The Cosgrove Partnership LLP
Financial Planning with You in Mind
Our Fees
We are keen to make sure that our charges are clear to understand and offer fair value to our clients.
At the start of our journey we offer an initial meeting at no cost to you. This allows us the opportunity to get to know and understand your objectives. Once we have a good understanding of your requirements, we can then start looking at making specific recommendations regarding your financial plan.
Importantly, we will not undertake any work without your approval.
Initial Advice
We will gather information about your circumstances and needs; we may need to liase with your existing pension and investment providers, and we will provide a detailed report outlining our recommendation.
In recognition of the time and expertise involved in the preparation of your report we will ordinarily charge you 1% of the investment value subject to an overall minimum fee of £1000, and a maximum fee of £7500.
For example, if you were to invest £200,000 your fee would be £2,000
Ongoing Advice
We offer 2 levels of ongoing advice if that is what you require:
Essential – For clients with less than £150,000.
Offer of a telephone meeting once a year to review your requirements, and to arrange any products that may be required. Annual valuation report and telephone assistance - suitable for a client that does not require detailed reviews, has simple financial planning needs or has smaller investment portfolios, where detailed advice would not be effective.
Preference – For clients with over £150,000 invested.
Offer at least an annual face-to-face review of your investments, and to arrange any products that may be required. Annual valuation, risk assessment and rebalancing, email and telephone assistance, and liaison with 3rd party professionals should it be required - suitable for a client who wants more frequent contact with an adviser, who has more complicated financial requirements and has a larger portfolio that requires a more hands on approach.
For both categories there is an ongoing service charge of 0.75%.
For example, if you had £100,000 invested then the expected servicing fee would be £750 per annum. The actual amount you pay each year will fluctuate in line with the value of your investment.
You can cancel the ongoing service at any time. In certain circumstances VAT may be applicable. You will be informed of all fees before any advice is implemented.