Frequently Asked Questions
Advice & Regulation
How are you regulated?
We are an appointed representative of the Financial Conduct Authority Our FCA registration number is 610187 which you can verify by using the FCA online firm check at www.fsa.gov.uk/register/
What does independent advice mean?
This means we act on your behalf and can choose the most suitable product or service for you based on what is available across the whole of the market. We are not tied to any product provider so you can be sure that our recommendations are not biased.
How do I get advice?
Call 01743 453934 or email firstname.lastname@example.org to arrange a free initial consultation with one of our independent financial advisers. Your free consultation is simply an opportunity for you to gauge if you want to work with us and confirm that we can help you.
Will you review my plans in the future?
You will receive regular updates of the products or services that you have bought and we offer all our clients an annual review service.
Will you justify your advice in writing?
What happens if I don’t go ahead with the recommendations?
Fees & Charges
How do you charge?
For subsequent advice you have a choice of three methods of payment, each has its own advantages and disadvantages depending upon your circumstances and needs. You are in control at all times and will always know exactly how much our advice will cost.
Fee only – after assessing your needs we will confirm and agree a total fee to achieve the results you want. The fee is payable direct to us by you following completion of the advice process.
Fees and commission (Insurance policies still pay us a commission) – we can use a combination of fees and commission to reduce upfront costs to you.
How much does advice cost?
We charge the same regardless of the product, service or provider we use, therefore you know that we will be putting your best interests first.
What are the disadvantages and advantages of paying by fees?
The advantages of paying by fees are:
- There will be no deductions for commissions from any financial product recommended.
- Any commission paid is usually rebated back into the plan as extra benefits.
The disadvantages of paying by fees are:
- You will have to pay a lump sum, perhaps when you have other demands on your money.
- You will have to pay for our time whether you take our advice or not.
- You will have to pay for further advice and support.
What are the advantages and disadvantages of paying by commission?
The advantages of paying by commission are:
- You don’t have to pay anything up front as the commission will be taken out of your plans charges and spread over time.
- The effective cost to you will be less due to tax relief.
- You will receive continued service and support for the term of the plan arranged.
The disadvantages of commission are:
- There will be deductions from your financial plan or policy for the advisers commission.
Who can benefit from this service?
People have joined our portfolio management service for many reasons. Does this sound like you?
- You want expert advice on how to manage your investment portfolio.
- You lack the time to manage your portfolio effectively yourself.
- You do not feel fully confident in making your own investment decisions.
- You want the performance of your portfolio constantly monitored by independent experts.
- You want to spend less time on the essential task of managing your portfolio so you can spend it elsewhere.
How do I keep track of my portfolio?
You have secure Internet access to your portfolio details and daily valuations. Records of all purchases, sales and deposits in your portfolio (except those undertaken on a regular basis) will also be sent to you in writing twice yearly comprehensive statements will be provided which may assist you with your tax returns.
What can I transfer in?
When you invest in the Portfolio Management Service, money held in your existing investments can be used to fund your portfolio. The majority of fund managers will allow the re-registration of your investments into the service however in some cases there will be a need to sell and buy back your investments. Whichever way your investments are transferred into your portfolio your tax efficient wrappers will remain. Our service is able to accept monies from Stocks and shares, ISA’s, Pensions and Onshore and Offshore Bonds. You can hold all the following investments in your portfolio; all unit trusts, all OEICs, all LSE listed securities, Offshore funds, cash and also other investments such as hedge funds by negotiation.