Fees

Do I have to pay for an initial meeting?

No. We are happy to offer the first meeting at our expense to establish whether we can add sufficient value to your situation and whether we think we would be a good fit. Thereafter, our fees are straightforward and transparent. You have the choice at each stage of the discussion whether you wish to take the next step with us. There is no commitment to progress to the next stage unless you wish to do so.

What do your fees cover?

You will always know our fees before you make a decision to proceed. We do not hide our costs and we have a transparent charging structure, so you can be sure we are working efficiently for your benefit.

  • Servo Private Wealth’s strategic financial planning fees are non-contingent which means they are not linked to you investing new monies or taking out a new plan or product with us. Our strategic financial planning fees are payable regardless of whether you choose to implement our advice. This supports our aim to offer you holistic, impartial financial planning advice.

Our fees are based wholly upon the provision of our qualified and professional expertise, the time taken to analyse your circumstances and devise an appropriate strategy going forward, the design of an appropriate summary report to communicate this strategy to you, and also takes into account our firm’s exposure to regulatory, commercial and financial risk.

The types of charges we make

There are broadly three types of charges we apply for the provision of initial advice and ongoing advice services. These can be charged as a fixed fee, an hourly rate or a percentage-based fee, depending on what is most appropriate for the situation. There is no charge for plan creation; fees apply only for research and advice as listed below.

New Clients

We charge new clients for building a strategic financial plan

Implementation

We charge an implementation fee for arranging investments

Monthly

We charge a monthly fee for ongoing service

To ensure that you are fully aware of the cost of our services and how and when you will be asked to pay, we will always confirm this verbally and in writing.

Fees for our services are usually not subject to VAT.  If VAT were to apply, we will tell you before we carry out any chargeable work and confirm the amount in writing.

What our fees include

Our ongoing fees include:

  • Annual face to face meetings to review the performance of your investments (that we are authorised for), to make recommendations on any alterations required to ensure that your financial objectives are met and to take account of any changes to your objectives or personal financial situation over time.
  • Ad hoc review meetings as and when changes to your portfolio may be required as a result of immediate or unexpected changes to your individual or family needs and circumstances.
  • Access to members of the team by telephone and email for the provision of ongoing advice, information, and general assistance at all times. This includes assistance in relation to any financial planning issues you may have, even if not directly related to the investment arrangements we have put in place for you.
  • Provision of ongoing administrative services relating to your portfolio, e.g. valuations, additional investments, withdrawals, regular income payments, portfolio realignments, update of personal details, etc. We also keep detailed records for you of all sums invested and amounts withdrawn from your investment portfolio.
  • Personally tailored advice, assistance, and implementation services relating to your ongoing use of annual investment allowances, tax reliefs, and exemptions based on our expert knowledge of the relevant tax legislation and framework.
  • Provision of statements and tax certificates relevant to your investment arrangements as required for the purposes of completing your annual tax returns.
  • Liaison with your other professional advisers, e.g. accountant and solicitor, to provide a fully coordinated service.
  • Regular newsletters to keep you up to date with topical financial planning issues, market developments, legislative changes, etc.
  • Access to your own free secure online filing cabinet and app where you can store all your personal documentation in one place, accessible wherever you are in the world.

Do you charge VAT?

No. At the moment, we are not VAT registered as most of our services are VAT exempt. If this changes, we will let you know.