We used to the do the same. It was the ‘industry standard’. However, we’ve given a lot of thought to this and have concluded that there is a better way. Instead of basing our prices on how much money you have, we now charge fixed fees that only vary with your requirements and the complexity of your circumstances. We’re not the only firm to work on this basis, but we are in the minority.
We will only tell you to make changes to your pensions, savings and investments if those changes are in your best interest; our advice is truly unbiased. Likewise, when it comes to spending your money and enjoying your retirement, we will actively encourage you to do so, while we keep an eye on the future; we want you to live richly, not die rich. Could an adviser that gets paid a percentage of what you move to them say the same?
Because our fees are fixed, there is no complicated explanation or calculation required. This makes it easier for us to publish them on our website and give you a very good idea of what your potential costs will be before you even contact us.
You will always know exactly what you’re paying us and the level of service we will deliver for that money. There’s no hiding behind a small percentage figure, nor is there the requirement for our clients to know what 0.85% of £73,165.14 is. It’s clear, upfront and honest.
The below tables are designed to give you a better idea of what we charge for initial and ongoing work, and what each level of service entails.
Please note that our first meeting, which we use as an opportunity to see if we can help you, is provided free of charge.
|Cost||£1,895||£2,495||£3,225 – £5,000|
|The need||Advice required on how best to invest cash or make a lump sum pension contribution. There are no existing policies to review.|
|The need||A review of your existing investments or pensions to see whether they are fit for purpose and on track to deliver the outcome you are looking for.|
|The need||Detailed retirement planning. Helping you plan your income to ensure you can live your best retirement without fear of running out of money.|
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.
|Complexity||Light touch||Detailed||Complex||Family Planning|
|Who it suits||Someone with fairly simple financial affairs, in the saving (pre-retirement) stage of life. You probably do not require a lot of contact but would like someone to keep an eye on things.|
|Who it suits||You could be in saving (pre-retirement) or spending (post-retirement) life stages. You probably have both investments and pensions being maintained, or possibly multiple of either. You require more regular detailed contact and will likely be following a financial plan.|
|Who it suits||Suitable for those who require more complex planning. Likely to be in retirement. Could hold multiple financial products or require management of multiple sources of income requiring detailed income and tax planning. Likely to require ongoing Inheritance Tax planning.|
“As a freelance photographer, finances in life can be precarious. Never able or inclined to delve into the world of stock markets or areas other than the standard offer from banks and building societies. I was recommended to Annetts and Orchard, who around 2004 started to advise me and handle any monies that I had available. We are not talking about vast sums, so don't be put off. Their professional but friendly way of doing business has kept me on a very happy footing since and never once have I felt badly advised - not the case with some friends of mine. Always with their client in mind my portfolio of funds has grown at a rate far higher than any individual could hope for. Retirement with a solid financial background is an area I could only have dreamt of. I would have no hesitation in recommending Annetts & Orchard, the sooner you start the better life will be.”
A client since 2004
“I would like to thank Annets & Orchard for helping me review my pension policies and for your honest advice of how I should reinvest my ISA when it reaches maturity. I thank you especially for helping to rearrange my Critical Illness and Life Assurance policy. You made a very sensitive subject a lot less painless with your professionalism, friendliness and understanding of my changed circumstances. You also have a good sense of humour, which helps as most of the things we had to sort through were quite heavy going for me.”
A client since 2013
“I have used Annetts & Orchard for the last five years. During this time, they have assisted me with a first-time mortgage and more recently a mortgage for my new house, as well as home insurance for both. House buying is extremely stressful, but I felt that this was one less thing I needed to worry about. Annetts & Orchard found the best product for me and the whole process from start to finish was as seamless as possible. I would not hesitate in engaging their services again in the future.”
A client since 2010
“I have been with Annetts & Orchard since 2008: I needed mortgage advice, and they were recommended to me by a trusted colleague. As my personal circumstances developed and my financial needs have changed over the years, the team have advised me on a range of pension and investment issues, and I feel I now have a solid financial plan in place. What I value is how Annetts & Orchard take the time to understand my needs and explore different solutions with me - I feel in control of my financial future but with the support and guidance of experts.”
Dr P Hornsby, Wokingham
A client since 2008
“I wanted to send a private message to say that, for what it is worth, I have worked for hundreds of companies over the last seven years whilst here - the biggest compliment I can give you and your company is that if someone came to me to ask for a recommended company for advice, you would be top of the list by a long, long way.”
A professional connection
“I was recommended Annetts & Orchard by a colleague who found their helpful and professional approach both useful and reassuring. I have certainly also found this to be the case. Looking to invest savings while ensuring a safe future for my family, I find that the team make uncomplicated and appropriate suggestions. They are never pushy and most importantly listen. I am very comfortable leaving them to handle my investment portfolio.”
A client since 1998
“My husband had just died aged 50 and I required a sympathetic and professional approach. I couldn't have asked for a better team. They were knowledgeable, efficient and kind. Without a doubt they helped reassure me and reduced my stress. Since 2011, the team have been attentive and willing to discuss any concerns I may have. The investment choices have done well for me. I would highly recommend them to anyone requiring financial advice.”
A client since 2011
"Annetts & Orchard have provided excellent financial advice and support to my 97-year-old aunt for some time. By providing sound financial help and making the investments on our behalf, we were freed from the worry and burden of decision making. I can therefore thoroughly recommend Annetts & Orchard, as I have seen for myself the excellent service they have provided to my aunt over a number of years."
A client since 2008
Annetts & Orchard is a trading name of Annetts & Orchard Insurance Brokers, authorised and regulated by the Financial Conduct Authority. You can find Annetts & Orchard Insurance Brokers on the FCA register (FCA number 136445) by clicking here. Registered in England & Wales. Registered Office: 31 Castle Street, Salisbury, Wiltshire, SP1 1TT.
Please note that the value of investments may go down as well as up and investors may get back less than they invest. Where these pages refer to investment performance it should be remembered that past performance is not a reliable indicator of future performance. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details can be found by clicking here.
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The FCA does not regulate tax or estate planning.