What will you have to pay for our services
Independent Financial Advisers
Having outlined the services we can offer you, we now turn to the costs which will be involved.
If you instruct Regency to act on your behalf, there is a cost for our services and you will be required to sign a copy of our Service & Fee Agreement.
You can choose to pay our fees directly by cheque or bank transfer or they can be facilitated by your platform or product provider.
Our fees can be broken down into two categories:-
(i) Initial fee for the initial analysis, report and implementation of the specific project(i) Initial Fees
(ii) ongoing management, review and supervision fee
We will quote you a fixed initial fee for the specific project incorporating the initial analysis, report and full implementation.
Our standard fees are set out in the following table:-
|£50,000 (minimum) to £100,000||3%|
|Next £150,000 to £250,000||2%|
|Next £250,000 to £500,000||1.5%|
|Next £500,000 to £1,000,000||1%|
|Funds above £1,000,000||Up to 1%|
All our new business project fees are subject to a minimum charge of £750.
If you decide not to proceed with our recommendation we will charge a fee for the work undertaken up to and including any report submitted to you. A list of typical charges is shown below:-
|Pension Transfer Analysis Report||£750-£2,000 depending on complexity|
|Arranging an Open Market Option Annuity||1.5% of funds applied (subject to a minimum of £750)|
|Initial Financial Planning Health Check||£2,000|
|Inheritance Tax planning report and advice||£1,000|
|Full Retirement Options Report||£1,500 minimum|
The fee for regular monthly premium investments (including pensions) will be subject to minimum fee of £500 and a minimum premium of £200 per month.
|For Insurance Plans (with no investment content)
Where our advice is to implement Term Assurance, Critical Illness, Income Protection or Whole of Life cover, any commission received from the Insurer will be used to cover product advice and implementation costs, subject to a minimum of £750.
For Mortgage and Debt Related Lending
Any fees received by the lender will be used to cover the research and implementation costs, subject to a minimum of £750. Any difference will be chargeable.
(ii) Ongoing Management, Review and Supervision Fee
We recognise and understand that not all clients require the same level of service and therefore offer four distinct levels of service.
We will agree an appropriate service level with you and this will be confirmed in writing. In return for this level of service, we will charge an ongoing management, review and supervision fee.
You may choose to pay this fee directly or it can be levied from your investment or pension portfolio.
|Service Level||Funds under Management||Service Fees||Minimum Annual Fee|
|Premier||£300,000 +||Up to 0.75%||£2,000|
|Executive||£150,000 - £300,000||0.75%||£1,200|
|Select Plus||£100,000 - £150,000||0.75%||£750|
|Select||&£50,000 (minimum) - £100,000||0.5%||£250|
Since our fees are based on a percentage of your portfolio, you can be assured that our interests are aligned.
Regency Investment Services Ltd is not currently registered for VAT.