How we charge
Not many financial advisers publish their fees on their websites. We do, because we believe in being transparent about how we charge for the work we do.
We also completely believe in the value we provide to our clients. In fact, research published by the International Longevity Centre UK (ILC) shows that those who receive professional financial advice boost their wealth by an average of £47,000*
Our clients have also told us how much they appreciate our advice and guidance – just take a look at their testimonials below.
We can offer a planning only service, without the requirement to take ongoing advice. However, we can provide the best value to those clients who choose to work with us over the long term.
* ILC Report: Peace of mind: Understanding the non-financial value of financial advice, written 16/11/2020.
Below are details of how we charge for each step of your journey with us:
1. Discover
The first step is to find out how your journey might look! We’ll discuss your financial objectives and goals, uncovering your priorities and timelines for achieving them. Where we are considering your investment needs, we’ll discuss your attitude and experience of investing, as well as the level of risk you can afford to take.
If you are interested in finding out whether your financial life plan is on track beyond retirement — and in answering the biggest question of all, ‘How much capital is enough?’ — then we can talk about our Truth About Money service, listed under our Additional Services menu.
Our charges
There is no charge for this step of your journey. All of the time we invest at the ‘discover’ stage is entirely at our expense.
2. Research & advice
With the information we have obtained from the ‘discover’ stage, we will create a plan which aims to achieve your financial goals, and investigate which products will be most suitable for your needs. At this point, we will agree on the initial and ongoing fees required to deliver your plan.
If you engage us for our separate Truth About Money service, we will work together to establish how close you are to funding the lifestyle you desire beyond retirement and, more importantly, what you can do to correct any shortfall.
Our charges
Investments and Pensions, Option 1: A percentage(%) of the amount invested.
Please note that these are maximums for each tier, which means actual charges will be case dependent and probably lower.
£0 -> £250,000: between 1.0% and 2.0%. Maximum charge £5,000
£250,001 -> £500,000: 0.75% Maximum charge £1,875
£500,001 -> £750,000: 0.50% Maximum charge £1,250
£750,001 -> £1,000,000: 0.25% Maximum charge £625
Over £1,000,000: 0.0%
The overall charge in this example would be £8,750 and assumes the maximum charge has been applied to each tier.
These fees can be paid to us by you directly, or can be deducted from your investment by the product provider.
Investments and Pensions, Option 2: Per hour.
We will provide you with a bespoke estimate of the time required before we commence any work and will not charge for any further work unless agreed with you. The charge is £250 per hour, (no VAT when we act as an intermediary between a client and a product provider).
The time taken to undertake the work will depend on the complexity of the advice. For instance, a single ISA recommendation will typically take 4 hours and an inheritance tax solution or multiple pension transfers involving several recommendations will typically take 20 hours.
Investments and Pensions, Option 3: Fixed charge.
We will confirm the fee amount once we have scoped the task and amount of work due. Mimimum £1,000.
Mortgages
There is usually no charge for this step of your journey. However, we do reserve to right to charge an initial fee at this stage for more difficult cases.
Equity Release Mortgages
There is usually no charge for this step of your journey. However, we do reserve to right to charge an initial fee at this stage for more difficult cases.
3. Implementation
We recommend and implement your strategy after explaining it to you. We will assist in the completion of any relevant paperwork, ensuring the documentation is processed as quickly and efficiently as possible.
Our charges
Investments and Pensions
There is no charge to you for this step of your journey. All of the time we invest at this stage is entirely at our expense.
Residential and Buy to Let Mortgages
There is usually no charge for this step of your journey, but we do charge a minimum of £1,000 when you receive your mortgage offer. Our minimum total earnings must be £1,500, some of which we will receive as commission from the mortgage lender. You will be notified of this when we provide you with the mortgage illustration, before a mortgage application is made.
Equity Release using Lifetime Mortgages
There is usually no charge for this step of your journey, but we do charge a minimum of £1,000 when you receive your mortgage offer. Our minimum total earnings must be £1,500, some of which we will receive from the mortgage lender. You will be notified of this when we provide you with the mortgage illustration, before a mortgage application is made.
The Truth About Money service
We charge a £1,000 + VAT fixed fee to produce your financial plan.
4. Ongoing service
We build long-lasting trusted business relationships with all of our clients. Whilst optional, we recommend that you continue to work with us to review your investment and pension planning on a regular basis, to ensure that they match your changing goals and objectives.
Our charges
Investments and Pensions
We typically charge 1% of your total funds under management per annum for this service, (lower for investments exceeding £500,000). These fees can be deducted from your investment by the product provider, or paid to us by you directly.
This service includes:
- Regular meetings
- Your own client portal
- Annual report, including a discussion about your portfolio performance and ongoing appropriateness of the product(s)
- Fund switching, when necessary
- Top ups to certain products at no additional initial advice cost
- Bimonthly topical newsletter
- Easy access to your adviser throughout the year
- Unlimited questions
Mortgages
There is no ongoing fee paid to us.
Lifetime Mortgages
There is no ongoing fee paid to us.
Please note that we do not charge VAT for our services where we act as an intermediary between you and a product provider.
Fee Examples
If you would like to find out how we can help you to plan for today, tomorrow and the unexpected, why not get in touch?
Helping you plan for today, tomorrow and the unexpected
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I have been using Templegate Financial Planning Ltd for investment and pension advice many years. They have just advised and moved several pensions into a drawdown account for me, all the years working and paying pensions are now coming to fruition. There was a lot of research and work in moving the pensions over, Templegate kept me informed and guided me through all the documents needed. The use of a secure portal was used for for all the communiction, so I felt safe throughout the whole process. I trust the advice and impatiality of Templegate Financial Planning Ltd and will continue using their services into the future. Would we recommend using the services of Templegate Financial Planning Ltd? An unreservedly big Yes!!
“What could they have done better?” Nothing at this stage. “What were the circumstances that caused you to initially look for an adviser?” Reached my early 50’s having taken no financial advice, so initially looking for an initial health check on pensions and some investment advice going forward. I was keen to establish a ‘retirement plan’ with a realistic timetable to make some sensible financial decisions. “How has Mark Bastable helped you?” Pension transfers and fund advice. ISA selection and discussion on wider investment choices that are available. Informal advice around tax planning and given me some encouragement to think about IHT planning in years to come. “Have you seen the outcome you were hoping for?” Yes definitely. Marks advice has prompted me to finally start to think seriously about a retirement strategy and beyond.
Mark began advising my wife and me a few years ago, and we’ve been thoroughly satisfied and confident in both his advice, guidance and approach ever since. What stands out most is his ability to help us make sense of what is, to us, a very complex financial world. Our needs have mainly centred around general investments, pensions, and long-term planning. More recently, we inherited a range of offshore and onshore bonds spread across several investment houses. We had little idea what they truly comprised or how best to manage them. Mark went out of his way to produce a clear, thoughtful, and detailed report that broke everything down: what the bonds were, how they were structured, what actions we should consider, and the tax implications of each option. His ability to translate financial jargon into plain English made the whole process understandable and manageable. He has a personable, patient manner that makes conversations easy and productive. We always walk away feeling more informed and far more confident than we ever expected to. I’d happily recommend Mark to anyone looking for clear, trustworthy advice in the often-confusing world of finance.
I used advice from Templegate Financial Planning to prepare for retirement, move into drawdown, and recently to purchase an annuity. Mark proactively advised me as government legislation changed the financial landscape, making it desirable to reduce the size of my estate. He clearly laid out the various options. When I chose to purchase an annuity, I used his services to select the best provider and set it up. I have found Mark to be proactive, knowledgable and thorough, and his fees to be very reasonable.
I chose Templegate after managing my mother's estate via a large financial company for many years whose service was consistently underwhelming. Templegate's assessment of the financial position, and implementation of the changeover was quite complex and took quite a while to achieve, but I received a good personal service, thoroughly researched and at a lower cost than the previous company. I look forward to being able to receive personal advice for my mother's changing needs instead of a short annual telephone review that was offered under the previous company.
Stewart said, in answer to these questions: 1. What could they have done better? “Nothing he was very good.” 2. What were the circumstances that caused you to initially look for an adviser? “I had pensions that I felt needed managing as I am not financially savvy.” 3. How has Mark Bastable helped you? “Managed my pensions and finally got me a good deal on an annuity.” 4. Have you seen the outcome you were hoping for? “Yes.”
Mark has provided me with financial advice for many years and recently has conducted a full pension review which led to moving funds to a new company resulting in a more modern and easy to access account that really suits my needs. Mark is very responsive, pro active and answers all questions in an easy to understand manner. Highly recommended!
Feedback from Steve to questions asked: What could they have done better? Nothing. What were the circumstances that caused you to initially look for an adviser? Pensions and ISA advice. How has Mark Bastable helped you? As above plus wider discussions around sensible financial planning and what expectations I should have form my current financial position. Have you seen the outcome you were hoping for? Yes. I am happy with the pension advice and ISA recommendations over the last 3 years.
I would highly recommend Mark Bastable of Templegate Financial Planning . He will give you solid advice that will definitely benefit your future finances. Everybody has different needs and plans , my ideas and my circumstances were certainly different from any other of his clients. However Marks strength is that he will listen very carefully then make suggestions that are more suitable to you personally. Giving a true tailor made service. His response time is remarkable, he always replied to my many, many questions instantly.
I met Mark a little over a year ago to hopefully take over my pension management from another Financial Advisor. I found Mark to be extremely thorough, pulling information out of me I didn’t realise I knew. The upshot is a Financial Advisor who has kept me on the straight and narrow, helping me to maintain value but meet my needs. A timely intervention recently when market values dipped helped to limit my fund being unnecessarily reduced allowing it to return value over recent months. Mark is on the ball and very helpful.
I highly recommend Mark Bastable. After a detailed Financial Review he patiently explained my Pension options as a couple of my pensions from previous employments were old and needed more further financial investigation. I found Mark to be professional, knowledgeable but also very personable and easy to communicate with. I am continuing to use his services for future investment advice.
We’ve had a great experience working with Mark. He has always given us clear, straightforward advice and taken the time to answer all of our questions, making sure we fully understand our options. He’s helped us save money by finding policies that genuinely match our needs, rather than a one-size-fits-all approach. He has improved our joint life insurance policy, improved our personal sick pay policies, and set up my pension as a stocks and shares ISA. He has also taken the time to discuss the importance of a will with us. We feel confident knowing our finances are well organised and in good hands.
