Financial Planning

Our philosophy

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, the complexity of your circumstances and the value we can provide. We’re not the only firm to work on this basis, but we are in the minority.

Outcomes

Regardless of the complexity of your needs, we follow the same process for all our clients to focus on achieving the following outcomes:

  • Confidence in your future and clarity on where you stand financially
  • Knowing that you’re not taking too much risk, but equally ensuring you’re taking enough measured risk to meet your goals
  • Maximising the efficiency of your finances using the relevant tax allowances available
  • Investments that work as hard as possible for you, but don’t cost the earth (in both senses of the meaning!)
  • A sustainable withdrawal plan to allow you to spend your hard-earned money without fear of running out
  • The comfort of knowing you have a team of people looking after your best interests.

Fee structure

Initial advice

Low complexity
£2,200

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.

Mid complexity
£2,800 – £3,800

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.

High complexity
£5,000 – £10,000

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.

Ongoing advice

Light Touch
£1,800 per annum

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.

Full Service
£2,220 - £3,600 per annum

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.

Complex
£5,000 – £10,000 per annum

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.

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      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.

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