Fees

Our philosophy

When developing our fee structure we wanted to be able to reciprocate the trust shown in us by our clients; we wanted to be able to demonstrate we were consistently adding value and we wanted to be totally transparent.

Most clients use our Wealth Management Solution, an on-going service that encompasses portfolio recommendations, tax and estate planning and more general financial planning. The minimum investment required is £200,000. We charge nothing up-front for this service, just an ongoing fee as detailed below. This basis of charging means our objectives are better aligned - we both need the relationship to work in order for it to be profitable. If a client feels we are no longer adding value they can terminate the arrangement by simply giving one month's notice - there are no hidden exit or termination fees.

The lack of an initial fee combined with our use of low-cost passive funds and finely-priced platforms means the total cost of investing with Chadwicks is exceptionally competitive.

For clients who do not want an ongoing relationship or who are looking for advice around a specific issue we will quote a fixed fee before starting work. For corporate advice we usually agree a fixed fee.

Very rarely, we will charge our hourly rate.

Our fees

Wealth Management

Initial portfolio set-up fee - nil

ongoing annual fee

                                  Portfolio value                                  Annual fee (payable monthly)

                                   Less than £200,000                           £2,000 fixed fee

                                   £200,000 - £1m                                 1% of assets under advice

                                   £1m - £2m                                         0.5% of assets under advice

                                   £2m +                                                0.3% of assets under advice

The fee is payable on the value of each tranche, so a client with a portfolio of £1.5m would pay £12,500 p.a.

What’s included……

  • Initial financial planning report
  • Individually tailored portfolio
  • Fund recommendations
  • Basic tax and trust advice and recommendations
  • Setting up portfolio, including realising or re-registering existing investments
  • Ongoing portfolio monitoring, valuations and recommendations
  • Provision of tax statements where appropriate
  • Meetings as required
  • Annual update report 

And what’s not included……..

  • Flexible Access Drawdown – an additional fee of 1% of pension fund value is made on entry to FAD
  • SIPP Property purchase – charged at our hourly rate
  • Complex tax and trust advice and recommendations – charged at our hourly rate
  • Implementation of non-investment recommendations (i.e. protection policies)
  • Transfers from defined benefit schemes - reflecting the complex and irreversible nature of advice in this area we make an initial review charge of £750. Where our advice is to transfer our fee for completing the transaction is 1% of the transfer value, capped at £8,000.

 

Hourly Rates

          Director                                                                                    £275/hour

          Chartered Financial Planner/Chartered Wealth Manager       £200/hour

          Financial Planner/Wealth Manager                                         £150/hour

          Administration                                                                         £  40/hour

 

You can read an article discussing our approach to fees in New Model Adviser Magazine here

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Chadwicks Limited is authorised and regulated by the Financial Conduct Authority
Chadwicks Limited is registered in England no:3292960.
Registered address: The Studio, Wattle Cottage, Mangreen, Norwich, NR14 8DD
 

Where you have a compliant or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk