We believe financial advice should be simple, transparent and easy to understand.
Before we make any recommendations, we’ll explain exactly what our fees are, what’s included, and whether our advice is right for you.
We offer free initial consultations and there is no obligation to proceed following this.
Initial setup fee of 1% of the amount invested, capped at a maximum initial fee of £2,500* i.e. no charge on any amount over £250,000 within any 12 month period.
Plus we charge an annual servicing fee of 0.5% of the amount invested, which increases to 0.65% when income is being taken.
We reserve the right to charge a minimum fee of £500 in certain circumstances.
For the purchase of a property within a pension fund (such as a SSAS or SIPP), our fees are:
Trusts must be registered with HMRC – this can be dealt with directly by the lead trustee at no additional cost or we can offer an outsourced trust registration service for £250 per trust.
Our fee for a Retirement Annuity Purchase is 1% of the fund value (minumum Fee £1,000)
*Initial fees may be higher and the cap on charges may not apply to very complex cases such as trust involved investments over £1m, where additional charges may need to be discussed and ongoing servicing fees on investments over £1.5M may be reduced dependant on client requirements.
According to Which? 16/10/2024 – The Financial Conduct Authority (FCA) says advisers charge an average of 2.4% of the amount invested for initial advice and 0.8% a year for ongoing advice.
To understand more about the different pension and investment fees click here
– We treat couples as a single entity in regard to the initial fee cap.
– We will only charge an initial fee once on monies that we look after for you. ie we will not charge you an initial fee a second time if we feel it is necessary to move the funds to a new provider at some time in the future.
Should you wish to understand the detail of the various additional types of business that we advise on, not mentioned above, or your requirement is specialised in some way, please contact us and we will advise you of the costs.
No — your first consultation is completely free. During an initial consultation we will discuss your current needs and goals, as well as answering any questions that you might have.
Only if you choose to proceed with our recommendations. The exact timing will be clarified by your adviser.
In some more complex cases, additional charges may apply, but these will always be discussed with you in advance.
Looking for trusted financial planning, investment advice, pension guidance or mortgage advice? Our team is here to help you make informed financial decisions with clarity and confidence. Arrange an initial consultation with one of our advisers today.
Whatever you’re looking for, Veracity Financial Planning has got you covered.
2b Thackeray’s Lane,
Woodthorpe,
Nottingham,
NG5 4HP
For Pension & Investment advice email:
financialadvice@veracityfp.co.uk
For Mortgage advice email:
mortgageadvice@veracityfp.co.uk
0115 967 0888
