Service options and fees
Benjamin provides the early conversations at his own cost, so there is time to understand your circumstances properly and decide whether working together is right before any chargeable work starts.
There is no charge for the early meetings used to understand your circumstances and whether working together is right.
Before any chargeable work starts, the service, scope, cost and payment method will be explained clearly.
You sign the fee agreement in principle, but fees only apply if you are happy with the service and want to proceed with the recommendations.
If you are not happy with the service or recommendation and do not proceed, Benjamin does not charge for that advice journey.
Main service comparison
Clients who want clarity on their current arrangements before deciding whether formal advice is needed.
£1,000 fixed fee
Clients who need formal advice and implementation for a specific matter without ongoing planning support.
2% initial advice fee, with minimums from £1,390
Clients who want advice, implementation and an ongoing financial planning partnership that adapts as life changes.
1% initial advice fee, subject to minimums of £695 for new products and £1,000 for transfers
What is included
This shows the longer tick and cross view of what is included within each service offering.
Layers of cost
Even with a DIY approach, clients usually still pay platform or product fees and fund fees. These charges vary based on the provider and funds chosen. Benjamin's advice fees are separate and apply on top where advice is agreed.
Typical charging layers
Ranges are illustrative and depend on provider choice.
Layer 1
These are provider charges for holding and administering the investment or pension account.
Layer 2
These are the charges from the funds selected within the product or platform.
Layer 3
These are the advice fees shown below, covering agreed advice, planning, implementation and ongoing support where selected.
Fee calculator
Initial advice
£1,000
Ongoing yearly
£2,500
Ongoing monthly
£208
Prosperity Pathway initial advice is charged at 1%, with ongoing advice charged at 1% on the first £500,000 and 0.75% above that. This calculator is for illustration only. Any fee would be confirmed and agreed before chargeable work starts.
Fee detail
2% of the amount invested, subject to a minimum fee of £1,390.
2% of the amount transferred, subject to a minimum fee of £2,000.
1% of the amount invested or transferred, subject to minimum fees of £695 for new products and £1,000 for transfers or combined advice.
1.00% per year on the first £500,000 under advice, then 0.75% per year on amounts above £500,000. For accounts below £120,000, £95 per month applies by standing order.
A fee is agreed in advance. This may be fixed fee, hourly rate or percentage based depending on the work required.
Insurance advice is usually paid by commission from the chosen insurance provider. Any separate fee would be agreed in writing before work begins.
Introductory conversation
If you would like to discuss your own circumstances, book an introductory call with Benjamin. He will explain the next steps and any relevant fees before chargeable work begins.
