Prior to commencing an advice practice in 2005, the directors were adamant on one thing in particular – no commission would be received on investment advice. It is felt that a professional financial planning business which invests capital must only be paid by their client’s. No third party payments would be entertained.
In an effort to match this philosophy to their business partners the directors spent 12 months interviewing dealer groups before settling on Godfrey Pembroke who then took this approach nationally in 2006.
A total belief in demonstrating value and commitment to client objectives above all else, then being aligned with receiving fee income directly from those clients, has always been a core principle of the firm. By adopting this approach you can be sure that the advice and service you receive is directly aligned to your objectives – not your advisers.
We have an open, transparent investment fee for advice standard that all clients receive. Information on how those fees are levied is listed below. As all our financial advice is personally tailored, your individual circumstances are always explored prior to a quote being provided.
Our fee schedule has broadly three categories:
1. Initial – Advice preparation and implementation
The first and second appointment cost is absorbed by our office. We provide 1 hour for an initial consultation and information discovery process. If we feel that we can add value to your situation we will set a second appointment to allow us to explore various strategies prior to providing you with a quote to proceed to a financial plan.
The cost of a financial plan and implementation of that advice will depend on individual circumstances. You will be provided with a fixed cost and shown exactly what areas of advice will be covered in this document should you choose to move forward.
2. Ongoing – Service and advice
Should you proceed to implementation of our initial advice recommendations you will be offered an on-going service relationship with our advice team. This offer includes the level of contact and services provided and is accepted on a month-by-month basis. Once again, this cost will be fully quoted and agreed prior to implementation.
Receiving on-going advice is critical to achieving your long term objectives. Nothing in life is certain, so the ability to remain flexible and focused is a key component in our offer. We will ensure your ever changing financial world remains up to date and relevant.
3. Ad-hoc advice
If we are not responsible for managing assets for you then you may not require a pro-active on-going advice relationship. Where appropriate you may wish to receive personal advice on a specific topic only as you so desire. We will charge an hourly fee in these circumstances only.
Please feel free to contact our office should you require further understanding on our approach to your costs.