Review Services
Financial Advisor in Belfast - Ongoing Review Services
Financial Planners in Belfast - choice of review services
Our clients have a choice of the following ongoing review standards:
| Service | Standard AUM* to £500k or income to £50k p.a. |
Premium AUM* £500k-£1m or income £50k to £150k p.a. |
Executive AUM* £1m or income over £150k p.a. |
|---|---|---|---|
| Annual Review - we will review your financial situation with you once a year | Yes | Yes | Yes |
| Interim (six-monthly) Review - we will perform an interim review in between the annual ones | No | Yes | Yes |
| Annual Client Seminar - generic - you will be invited to an annual seminar in Belfast | Yes | Yes | Yes |
| Annual Boardroom lunch & tax mitigation presentation | No | No | Yes |
| Quarterly newsletter - delivered by post or e-mail as you prefer | Yes | Yes | Yes |
| Telephone, face-to-face and e-mail access to your adviser between review dates | Up to 1 hour** | Up to 3 hours** | Unlimited |
| Professionals - liason with your tax and legal advisers or recommendation of appropriate professionals to you as the need arises | Yes | Yes | Yes |
| Portfolio Construction Service - preparing appropriate investment recommendations in light of your attitude to risk and financial objectives | Yes | Yes | Yes |
| Portfolio Management Service - reviewing your investments to make sure that they continue to meet your needs | Annually | Half-yearly | Quarterly |
| Priority Response Service - rapid response to queries - within 24 hours where possible - weekends excepted | No | No | Yes |
| Remove the Hassle Service - we will review any documents that you receive relating to financial matters and advise whether or not you need to take any action | Yes | Yes | Yes |
| Second Opinion Service - we will make ourselves available to consider new ideas from whatever source they may originate | No | Yes | Yes |
| Inheritance Tax & Estate Planning Service - calculation of your current liability and identification of steps that can be taken to mitigate your tax liability on death |
Calculation Only |
Yes | Yes |
| Tax Planning Service - in conjunction with your other advisers - co-ordinated planning to mitigate your liability to all taxes, where possible and consistent with your other objectives | No | Yes | Yes |
| Pensions Service - advice & review - an independent evaluation of existing and new pension arrangements to identify any potential shorfalls in your retirement income and opportunities for simplification | Yes | Yes | Yes |
| FEE FOR THE ABOVE SERVICES | £75/mth | £125/mth | £225/mth |
Key:
* AUM = Assets Under Management i.e. the total value of your assets that we advise on.
** Additional work, if requested will be charged on an hourly basis.
Bespoke Financial Planning
We offer a bespoke financial planning service so clients can choose any of the above options. Some clients prefer to have a higher level of service - this is not a problem - they simply pay the difference in cost, which can be done on a monthly/annual basis.
We also offer the option of paying our fees by credit/debit card.
Wrap Accounts/Fund Supermarkets
We use wrap accounts or fund supermarkets for most of our clients' investments and pensions where possible. For those of you not familiar with this concept the following comparison may help - if not, please let us know and we will try harder!
When shopping, you can go to a supermarket or go to individual shops. Wrap accounts/fund supermarkets are a bit like supermarkets for your investments and pensions - you can buy most things in a supermarket and you can easily see, by looking at your trolley, if you've got all of your shopping or not.
From our point of view as advisers, we can have a look in your trolley to see if you could have a better product for the same money, or one just as good for less money. This is how it is with wraps. They may cost a little more than individual holdings, but the benefits, for many, easily outweigh the disadvantages. Also, if things need to be changed, the costs are usually far less than changing providers completely. Fund supermarkets have reduced their costs substantially recently and one major provider now charges just under £52 per annum on top of the usual fund charges - well worth it, in my opinion. I use it myself.