Charging a percentage fee, based on the value of your pensions, savings and investments, is the pricing structure that many advisory firms traditionally follow.
We used to the do the same, as it was the “industry standard”. However, we’ve given it a lot of thought and 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.
Regardless of the complexity of your needs, we follow the same process for all our clients to focus on achieving the following outcomes:
This could be the initial fee applicable to someone requiring advice on a single subject with no existing policies to be reviewed.
Example: someone early in the savings stage of their financial life with simple tax affairs, who needs to invest an inheritance for the benefit of their long-term financial future.
This is likely to be the fee payable for someone who needs a review of where they stand or needs help with a transition. There are likely to be existing policies to be reviewed, or the recommendations will require multiple tax wrappers to meet their needs.
Example: someone approaching retirement who needs help transitioning their finances. This would include helping identify the income needed, advising on the most suitable way to obtain that income, then ensuring that there is a robust plan in place to maintain it. Another example could be someone who has been recently divorced or widowed and needs help reorganising their finances to provide confidence for their future. The fee range on this level reflects the number of existing policies to review.
This fee level is likely to be applied to someone with complex needs requiring a lot of time and detailed planning, a complex tax situation, or both.
Example: someone recently widowed with an inherited estate comprised of many different asset types and Trust arrangements that need looking after. It could also apply to someone with a large number of existing products and providers who is looking to understand what they have and to simplify their finances. Another example could be someone looking to maximise the legacy they leave their family by planning ahead to reduce inheritance tax.
This service is a product-focused annual suitability review to ensure that what was initially recommended remains suitable for you. We review the provider, the investments and the risk profile to ensure that what we initially recommended remains suitable for you as life changes.
This service is targeted towards those in the saving phase of life (pre-retirement) with fairly steady circumstances.
This is our full financial planning service aimed at those approaching or already in retirement. We have a formal review once a year that includes a suitability review of your products, but also a review of your wider financial position and long-term forecast. This is a proactive service that looks to maximise the efficiency of your money.
If you are taking withdrawals from your portfolio, this also includes income sustainability monitoring, ensuring that we have a plan in place for you to be able to enjoy your money, with peace of mind that it won’t run out too early.
This includes everything in our Full Service offering but is adjusted for increased complexity. This could be for additional tax planning requirements, or objectives requiring additional involvement, such as the sale of a business.
All clients receiving an ongoing service will have an annual meeting with an adviser. We are happy to conduct the meeting via telephone and online video meeting, or in person at our offices – whichever works best for you. For clients with complex needs, additional meetings can be arranged as required.
In addition to the formal review meetings, our team will be available to you throughout the year for anything that crops up in-between. If you’ve got something that’s worrying you, you’re worried about a potential financial scam, or you just want to sense check a decision – pick up the phone or send us a message and we’ll be happy to help.
Clients will also benefit from access to our online portal and our quarterly newsletter discussing various financial topics, news and developments.
The fee specific to your situation will be confirmed to you in writing before any obligation to proceed. If you would like to find out more, please contact us or arrange an initial meeting, at our expense, to see if we’re a good a fit to work together.
“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 Ltd. We are authorised and regulated by the Financial Conduct Authority. You can find Annetts & Orchard Ltd on the FCA register (FCA number 820272) by clicking here. Registered in England & Wales (11503291).
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.