How we work
Our primary objective is to ensure that you have enough money for the rest of your life to enable you to do the things that you want to do. This is life changing advice ā and hereās how we do it.
Information gathering
Creating your plan
Plan reviews
Ongoing reviews
Step 1
Information gathering
Weāll gather information regarding your existing pensions, savings and investments. Weāll gain a picture of what you spend right now and how you think your spending patterns might change.
Itās also really important to understand what matters to you, the hobbies and interests you have, future life goals and plans you have in mind and how you feel about investment risk.
Step 2
Creating your plan
We will then use this information to put together your lifestyle financial plan. As part of this, weāll use cashflow planning to model different scenarios surrounding your future and your finances, with the aim of empowering you to make more informed decisions.
Watch the video below to understand more about what this is and how it works.
Step 3
Plan reviews
Once we have established the funds that you need to have and to ensure that those will last for the rest of your life, we then need to confirm that your existing plans are āfit for purposeā.
Rather than make an assumption that an existing plan is or is not up to the task of being sufficiently flexible to achieve your objectives, we will examine that arrangement and carry out a thorough plan review.
If we believe that an existing policy will not deliver what you require, or we believe that you need something else to meet your objectives we will advise you accordingly.
Step 4
Ongoing reviews
During investment reviews we will see how you are progressing with the financial plan and whether you remain on track to meet your objectives. We can also update any of your circumstances and fund valuations in comparison with the preceding year.
This will give you complete reassurance as you move towards your retirement, or move into your retirement, that you will still have enough funds for your desired lifestyle.
Any products we have arranged for you will only be kept under review as part of an ongoing service for which you have agreed to pay. We consider our ongoing services to be an important part of our financial planning process. If you agree to purchase an ongoing service, unless otherwise agreed, the ongoing service will be provided as a follow up to the initial service.
Fees and charges
Our primary objective is to ensure that you have enough money for the rest of your life to enable you to do the things that you want to do. This is life changing advice ā and hereās how we do it.
Fees
Initial Charge
Annual Cost
Arrangement |
Monetary Cost |
% Charge |
Frequency |
|---|
|
Financial Lifestyle Plan Inc. Plan Reviews |
Ā£2,200 – Ā£5,000 * |
– |
Initial |
|
Implementation Fees – Putting the recommendation into effect – % charge based on the total amount invested |
Minimum Ā£1,500 |
1% |
Initial |
|
Annual investment review
|
Minimum of Ā£1,750 pa |
0.85%** |
Annual, paid monthly |
|
Twice yearly investment review
|
Minimum of Ā£7,500 pa |
1.0%** |
Annually, paid monthly |
|
Standalone cash flow planning review |
Ā£975 |
Annually, paid monthly |
Initial Charge Examples |
|---|
|
Basic case, implementation of Ā£250,000 |
Total Ā£4,700 |
|
Standard case, implementation of Ā£250,000 |
Total Ā£5,500 |
|
Complex case, implementation of Ā£300,000 |
Total Ā£8,000 |
|
Standalone work quoted in advance |
Total Ā£1,350 |
Annual Cost Examples |
|---|
|
Premier Service |
A Ā£750,000 investment would equate to
Total Ā£7,500 |
|
Foundation Service |
A Ā£330,000 investment would equate to
Total Ā£2,805 |
|
Foundation Service |
A Ā£130,000 investment would equate to
Total Ā£1,750 |
* depends on the complexity
** There may be some specific arrangements with increased costs, and this is typically more complex tax planning arrangements or pension transfers. However, we will always explain and get your agreement to these additional costs in advance. They will be quoted as fixed monetary amounts.
** As this fee is a percentage of the overall portfolio and received on a monthly frequency, it will move up and down in line with the fluctuations of the portfolio as a whole.
Please be aware that there may be discounts for managing assets over Ā£1 million. More details will be given by our financial advisers during any initial meetings arranged where this may apply.
Jenny, Kingsfleet client
The value you receive
You just have to hear from some of our happy clients to understand the value and positive impact our service can have. Here are what some of the people weāve worked with have got to say.
of clients believe that working with us is helping them to achieve their future plans
of people would recommend us to others such as their family, friends and work associates
of clients said that they had already recommended us to others
