Our
Professional Fees
Better understand how we charge and what is involved at every stage of the financial planning process.
You can’t overestimate the value of financial planning in helping you achieve your goals and ambitions. We pride ourselves on being honest and upfront, so we are happy to disclose our fees online.
Before commencing any aspect of our work, we need to agree with you on the services you would like us to deliver and how you will pay for them. You’ll never be faced with surprises, as everything will be explained in jargon-free English at the early stages of our journey together.
Initial consultation
Fee: At our expense
This initial meeting is where we will introduce ourselves and get to know each other better. At this stage, we will agree on your priorities and the appropriate fees before commencing any work.
Initial advice
You can pay for your initial advice fees in two ways: a % of your amount invested, or at an hourly rate.
Lump sum fee: 3% of the first £250,000
Where our advice does not result in a product recommendation, or at your choice, we will charge at an hourly rate. These fees can be deducted from the product (if a product is recommended) or paid directly to Openwork Ltd.
- Hourly charge for advice: £300
- Hourly charge for administration activities: £150
An estimation of the work involved will be provided before any work commences.
Where our advice results in a recommendation to make regular contributions to a new investment, our fee is calculated on the total expected contributions for the first 60 months using the percentage charge above. For example, if you invested £100 per month, the agreed charge would be 3% of the first 60 months contributions.
Includes:
Understanding and analysis
- Identifying your goals and objectives
- Gathering personal and financial information
- Assessing your goals and objectives
- Reviewing any existing plans
- Researching suitable products or services.
Advice and implementation
- Devising an investment strategy
- Selecting an investment provider, if applicable
- Completing any relevant documentation
- Processing and monitoring your applications
Example 1:
Lump sum advice fee
If you invested £100,000 your initial fee would be £3,000
Example 2:
Lump sum staged fee
If the understanding and analysis work took two hours of a financial adviser’s time and four hours of administration, the fee would be £1,200.
This could be in addition to, or form part of, the advice and implementation fee.
Ongoing service
We can provide you with optional ongoing support, where we continually review your arrangements to ensure they continue to match your goals and objectives. We charge you a percentage of your investments based on the level of service you’ve chosen.
Continuous Advice – Regular biennial reviews
0.65% of the funds under management
This service is ideal if you are looking for high-quality specialist advice in a particular area, with no ongoing advice.
Includes:
- Financial planning report or summary
- Access to your adviser to discuss further areas of your financial planning
- Full access to staff
- Regular biennial reviews (every 24 months)
- Regular client newsletter
- Unlimited telephone support
- Client record keeping and file maintenance.
For example: If you invest £100,000 and the agreed ongoing service charge is 0.65%, you will pay £650 per annum excluding VAT. This may increase as the fund grows.
Continuous Advice – Regular annual reviews
1% of the funds under management
This service is ideal if you are looking for a holistic approach to financial planning and require regular feedback and ongoing reviews.
Includes:
- Annual review to discuss goals, changes in circumstances, market updates, cashflow planning and any impacts on your plan
- Financial planning report or summary
- Access to your adviser to discuss further areas of your financial planning
- Full access to staff
- Regular client newsletter
- Unlimited telephone support
- Client record keeping and file maintenance.
For example: If you invest £100,000 and the agreed ongoing service charge is 1%, you will pay £1,000 per annum excluding VAT. This may increase as the fund grows.
The importance
of planning
- A financial plan keeps you focused on what matters most to you and encourages you to work towards a set of life goals
- It enables you to make better use of your money and prepares you for anything that comes your way in the future.
Our Clients
What our clients say
We want you to feel confident about the level of service you can expect from us. Take a look at our recent survey results to better understand how our clients feel.
96 %
Of our clients would recommend us to friends, family or work associates
100 %
Believe working with us has helped to achieve their financial goals
99 %
Were satisfied that we understood their needs, goals and objectives
Copyright © 2024 Bray Wealth
Bray Wealth Management is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority. Bray Wealth Management is registered in England and Wales no. Z304124X. Registered Office at Bray Wealth Management, The Courtyard, 63-65 High Street, Chobham, Surrey, GU24 8AF.
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.
Approved by The Openwork Partnership on 08/08/2023
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