixed Fee (%)
£2,500
£5,000
£9,000
£5,200
£21,700
£134,222
% Equivalent
0.25%
0.50%
0.90%
0.52%
2.17%
*This charge is for the platform, custody, and investment portfolio. All these charges are not levied by us but by the platform provider and fund managers
**Assuming 5% growth per annum on £1m investment and our fixed fee rising by CPI (assuming 3%) every 2 years
Our fees...
WealthGPS Initial Project Fee
Everybody we work with will experience our full WealthGPS process in order to establish a truly holistic retirement plan that covers:
Values, Purpose & Vision
Cashflow Planning & Stress Testing
Retirement Income Planning & Management
Investment Management
Tax Planning
Insurances
Estate Planning & Gifting
All in project costs begin at £2,500 up to a maximum of £10,000.
There are no extra charges for implementing your plans and our advice.
If we provide advice on the transfer of defined benefit (DB) or final salary pensions, you'll pay a fixed fee of £7,500 per scheme.
WealthGPS Ongoing Fees
Our four ongoing services are designed to support our clients differing range of situations and complexities. They all include ongoing investment and income management, tax planning, and estate planning.
All of our clients benefit from at least one forward planning meeting per year with Essential, Core & Family having at least an additional 6 monthly meeting. In addition to this, each service benefits from open access to the team at no additional cost, so we will always be on hand whenever you need us.
We will also liaise with any professionals to ensure a joined up approach to your finances.
WealthGPS Lite
WealthGPS Essential
WealthGPS Core
WealthGPS Family
You will typically:
Be aged 50+
Be 5-10 years away from retirement
Have household earnings of over £100,000
Have between £250,000 - £500,000 of investible assets
Have 1 or 2 retirement/savings accounts
You will typically:
Be aged 55+
Be 3-5 years away from retirement
Have between £500,000 - £1m of investible assets
Have a net worth of £1m - £2m
Have 1 or 2 retirement/savings accounts
You will typically:
Be aged 55+
Be 1-3 years away from retirement
Have between £1m - £2m of investible assets
Have a net worth of £2m - £3m
Have multiple retirement/savings accounts
Have other assets such as a rental property or company share schemes (LTIPs)
You will typically:
Be aged 55+
Be 1-3 years away from retirement
Over £2m of investible assets
Have a net worth of £3m+
Have a complex mix of retirement/savings accounts
Have other assets such as a rental properties, company share schemes (LTIPs) and VCTs/EIS
Want us to provide financial planning to your parents and/or children
£350 per month
£500 per month
£750 per month
From £1,250 per month
The amounts are for illustrative purposes only and whilst they give a good indication of complexity and our fixed fee structure, the service you fall into will be confirmed once we know you better.