Financial Planning Process
Trusted Financial Advice
Our Services & Costs
Financial & Investment Planning
Services & Costs - Initial
Initial Advice - Financial Planning Stages 1-4
The financial planning service encompasses an initial meeting, identification and agreement of your objectives, subsequent research and presentation of your Financial Plan.
Our typical planning fee ranges between £995 and £4,995. This fee is charged on complexity and a personalised fee agreement will be agreed with you prior to engagement.
Implementation - Financial Planning Stages 5
On acceptance of our recommendations, we will work with product providers to put your financial plan in place.
The implementation fee is charged as 1% of the funds invested. For example a £250,000 investment will lead to a £2,500 fee.
Services & Costs - Ongoing
Our ongoing services are optional. If you agree to an ongoing service, unless otherwise agreed, the service will be provided as a follow up to the initial service. Our Service options are:
Wealth Management Service
This is a bespoke service for clients who have complex financial situations that require more in depth support up and above those covered under our financial planning service.
The cost of this service will be tailored and agreed on a case-by-case basis.
Financial Planning Service
For the majority of our clients who wish to benefit from ongoing advice to achieve their financial goals.
Costs for the ongoing financial planning service are 1% of assets managed by TFA.
Specific Advice Service
For clients who require focused advice or products to deal with particular issues or needs in isolation and do not need ongoing advice.
There is no ongoing fee payable for this service. Future requests for reviews or additional advice will be agreed and charged as and when required.
Download our Services and Costs Disclosure Brochure
Protection Planning
Protection is the foundation of all great financial planning. Where appropriate we’ll identify your needs and make recommendations through stages 1-5.
Providers of protection products can pay us through commissions. Where this is the case we will make you aware of the amount and what it is for. It may be possible to use this to offset your fees for other work. Alternatively, you can pay for your protection advice by way of a fixed fee. In this case your premiums will be reduced for the life of the policy.
Mortgage Advice
Standard Purchase or Re-Mortgage – Typically a fee of £300 is payable when you apply for your mortgage. We will also receive a commission from the lender after the mortgage completes
Product Transfer Mortgages – We offer various options for advice on Product Transfers, from zero cost to circa £300. We will also be paid commission by the lender after the mortgage completes.
Complex Mortgages – Typically a fee of £500 is payable when you apply for your mortgage. Complex cases include Adverse Credit, Debt Consolidation, Equity Release, Self-Build, non-standard housing construction, Portfolio landlords or a mortgage arranged through a limited company. We will also receive a commission from the lender, after the mortgage completes
TFA’s Mortgage Administration service – a fee of £175 is payable when you apply for a mortgage
