How we are paid
The value of financial planning
Good financial planning is about much more than choosing investments. It starts with understanding what matters to you and helping you make informed decisions about your money, both now and in the years ahead.
The value you receive will depend on your individual circumstances, priorities and objectives. For our clients, this can include:
- understanding how much they need for the retirement they want
- having a clear picture of their financial position and what their future might look like
- making informed decisions about pensions, investments and other assets
- making appropriate use of available tax allowances and planning opportunities
- planning how wealth can be passed to family and future generations
- avoiding costly investment mistakes and making decisions with greater confidence
- reducing the time and administration involved in managing their financial affairs
- having an experienced adviser to turn to as circumstances, legislation and priorities change
- gaining greater clarity and confidence about their financial future
We believe our fees should be clear and proportionate to the work we undertake.
We will explain and agree the cost of our advice with you before you commit to proceeding.
We asked our current clients which factor they consider to be the most important in their relationship with us, and this is what they told us:
Our fees
Our fees depend on the nature and complexity of the advice required. We will explain the work we recommend and agree the cost with you before you decide whether to proceed.
Initial meeting
Our initial meeting is at our expense, with no obligation to proceed.
It gives us an opportunity to understand your circumstances and what you would like to achieve, and allows you to decide whether you feel Rowley Turton is the right firm to help you.
Initial financial planning
If you decide to proceed, we will normally charge an initial financial planning fee.
This reflects the work involved in understanding your circumstances, objectives and priorities in detail, carrying out the necessary research and analysis, and developing and presenting our recommendations.
The fee depends on the complexity of the work involved and will always be agreed with you in advance. Our initial financial planning fee is typically up to £4,000.
Implementation
In most cases, we do not charge a separate fee for implementing our recommendations.
There are some circumstances where an additional implementation fee may be appropriate, particularly for more complex cases or generational wealth planning, where a significant amount of additional work is required. Where this applies, we will explain the fee clearly and agree it with you before any work is undertaken.
Any implementation fee normally applies only to money brought under our management for the first time. We would not charge an implementation fee on the same money again simply because it is subsequently moved between different arrangements.
Regular investments
We do not normally charge an implementation fee for regular investments, such as monthly investment or pension contributions.
Ongoing advice and reviews
For clients using our Wealth Management Service, we charge an ongoing fee for the advice, financial planning and regular reviews we provide.
This is typically 0.6% a year of the value of the investments we manage and review for you, usually collected monthly. For example, on investments of £500,000, the annual fee would be £3,000.
For larger portfolios, a lower percentage fee may apply.
Unless we agree otherwise, the ongoing fee will apply to all investments and plans that form part of our advice and review service, including arrangements that may have been established before you became a client of Rowley Turton.
Other fee arrangements
For some projects or more complex pieces of planning, we may agree a specific fixed fee with you. Any such arrangement will be explained and agreed with you in advance.
For some insurance contracts, such as life assurance, we may receive commission from the insurance provider. Where this applies, the amount will be disclosed to you in writing.
Most of our fees do not bear VAT. We will tell you where VAT applies.
Depending on the nature of the advice and the arrangements concerned, fees may be paid directly to us or, where available, deducted from the relevant investment or policy.
Where a fee is deducted from an investment, this will reduce the amount remaining invested and may have tax implications depending on your circumstances. We will explain the available options and any relevant implications before you decide how to pay.
Whichever method applies, you will know what our advice will cost before you agree to proceed.
Our awards
Year after year, we’ve been recognised as one of the UK’s leading Chartered Financial Planning firms. Find out more about the awards we’ve won.
"Rowley Turton have provided decades of excellent trustworthy advice, first to my father, then to me and now to my children. I have recommended them to others in the past and would unhesitatingly do so again in the future."
Martin Sigrist
Rowley Turton client since 2015
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