The fees I charge

We believe fees should be transparent, fair and charged in a way that that results in advice that has our clients’ best interests at heart.

Our fees are calculated based on the value provided, the expertise required to provide the advice, the nature of the advice and the complexity involved.

Our fees are provided up front so you know what you will be paying in advance of receiving any advice. Here’s how we charge, depending on the type of service you require:

Retirement planning clients

Advice objectives

You are looking to simplify and clarify your financial life to achieve your goals.

You are aware you don’t have the requisite knowledge, expertise or time and wish to form a relationship with a trusted expert to act as a guide for your finances.

You wish to understand what your financial future looks like, understand your options and have assistance in implementing the required actions necessary to achieve your goals. You seek the assurance of knowing you have an expert available on an ongoing basis to help you stay informed, ensure your money is working appropriately and to make adjustments as necessary.

Services

You will benefit from a highly personalised service that helps you to identify your lifetime priorities and understand whether you are on course, financially, to achieve them.

Where needed, we assist with the implementation of any financial products that will help with the realisation of lifetime priorities. Financial products we recommend may include:

  • Pension & retirement income plans
  • ISA and investment accounts
  • Life assurance contracts
  • Trusts

Pensions and investments are managed according to ‘evidence-based’ principles founded on academic research and in line with client risk tolerance and risk capacity.

Before any financial products are established you can expect to be guided through a thorough process to ensure your unique situation and objectives are understood and you understand the advice that is provided.

Ongoing meetings are held at least annually to ensure lifetime priorities remain on track to be achieved. Contact is available throughout the year as required.

What this service does not provide

Recommendations for banking, general insurance or mortgage products.

Neither does it provide complex tax computation or tax mitigation services (outside of pension and ISA investments).

All recommendations are on a ‘best advice’ basis; implementation activities are not done ‘to order’.

Fees

All advice starts with planning (because how do I know what you need if we don’t know where you want to get to?) Read more about our financial planning philosophy here.

The planning fee is £1,500 and is offset against any implementation fees where they are provided.

Implementation fees are simply 2% of the value of any investments made with a minimum of £2,500 and a maximum of £10,000.

Ongoing fees are tiered based on portfolio value starting start at 1% of invested assets reducing to 0.75% between £500k and £1m and 0.25% over £1m. The minimum fee is £1,500 pa.

Fees are deducted from the portfolio where it is possible to do so.

Fixed fees are available upon request.

A proposal detailing the specific fee will be provided following an initial meeting and before any advisory services are carried out once your situation and requirements are fully understood.

If you would like more detail on the services and fees and to see specific examples you can request our Service Charter by emailing andrew@neliganfinancial.co.uk.

VAT

Where the establishment of a financial product is provided or is expected to be provided by the client at the implementation stage VAT is currently not applicable.

Where only the financial planning stage is provided VAT is applicable.

This also applies to ongoing services.

Specific and specialist advice clients

Advice objectives

You have specific questions and needs that require specialist advice. You are looking for a solution to an immediate need which may require the implementation of a financial product.

Examples include advice regarding the pension Lifetime Allowance or Annual Allowance or Inheritance Tax Planning.

Services

You will benefit from a highly personalised service that helps you to identify your lifetime priorities and understand whether you are on course, financially, to achieve them.

Where needed, we assist with the implementation of any financial products that will help with the realisation of lifetime priorities. Financial products we recommend may include:

  • Pension & retirement income plans
  • ISA and investment accounts
  • Life assurance contracts
  • Trusts

Pensions and investments are managed according to ‘evidence-based’ principles founded on academic research and in line with client risk tolerance and risk capacity.

Services may also include a thorough analysis of the advantages and disadvantages of transferring a Defined Benefit pension to a personal pension. Or, how to generate a retirement income that minimises tax, meets income needs and provides long-term financial security.

Recommendations will be given on a ‘best advice’ basis.

Before any financial products are established you can expect to be guided through a thorough process to ensure your unique situation and objectives are understood and you understand the advice that is provided.

Ongoing meetings are held at least annually to ensure lifetime priorities remain on track to be achieved. Contact is available throughout the year as required.

What this service does not provide

Recommendations for banking, general insurance or mortgage products.

Neither does it provide complex tax computation or tax mitigation services (outside of pension and ISA investments).

All recommendations are on a ‘best advice’ basis; implementation activities are not done ‘to order’.

Additionally, this service does not provide a ‘sign-off’ for pension transfers or pension fund withdrawal under the ‘pension freedom’ rules without a thorough analysis of the pros and cons of the objective.

If you would like more detail on the services and fees and to see specific examples you can request our Service Charter by emailing andrew@neliganfinancial.co.uk.

Fees

The planning fee is £2,500 and is offset against any implementation fees where they are provided.

Implementation fees are simply 2% of the value of any investments made with a minimum of £2,500 and a maximum of £10,000.

Ongoing fees are tiered based on portfolio value starting start at 1% of invested assets reducing to 0.75% between £500k and £1m and 0.25% over £1m. The minimum fee is £1,500 pa.

Fees are deducted from the portfolio where it is possible to do so.

A proposal detailing the specific fee will be provided following an initial meeting and before any advisory services are carried out once your situation and requirements are fully understood.

Where applicable annual fees are subject to future increases but will be communicated in advance.

VAT

VAT may be applicable depending upon whether it is intended by a client for Neligan Financial to establish a financial product and this intention can be evidenced.

The way I work and the philosophy behind my approach reinforces the positive reasons to choose Neligan Financial. Find out more about: