Verus Chartered Financial Planners
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Our Fees
Terms Of Business
Verus works with all clients on a fee-basis and our fees are dependant on the nature and the complexity of the work being carried out. All our fees will be confirmed in writing and agreed with you in advance of any work being carried out or any planning, advice and recommendations taking place. We will also inform you if VAT is payable.
If the service we provide you results in the arrangement of a financial product(s) and/or investment(s) and intial commission is available from the provider of that financial product or investment, you will be 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).
Hourly Rate(s):
The fees for all of our services 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 |
Initial & Ongoing Planning Fees
The following fees for service do not include fees charged by product providers or by 3rd party fund managers.
Wealth Management
This is typically 1.00% of the value of your investable assets being advised on subject to a minimum fee of £2,500 e.g. For investable assets worth £250,000 the fee would be £2,500. Please refer to table below for our Ongoing Fees.
Investment Consulting
This is typically 1.00% of the value of your investable assets being advised on subject to a minimum fee of £1,000 e.g. For investable assets worth £100,000 the fee would be £1,000. Please refer to table below for our Ongoing Fees.
Comprehensive Financial Planning
This is subject to a minimum initial and ongoing fee of £1,500.
Ongoing Planning Fees
| 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: This will typically be 0.5% per annum but depends on the total value of the assets under our advice e.g. for assets worth £100,000, the fee would be £500. |
| Mortgages | For mortgage business we offer a range of fees/charges. For example a minimum fee of £750 may be charged on confirmation of the offer to advise, recommend and arrange a suitable mortgage product. If you choose this option we would refund to you any commission we earn from the lender. |