Our Client Proposition
We are able to offer you advice and services in the following areas
Financial Planning Mortgage Arranging/Reviews
Investment Portfolio Reviews Life Assurance Arranging/Review
Pre and Post Retirement Planning Critical Illness Arranging/Review
Pension Reviews Income Replacement due to Illness
Accident Sickness and Redundancy Private Medical Insurance
Schools & University Fees Planning Equity Release
Buildings and Contents Insurance Savings
The Process
Stage 1 – Initial Meeting
We offer you an initial meeting to understand in broad terms; your goals, needs and objectives and to agree with you whether our services are right for you.
Stage 2 – Initial Advice & Planning
We will conduct an in depth analysis of your circumstances and future objectives. We will advise you on how realistic your goals and objectives are and how best to plan to attain them. This will consist of some or all of the activities below:
v Evaluate and adopt existing arrangements
v Collect relevant facts to understand your current position
v Establish your financial objectives and protection needs
v Establish your attitude and tolerance to investment risk
v Establish a limit of cash contingency fund appropriate to your needs
v Produce your written Financial Plan
v Collect the data needed to produce your financial plan (for example contacting existing providers)
v Identify any shortfalls and make recommendations in regard to your protection requirements
v Establish a suitable Asset Allocation to match your attitude towards investment risk
v Identify the most tax efficient wrappers
v Construct a suitable Investment Portfolio
v Agree the way forward and how best to implement the action(s) agreed
Stage 3 - Implementation
Once we have agreed your Financial Plan (or parts of it), we will implement the recommendations.
This will consist of:
- Help with completion of any paperwork
- Establish the new arrangements
- Process all documentation and send these on to you for safekeeping as required
Stage 4 – On-going Service and Reviews
Following implementation of the financial plan and investment portfolio, if you require our services in relation to on-going reviews and monitoring, we provide a Financial Planning Service:
On-going Service
A review meeting (if appropriate and as agreed with your Adviser) on the agreed timescale at outset
A Financial Health Assessment
A review of your financial goals and plans
Re-balancing of Asset Allocation to benchmark (if appropriate and at agreed intervals in between annual meetings)
Monitoring of investment funds
Written portfolio valuations (at agreed intervals)
Online access to “Wrap Platform” (where appropriate)
Review of other Investment opportunities upon request
Review of your documents to minimise paperwork wherever possible
Priority Response & Availability
Additional meetings available on request (additional charges may apply)
Access to your Adviser during normal business hours via telephone or email
We aim to return all phone calls and emails within 2 working days
We will maintain and update your file securely
Deal with correspondence received from you and product provider(s)
Provide you with information held on your file at your request
How Charterhall Associates Limited Charge for our proposition
We offer three methods of payment by which we can be remunerated and we will agree which method is best for you:
1. Fee
If you implement our recommendations, you can pay for our services by consenting to the product or wrap provider deducting the Adviser Fee payable from your investment. Alternatively, you can pay by cheque.
We will tell you if you have to pay VAT.
If we also receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee, reduce your product charges, increase your investment amount or refund the commission to you.
2. Commission (through product charges)
This is sometimes payable to us from the product provider when you implement our recommendations. While you will not pay us anything directly, this does not mean that our service is free. The commission is derived from the product charges taken by the provider to cover their own costs and commission payable to us and these charges reduce the amount allocated to the investment.
3. Combination of Fee and Commission
This option is a combination of the two options described above. The cost of our services is the same regardless of the payment method selected. Prior to undertaking any work on your behalf we will agree with you how we will be paid for our advice and services.
We will not exceed our example charges without your written permission. All charges quoted are subject to regular review. If we propose to alter our level of charges and this will have an impact upon you, we will write to you to notify you of the new charges.
Amount Invested Cost
Up to £74,999 3.0% of the amount invested (subject to a minimum charge of £800)
Between £75,000 - £149,999 2.25% of the amount invested
Between £150,000 - £249,999 2.00% of the amount invested
Over £250,000 Negotiable
For example:
• If you invest £20,000 into an ISA, Unit Trust, OEIC, Bond or Pension the cost would be £800.
• If you invest £120,000 into an ISA, Unit Trust, OEIC, Bond or Pension the cost would be £2,700.
• If you invest 220,000 into an ISA, Unit Trust, OEIC, Bond or Pension the cost would be £4,400.
Annuity Purchase
Up to £74,999 3.0% of the amount transferred (subject to a minimum charge of £800)
Between £75,000 - £149,999 2.25% of the amount invested
Between £150,000 - £249,999 2.00% of the amount invested
Over £250,000 Negotiable
For example:
• If you transfer £20,000, the cost would be £800.
• If you transfer £100,000, the cost would be £2,250.
Regular Contribution Investment and Pension Contracts
The cost depends on the type of contract, for example:
• If you pay £100 a month into an ISA, Unit Trust or OEIC we would make an upfront Initial charge of £800
• If you pay £100 a month into a Pension we would make an upfront Initial charge of £800
• If you pay £100 per month towards a Whole of Life policy we would make an upfront initial charge of £800.
Pension Transfer Work (Non –Occupational)
If a recommendation to transfer is made and you wish to proceed with the recommendation, we charge a minimum fee of £875.00 or a percentage equivalent of the amount transferred.
All Other Pension, Investment and Specialist Services Work
All other work that we undertake on your behalf not listed above will be charged on an hourly rate basis. We will also agree a fixed fee basis for specialist ad-hoc project work in certain circumstances:
• Up to £150 per hour depending upon the complexity of the work involved with a Minimum Fee of £750.00.
You may ask us for an estimate of how much in total we might charge.
You may also ask us not to exceed a given amount without checking with you first.
On-going Service and Reviews
For providing our Professional Financial Planning Service, we charge £500 per annum of the value of investments under management or the equivalent percentage of the fund value deducted from the fund.
Our Professional Financial Planning Service charge can be paid by monthly, quarterly or annual standing order, invoiced annually or deducted directly from your investment portfolio.