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: 2.00% 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.
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.
The Truth About Money service
We charge a £1,000 + VAT fixed fee to produce your financial plan.
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.
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 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:
- Face to face annual meetings
- Your own client portal
- Annual report and discussion about your portfolio performance
- Fund switching, when necessary
- Top ups to ISAs and General Investment Accounts at no additional cost
- Bimonthly topical newsletter
- Easy access to your adviser throughout the year
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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Mark’s advice to us as first-time buyers was invaluable. He was friendly, professional, always contactable and extremely efficient, providing advice about suitable mortgages, solicitor recommendations and life insurance policies. Would highly recommend!
I have known Mark for many years now. Throughout he has been trustworthy and very patient with my questions. Over the years my needs have changed but I can still rely on Mark to find the right product for me. I am very happy with his services.
What could Mark have done better? Can’t think of anything. What were the circumstances that caused you to initially look for an adviser? When I left a corporate company and needed to organise a private pension. How has Mark helped you? In every aspect of my private pension and savings. Have you seen the outcome you were hoping for? Yes absolutely. I would have made some bad choices without Mark’s advice
Mark has provided us with financial advice for many years with particular focus on pensions, ISAs and reducing our inheritance tax liability. We have no hesitation in recommending him.
Mark has been our financial adviser for several years and continues to offer an excellent level of guidance and support. Specifically, he has helped with mortgage and investment advice taking into consideration our long term retirement objectives. We continue to use Mark's services as he understands our financial circumstances and explains how best to achieve our future goals. The advice Mark provides continues to keep us informed and we feel he is always looking at the best strategies to help our investment grow.
I contacted Mark for advice for the best use of an inheritance and my retirement plans. Mark was very informative and explained my options clearly and thoroughly. He responds quickly to any questions and is very customer focused.
Rating & Summary: Overall 5* Advice 5* Service 5* Value 5* What could they have done better? We have been very satisfied with Mark & Templegate Financial Planning's advice so far and thus from our knowledge we cannot really point to any suggestions or improvements What were the circumstances that caused you to initially look for an adviser? Originally we took the opportunity of using Mark sometime ago to re-mortgage and invest some money which worked very well so later on when looking at forthcoming pensions and retirement in general Mark was a natural choice. How has Mark Bastable helped you? Mark has advised us on several Pensions and also our financial position for some time now and will do for the foreseeable future in trying to achieve the best balance for our retirement planning Have you seen the outcome you were hoping for? Mark had evaluated our positions and future aspirations before coming back with advice that should improve further on earlier investments going forward which is something very reassuring.
I highly recommend Mark Bastable. After a detailed Financial Review, he patiently explained my pension options and advised me on tax and inheritance implications. All my emails were promptly addressed, and his responses were clear and easy to understand.
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!!
