FEES
S D Greenway Ltd are happy to explain our fees, as we are proud of how they measure. We compare favourably because we are a boutique, specialised practice with limited spaces.
It has been several years since we have encountered anyone offering cheaper rates for the same expertise and service.
Our business income derives from three sources, these are in no particular order;
One is the Initial Fee in consideration of the initial tranche of work for new clients. The dearest initial fee is capped at 2% for the most complex cases.
Two is the ongoing service fee received from existing clients. The rate of which will be quoted to you at our first meeting, dependant upon your stage in life and work that will be required
Three is commission which we may receive from certain product providers (usually life insurance or mortgages - these are a genuine thank you from a provider for placing a client with their company, you cannot obtain the product cheaper direct).
The main drivers of the FCA Consumer Duty directive, is the regulator's wish for adviser firms to charge clients for services provided, rather than for the sale of a product. We couldn't agree more! We are an adviser firm that gets paid for advice.
We regularly review our fees to ensure we are offering fair value.
You may see us as often as you need, as we operate a trusting business model for all parties not to take advantage of any particular term.
As ever, a balance needs to be made and if you followed the principle mentioned above to the granular level, then the most vulnerable clients would have to pay more and thus be disadvantaged.
We use a more common sense approach with our clients. There will be a time when you need us more than usual, usually at point of drawdown or a death. We would not charge more for those circumstances.
We will agree client terms at the first meeting to commence work on your behalf. With your permission, we will then research and make recommendations to suit your case.
Your signed client agreement contains all of the fee terms and conditions for your reassurance.
The investment or pension provider may deduct our fees alongside their own from the policy, however you may choose to pay via cheque or BACS if preferred.
Defined Benefit Final Salary and Career Average Salary pension reports are provided to individuals for a fixed fee of £300 - (Valid for divorce, inheritance and retirement planning) This applies for occupational policies in force or held with a past employer.