Our Fees.

Initial Consultation.

For all service levels.

We will provide you with an initial consultation with no commitment and at our cost, with one of our qualified Financial Planners, providing an opportunity for you to ask questions and understand our services in detail.

This helps us to understand your financial objectives and we will confirm how we can support you in working towards these. We will also discuss the fees and levels of our service in relation to your own unique circumstances and requirements.

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Fees

Initial Consultation – FREE

Financial Life Planning Service.

Financial Life Planning is a process designed to give you focus and time, to set out and work through your specific life plans. We will:

  • Encourage in-depth conversations, with specifically designed exercises as necessary, to clearly formulate your desired financial life goals, needs and wants. This may require more than one meeting
  • Carry out a full and in-depth analysis, stress-testing and challenging your current financial arrangements, using advanced “Cash Flow Planning” technology. This helps us to establish if you will have enough money to live your life the way you want to, all the way to the end
  • Discuss and agree your individual risk profile and investment strategy
  • Provide a tailored recommendation, addressing any amendments needed to your existing plans and suggestions for any gaps that need filling. This will range fromessential Life and Income Protection through to Pensions and Investment Management
  • Encourage regular reviews, to ensure your plan stays on course
  • Finally move on to the Investment Management Service if applicable

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Fees

Initial Implementation Fee: £1,750 (plus VAT).

On-going review service: £750 (plus VAT) if not part of the Investment Management Service.

Investment Management Service.

Initial Service.

  • This service is only offered after completion of the Financial Life Planning Service
  • Independent advice, provided by your own qualified Financial Planner
  • A comprehensive portfolio recommendation, following advanced research of the Fundsand Products available to you. Full consideration is given to your experience, your tax position, your capacity to suffer falls in the Stock Market, your liquidity and the FSCS limits, amongst other areas
  • A support team to handle initial policy correspondence and administration on your behalf
  • Written confirmation of all actions taken on your behalf, and the reasons why

Ongoing Service.

  • All Investment Management Service clients enjoy a regular on-going service which includes a personal review, at least annually
  • Your current risk profile, capacity for volatility and cash reserves are reviewed
  • Your retirement plans are readdressed, if appropriate
  • Your portfolio will be rebalanced, ensuring it doesn’t drift in to a higher or lower risk band than you want
  • Ensuring full usage of the annual ISA and/or pension allowance
  • Full usage of your annual Capital Gains Tax allowance if appropriate
  • Fresh review of your invested Funds, using Independent Review tools and analysis
  • Source of reference for any financial query

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Fees

Our charge for arranging and setting up your investments is 1% of the amount you invest and/or transfer. These charges are subject to a minimum of £2,500 and a maximum of £5,000.

The previous fee of £1,750 will be offset against any fees for arranging and setting up your investments.

This payment can either be taken from your investment upon receipt by the provider or paid directly by you

Example 1: if we arrange an investment on your behalf for £100,000 our implementation fee would be £1,000. Although this is less than the ‘financial life planning’ fee of £1,750, you fall under the minimum fee. Therefore, you would be charged £750, the difference between the ‘financial life planning’ fee and the minimum fee.

Example 2: if we arrange an investment on your behalf of £750,000, our implementation fee would be £7,500. As this is above our maximum fee, you would be charged £3,250, the difference between the ‘financial life planning’ fee and our maximum fee.

Ongoing Annual Management Fee:
There is a minimum fee of £500 a year. This is based on the value of your investment portfolio (calculated on a daily basis) and is charged as follows:

  • Up to £250,000 sum invested – 1% per annum
  • The next £250,001 to £500,000 – 0.85% per annum
  • Above £500,001 – 0.65% per annum

This fee can be paid by an invoice or alternatively, we can arrange for payment to be taken directly from your investment portfolio. You should note that when paid through the investments it may reduce your personal tax thresholds and/or exemption levels. Where this happens we will discuss it with you and confirm it in your suitability report.

Example 1: if your investments are valued at £30,000, the ongoing management adviser charge would be £300. As this is less than the minimum ongoing service fee, we would charge an additional £200 as the balance.

Example 2: if your investments are valued at £250,000, the ongoing management adviser charge would be £2,500. As this is above the minimum ongoing service fee, no other charges would be applied.

Although tiered, our changed will rounded down to the nearest 0.05%. For example, if your investment was valued at £290,000, your tiered charge would be £2,840 per annum, the equivalent of 0.97%. This would be rounded to 0.95%, making your fee £2,755 per annum.

Financial Advice Service.

The Hansford Bell Financial Advice Service is designed for specific, one-off transactions. As such, no on-going Service is provided.

Initial Service.

  • Independent research, advice and implementation of a specific product
  • Allocated support team to handle initial policy correspondence and administration onyour behalf
  • Written confirmation of all actions taken on your behalf, and reasons why

Annuities and the Open Market Option.

Minimum Initial Research Fee: £1,250

Implementation Fee: 2.5% of the Transfer Value

This fee of 2.5% of the Annuity Transfer Value is payable to include the £1,250 non-refundable Initial Research Fee. You may choose to pay the fee by way of an invoice or by deduction from the Transfer Value, prior to the annuity being purchased. If the fee is taken from the Transfer value, it will affect the life-long income you will receive.

Example: Three Pension funds totalling £100,000 after the Pension Commencement Lump Sum (the tax free cash) is paid, the Implementation Fee would be £2,500. As this exceeds the Initial Research Fee, no further advice fee would be applied.

Protection.

Minimum Initial Research Fee: £500

This fee will be offset by any resulting commission payable. If we set up a protection contract for you, we will normally receive commission from the product provider. You may cancel your plan at any time although you will still be responsible for any outstanding minimum Initial Research Fee not covered by the commission already paid.

Example 1: if we arrange an Income Protection policy, we may receive a commission of £400. As this is below the minimum, you would also be invoiced for £100.

Example 2: if we arrange a Whole of Life policy, we may receive a commission of £750. As this exceeds the Initial Research Fee, no other fees would be applied.

Domestic Mortgages and Commercial Finance.

We will charge you an Initial Research Fee of £99 (plus VAT), which is due on commencement of detailed research.

Should you proceed to application, a further Administration Fee of £200 will be charged to process your application.

Once your Offer Document is issued, a Completion Fee of 0.5%, based on your borrowing amount, will become payable. This would be reduced by any commission received from the Lender, known as a Procuration Payment.

Example 1: For a £200,000 mortgage, an Initial Research Fee of £99 would be charged to undertake detailed research. If you then proceed to an application, a further Administration Fee of £200 will become payable. Once you receive your Offer Letter, a Completion Fee will be charged of £1,000 (0.5%). If the lender does NOT pay a Procuration payment at all, your Completion Fee will be £1,000 and an invoice will be sent to you.

Example 2: For a £200,000 mortgage, an Initial Research Fee of £99 would be charged to undertake detailed research. If you then proceed to an application, a further Administration Fee of £200 will become payable. Once you receive your Offer Letter, a Completion Fee will be charged of £1,000 (0.5%). If the lender pays a Procuration Payment of £750, your Completion Fee will be reduced to £250 and an invoice will be sent to you.

Equity Release & Lifetime Mortgages.

We will charge you an Initial Research Fee of £99 (plus VAT), which is due on commencement of detailed research.

Should you proceed to application, a further Administration Fee of £795 will be charged to process your application. This will be charged in addition to any commission received from the lender, known as a Procuration Payment.

Example: For a £200,000 lifetime mortgage, an Initial Research Fee of £118.80 (£99 plus VAT) would be charged to undertake detailed research. If you then proceed to an application, a further Administration Fee of £795 will become payable. If the lender pays a Procuration Payment of £750, Hansford Bell will receive this in addition to the fees charged to you. This fee is not refundable against any fees charges directly to you.