OUR FEES
At Brady Financial Planning we offer our clients the best quality of advice and service at a lower cost. There is no catch, we simply trim costs through a combination of modest advice fees, efficiency, and common sense.
HOW WE BRING DOWN THE COST OF ADVICE
Whilst we offer a lower cost service, this doesn’t mean we cut corners or the advice we provide is any lesser than other firms. In fact, we believe our clients receive a better quality of advice and service than offered by typically more expensive advisory firms.
There is no catch, we simply trim costs through a combination of modest advice fees, efficiency, and common sense.
Cutting costs requires reducing charges in three key areas: advice, portfolio, and platform charges. We choose whichever is most cost effective for you, often saving a small fortune in the process.
We can also provide lower advice fees by keeping our overheads low.
Working remotely which is far more time and cost effective for everyone and having a good work ethic using advanced IT systems to help us work efficiently.
Our advisers will be paid a modest salary and we are prudent about what we spend to run the business.
We will always use our time wisely, constantly looking at ways to improve our processes and client outcomes.
With investing and planning for your retirement, there are no hidden costs. Services included are implementation of advice, topping up investments and switching funds/platforms.
Our initial fee includes all the work necessary to produce and implement our advice. Topping up investments is a routine part of our ongoing service and is covered by our annual fee, as is the switching of funds, where appropriate to optimise performance.
Initial Fee:
Annual Fee:
1% (Min £500 - Max £5,000)
0.7% (subject to minimum £500 per year)
INVESTMENT ADVICE FEES
Example 1 : if we arrange investments on your behalf totalling £100,000 our Policy Arrangement & Implementation fee would be £1,000 (1% of assets invested). The total fee payable would be £1,000.
Example 2 : if we arrange investments on your behalf totalling £750,000 our Policy Arrangement & Implementation fee would be £7,500 (1% of assets invested). As this exceeds our charge cap, we would reduce the fee in line with our maximum charge so the total payable would be £5,000.
MORTGAGE & INSURANCE ADVICE FEES
Mortgage Fees:
£195 for a Regulated Mortgage
£695 for an adverse credit mortgage or Lifetime Mortgage
Insurance Fees:
We do not charge a fee for our General Insurance and Protection services as we will normally receive commission from the product provider.
YOUR COST SAVINGS
Few financial advisers and wealth managers openly publish their fees, but an FCA Report established average upfront advice fees of 2.4% and annual costs in excess of 2%.
Costs can make a big impact to investment returns, as per the example below, and unlike your investment, costs are firmly under your control.
We view higher costs as good as putting your money in someone else’s pocket, and that is not our objective. Spending time to ensure good cost decisions now is likely to be time exceptionally well spent and the benefit over time could run into thousands of pounds.
