Rogerstone IFA is a trading style of Sandringham Financial Partners Limited and this document represents Rogerstone IFA only, and in no way relates to any other members of Sandringham Financial Partners Limited’s network. This document supports discussion in regard to fees and these will be agreed via a Client Agreement prior to any chargeable work commencing.
In all cases an initial phone call and/or meeting will incur no charge. I do not set a time limit, although I do reserve the right to end the meeting if I believe my chargeable services are not appropriate for your needs. An example of this may be where you require an accountant or solicitor rather than a financial adviser.
| New plan set up (with no existing plans to review or consolidate) | £850 |
| Review of existing plans and consolidation | £850 + £450 per plan |
E.g. client comes with 3 former pension plans looking to consolidate. Fee is £850 +£450+£450+£450 = £2,200.
| New plan set up and drawdown (lump sum, income or combination) | £1,250 |
| Review of existing plans, consolidation and drawdown | £1,250 + £450 per plan |
| Review of existing plans, consolidation and annuity | £1,500 + £450 per plan |
Alternative options of retirement income including annuities will be discussed and fees agreed with the client prior to any application.
| New plan set up (with no existing plans to review or consolidate) | £750 |
| Review of existing plans and consolidation | £750 + £350 per plan |
| New plan set up (with no existing plans to review or consolidate) | £1,000 |
| Review of existing plans and consolidation | £1,000 + £350 per plan |
To be confirmed during the meetings. This will depend on the complexity and number of people involved.
Applying to investments and/or pensions
Typical charges for ongoing service are between 0.5% and 1% per annum, paid monthly. Please note that Minimum investment to access ongoing service contract is £50,000.
Access to our online Wealth Platform. You can view your policies here online securely. You can also undertake a new assessment of your attitude to risk. Documents can be exchanged between you and your adviser via this secure service.
Annual review including an update on the risk, performance and valuations of your investments about which you have informed us. Periodic assessment of suitability and ‘gap analysis’ bas on the information we hold about you. You are offered to go through all this with your adviser.
Checking that tax allowances are being effectively used where appropriate.
Regular newsletter via email if you have signed up to the Wealth Platform. You will also receive a budget update when the time comes to help summarise any changes introduced.
The initial and ongoing fees can be paid directly by the client or, where possible, deducted from the investment/pension plan.
In all cases, no charge for research or mortgage agreement in principle. In addition to the below, Rogerstone IFA receives a commission payment following completion. This varies, depending on the lender and loan size and will be clearly stated in documents provided.
| Residential Mortgages and Remortgages | £395 at application stage |
| Product transfers | No fee |
| Retirement Interest Only Mortgages | £495 at application stage |
| Buy to Let Mortgages and Remortgages (including ltd company applications) | £495 at application stage |
Should the application fail, a second application will be submitted with no additional charge. Any subsequent applications will incur an additional £395 charge.
No fee for protection advice and implementation. Rogerstone IFA will receive a commission payment from the provider if any policies are taken out. The amount of commission received will be outlined on the illustration for reference, prior to proceeding with any application.