Our fees are bespoke and depend on the complexity of the advice and the actual amount of work involved. However, we aim to keep our fees as simple and transparent as possible.
There is no charge for an initial meeting and any preliminary research required to get a better understanding of the work entailed. As soon as we are in a position to make a recommendation we will let you know our fee for full advice and implementation.
We have a minimum initial fee of £800 and our maximum fee is capped at £4,000. Our fee is based on the complexity of the advice and not the size of the initial investment or pension transfer. For simple investment or pension recommendations our fee tends to be at the lower end of the scale and for more complex tax planning advice or multiple investments or pensions advice the fee will increase accordingly.
For ongoing advice and regular reviews we charge an annual fee of 0.5% of the investment amount. For a more bespoke service we charge an annual fee of 0.75%.
Utilising the benefits of technology we can offer investment solutions for ISAs, SIPPs and investments including full ongoing advice with our passive investment solutions for a total annual cost as low as 0.8%. The majority of our clients are happy with this comprehensive low cost solution. However, we do of course also offer tailor made active investment fund solutions aimed at sophisticated investors where the fund management cost will be higher.
Innovative Wealth Strategies can provide advice on most areas of financial planning. However, in some cases specialist advice may be required and we would then refer you on to a suitable professional with in our group of companies either through Financial Solutions or Prydis www.prydis.com. Alternatively we could use our network of connections to put you in contact with someone that can help. If you have existing professional connections we are happy to work in tandem with them. Please note the fees indicated above are Innovative Wealth Strategies' fees and if we need to refer you to another adviser outside of IWS they will have their own charging fees for specialist advice.
