The majority of IFAs do not disclose their fees online, but when you come to us for financial advice, you can be sure there will be no hidden charges. We pride ourselves on clarity and transparency throughout our service, including all charges associated with the management of your assets.

Our administration, investment and advice costs are ‘unbundled’ so you know exactly how much you are paying. Our standard fees are provided below for your information, however actual costs will depend on your circumstances and requirements and will be agreed upon with you at the start of the process.

Financial Review & Recommendations

We will carry out an extensive assessment of your circumstances at the outset to establish your financial planning requirements.

This will include:

  • Gathering information about existing financial and personal circumstances
  • Understanding your experience and knowledge of financial products, including your attitude towards investment risk
  • Recommending products or asset allocation models that match your risk profile
  • Preparing our recommendations
  • Arranging a second appointment to explain and discuss our recommendations in detail.
  • Our charge for this service is based on an hourly rate as detailed below subject to a minimum fee of £250 which is payable upfront.

Any further fees are payable on implementation or provision of the report containing our recommendations to you.

Hourly Rates:

  • Independent financial adviser - £175 per hour
  • Experienced administrator - £55 per hour
  • General administrator - £40 per hour

Arrangement & Implementation

Should you instruct us to proceed with any of our recommendations we will act for you in the following ways:

  • handle all transactions and administration on your behalf
  • provide regular updates to keep you informed of progress
  • ensure all your documents are issued in line with your expectations
  • provide confirmation of all actions taken on your behalf in writing

Our charge for this service is based on an hourly rate, or if agreed in advance, a percentage of the amount you invest.

Charging Option 1: Hourly rates

  • Independent financial adviser - £175 per hour
  • Experienced administrator - £55 per hour
  • General administrator - £40 per hour

Charging Option 2: Percentage of the amount invested

  • Investments up to £250,000 - 3% of investment subject to a minimum £250
  • Investments from £250,001 to £1,000,000 - 2% of investment
  • Investments above £1,000,000 - 1% of investment

We will issue an invoice within 7 days of your investment going live, which can be either paid directly by you or deducted from your investment. We must receive full payment of the invoice amount within 30 days of issue unless you have elected for our fee to be deducted from your investment.

Ongoing Reviews

We will carry out an extensive assessment of your financial circumstances at the outset to establish your financial planning requirements. Once your accounts are up and running, we offer an ongoing service to ensure your needs are met by any changing circumstances.

Our review service provides:

  • An at least annual review of your investments, including a statement of current values and analysis of investment performance
  • A face to face meeting to discuss any changes in your circumstances or objectives
  • A recommendation to continue or amend the strategy and products held
  • Implementation of any changes

Our charge for this service is based on a percentage of your invested assets, no higher than 1% per annum. Subject to a minimum fee of £250.

We will only proceed with the provision of a review once we have an ongoing service agreement, tailored to your requirements, in place.

Real Client Stories

See how our pricing could work for you

[imageCaption]

We’re having baby!

A growing family looking for financial protection

When new parents Sarah and Paul welcomed their little bundle of joy to the world, they realised (through a sleep-deprived haze) that it was time to refocus their priorities.

They came to Macbeth Scott & Co to discuss how they could really make their savings work and to put life assurance in place – crucial steps to ensure the brightest of futures for their little star.

Planning fees

Following the initial consultation, which is free of charge, we assessed Paul and Sarah’s financial circumstances. We prepared a savings investment plan and proposed a suitable life assurance policy.

Arrangement and implementation

Arranging the life cover policy and setting up the investment took 1.5 hours of adviser time and 2.5 hours of general administration.

Total costs

We helped this family to achieve peace of mind by implementing a secure investment plan and life cover at a total cost of just £362.50.

Operating on this basis reduces the cost of the products, as the industry otherwise loads the premiums to account for payments of commission

Our friendly team is here to support you.

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© 2022

Macbeth Scott & Co Limited is authorised and regulated by the Financial Conduct Authority (FRN 303928). Registered in England and Wales Company No. 01058241 at 3 New Road, Kendal, Cumbria, LA9 4AY.

You can find Macbeth Scott & Co Limited on the FCA register at https://register.fca.org.uk/

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