Financial advice should pay for itself, through the positive outcomes that result.
At Lucas Fettes Financial Planning, we aim to provide you with financial peace of mind throughout your relationship with us. This starts with the development and implementation of a personal financial plan that will help you achieve your financial objectives.
Achieve financial peace of mind
Our services are designed to support you through your financial journey, whatever stage you are currently at. They have been trusted by our clients for over 40 years, with many of these individuals remaining with us for a considerable amount of time.
Financial advice should be easily accessible and charges transparent. Therefore, we have priced our services to ensure they provide value for money.
Our charges
Initial and one-off advice
It is important for us to develop a clear understanding of your financial circumstances, goals and aspirations. This will ensure you receive a more personal financial planning service. After a no cost, no obligation initial consultation, if we have determined that we can help you we will set out our services and fees for the work required within a letter of engagement. You must agree before we undertake any work that incurs cost for you.
We will typically charge you a planning fee, which is payable once we have undertaken the initial advisory work and not contingent on whether you implement any of our recommendations. If we subsequently implement recommendations for you, we will charge an implementation fee, this is typically as a percentage of the associated assets. In this scenario, we would offset the planning fee against the implementation fee, so you do not pay both.
Fees can be invoiced to you directly, deducted from your invested assets or a combination of both depending on your preference.
Examples:
We have provided examples to give you some further insight. However, please contact us directly to discuss fees related to other one-off services. Our fees vary dependent on the service you require, and the level of work involved.
Financial plan with cash flow
- £2,000+
Investment advice
- £1,000+
- E.g.*
- Advice and implementation on £50,000 of assets = £1,250
- Advice and implementation on £250,000 of assets = £3,125
- Advice and implementation on £750,000 of assets = £6,875
Inheritance tax planning
- £1,500+
Retirement planning
- £1,500+
- E.g.*
- Advice and implementation on £100,000 of assets = £1,750
- Advice and implementation on £500,000 of assets = £5,000
- Advice and implementation on £1,000,000 of assets = £8,750
*VAT may be payable. Actual fees payable will be based on your circumstances and the work required.
Ongoing advice
Financial planning is a continual process. As such, we recommend an ongoing service to maximise the value you get from this and to keep your financial plans on track.
For those who choose to take advantage of ongoing advice, we seek to support your ongoing financial needs throughout your life. The ongoing services you receive will be determined by service category you are in which are described below. If you wish to receive a service that is not included in your category at any point, you will be able to pay an additional one-off fee for this.
Fees
Our ongoing advice fees are typically payable monthly and can be deducted directly from your investments.
The starting fee is dependent on the services your require from us and the value of assets that we manage on your behalf, which will determine your service category. You will also have the option of either keeping your fee in line with the value of your assets as a percentage or fixing the starting fee which will subsequently be increased each year in line with inflation.
Our service categories for ongoing advice are defined below. These are based upon minimum fees per annum. For more information related to these categories, get in touch.
Up to £600,000
0.6% to 1%
£600,000 to £1m
0.5% to 0.75%
Over £1m
By agreement
Bespoke
minimum monthly fee-
Servicing
-
Opinion
-
Liaison
-
Tax planning
-
Information for tax returns
-
Investment
-
Planning and ongoing suitability
-
Cash flow modelling services
-
Reporting
-
News
-
Records
Comprehensive
minimum monthly fee-
Servicing
-
Liaison
-
Tax planning
-
Information for tax returns
-
Investment
-
Planning and ongoing suitability
-
Reporting
-
News
-
Records
-
Opinion
-
Cashflow modelling services
Inform
minimum monthly fee-
Servicing
-
Information for tax returns
-
Reporting
-
News
-
Records
-
Opinion
-
Liaison
-
Tax planning
-
Investment
-
Planning and ongoing suitability
-
Cash flow modelling services
Examples:
Assets under advice: £900,000
£900,000 x 0.5% = £375 per month starting fee.
This would mean you are eligible for our Bespoke ongoing service.
Assets under advice: £100,000
£100,000 x 0.6% = £50 per month starting fee.
This would mean you are eligible for our Inform ongoing service.
