Our Fees
Terms Of Business
Verus works with all clients on a fee-basis and our fees are dependant on the nature of the work being carried out. If initial commission is available from a financial product, clients are given the option to:
- Offset the commission against our fee(s);
- Reduce the product charges;
- Increase the investment amount; or
- Have the commission refunded (in certain circumstances).
All our fees will be agreed with you in advance of any work being carried out or any planning taking place and will be confirmed in writing. We will also inform you if VAT is payable.
Hourly Rate(s):
Our fees for Comprehensive Financial Planning and Focused Financial Planning are based on the following hourly rates:
| Service | Hourly rate |
|---|---|
| Chartered or Certified Financial Planner (Rate dependant on nature of work) | £150 - £250 |
| Financial Planning Support | £100 |
| Administrator / Client Support | £60 |
Comprehensive Financial Planning Fees
Our fee structure is linked to the value of your investment portfolio and is based on the time that we know is involved in delivering this premier service and the value we believe we will add to your personal and financial position:
1. Initial Planning Fee
This is typically 1.00% of the value of your investable assets being advised on subject to a minimum fee of £1,500.
2. Ongoing Planning Fee
Ongoing comprehensive financial planning & wealth management is charged as follows, subject to a minimum fee of £1,500 per annum:
| Assets Under Advice (AUA) | Annualised (Maximum) |
|---|---|
| First £500,000 | 1.00% |
| Next £500,000 | 0.60% |
| £1mn to £2mn | 0.40% |
| £2mn to £5mn | 0.20% |
| Over £5mn | 0.10% |
Initial planning fees and ongoing planning fees do not include custodian fees or management fees charged by 3rd party fund managers. Fees are for Comprehensive Financial Planning & Wealth Management
Focused Financial Planning
Focused Financial Planning fees are based on our hourly rates and fees will be dependant on the nature of the work being carried out. Examples are as follows:
| Service | Fee |
|---|---|
| Lifetime Cash-flow Planning | From £500 |
| Insurances and regular contribution savings plans | From £500 to advise and arrange a product or plan |
| Lump sum Investments, including pensions | Initial: up to 3.00% of the amount invested, depending on the investment value, plus Ongoing: from 0.50% per annum of the value of the investment, subject to a maximum of 1.00% depending on the investment value. |
| Mortgages | £750 minimum, which would be off-set by commission from the lender. |