This level of service is offered to clients who have a more complex financial
situation than the Classic level would address and would probably appeal
to clients earning in excess of £60,000 per annum or assets above
£200,000 (excluding their main property). Executive service clients
will probably find that their time is at a premium and would like to access
their financial information at a single reference point.
In order to benefit from this service, clients agree to pay a monthly
fee of £80 plus VAT, which will remain at this level for one year.
After this time, this fee will be increased by the Retail Price Index
or, alternatively a new level of service could be chosen.
For clients who enter at this level, the service includes the following:
- An initial meeting designed to create a picture of you, (and your
family, where applicable). At this meeting we will establish your life
goals, along with your current financial situation. We will also seek
to determine your attitude to life and investment risk and consider
what assumptions we will make when we draw up your financial plan.
- We will then prepare your financial plan, highlighting areas which
need attention. These could be:
- Contingency planning
- Investment planning and strategies
- Tax aspects (Income tax planning, IHT planning, CGT advice)
- Planning for retirement
- Scenario profiling
- Advice on commission free financial products
- The final report will then be discussed with you at a second meeting,
or alternatively, sent to you and discussed with you via a telephone
conference. We will explain all our recommendations to you and give
our reasons for them. At this stage any last minute changes will be
addressed and incorporated into your plan.
- A potential further meeting to explain product literature, where applicable
- Subject to your approval, we will then act as your agent to implement
your plan (or parts of it). Please note that additional fees are chargeable
if you wish us to execute any product purchase for you (See below)
- A quarterly news letter by e mail and access to our website.
- Quarterly distance reviews on your plan with subsequent reporting
to you (e.g. value of investments)
- One point of reference for your financial details
- Access to a member of the Quest team during business hours for individual
support and help. Such help and access can be via telephone or e mail.
- Two meetings per year (including the initial meeting), not necessarily
face to face, to discuss and review your plan.
- Half Yearly rebalancing of your portfolio
- Monthly investment report
There may be occasions where you ask us to act for you for services
which are not included in the Executive service. In these circumstances
additional fees will be chargeable. In accordance with our beliefs and
values, we believe it total transparency and clarity when it comes to
our fees. We do not charge commission, either at initial stages or subsequently
as `trail’ commission. Our aim is to make a profit out of our business
but not pay massive bonuses and sales incentives. We get paid for what
we do, not what we sell!
Our range of fees is as follows:
| Transaction |
Our
fees
% |
| Basic Investment transactions without advice |
0.5 |
| Basic Investment transactions with advice |
2.0 |
| Advising and/or arranging basic pensions |
2.0% |
| Offshore investments (with advice only) |
2.5% |
| Complex investment transactions with advice |
2.5% |
| Retirement Planning with advice (Income Drawdown, EPP) |
3.0% |
| Arranging pension transfers |
3.0% |
| Tax Planning (% of tax saved) |
3.0% |
| Completion of tax returns |
£125 |
| Financial Planning (outside of the service level you choose) |
£150 per hour |
| Administration, valuation and support |
£40 per hour |
In addition to the above, there may be situations where you wish us
to carry out specific projects for you, such as pension transfer review
and report. These projects involve a great deal of additional work and
as such we must charge a flat fee for such work. We will tell you before
we start work so that you know exactly the level of your obligation to
us. Alternatively, you may also ask us not to exceed a certain amount
without checking with you first.
|
