Unlike many other IFA
firms, we charge fees for our professional services in three areas -
advice, implementation and review.
Any commission from
the purchase of a financial product belongs to you - the client -
and you can decide to use part of it to pay our fees or rebate it to
reduce ongoing product charges.
This
approach removes any potential for bias. We believe that it is
the only way to work with our clients to provide professional
independent financial advice.
Our
project fees for the provision of focused financial advice start
from as little as £650 and are calculated based on value,
expertise, time and risk. We will quote a fixed project fee in the
engagement letter you will receive after our initial meeting, which
is without cost or obligation.
We
give our clients the choice between paying this project fee for
advice as a one-off payment or in twelve equal monthly installments.
For
implementation following advice we
typically charge 2% of amounts invested, but this excludes any money
invested in cash such as deposit accounts or products from National
Savings & Investments.
Our
annual review fee for ongoing service and reporting is typically 0.5% of the assets under management.
All
of these fees can be deducted from the charges on any recommended
financial products or settled directly by invoice. Our fees
are always transparent and agreed with you before we carry out any
work on your behalf.
You
will find more details of our fees in the Client Agreement Letter
found within our new client welcome pack. Complete
our enquiry form here, email hello@icl-ifa.co.uk
or call us on 01483 274566 to request your welcome pack today.
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