How We Charge

Different advisers charge for their services in different ways. There has been a great deal of debate about the real cost of commission and how this risks incentivizing some advisers to recommend an unsuitable product.

We always charge pre-agreed transparent fees for the professional advice we provide.

If we receive commission from any product provider, we always pass on the full value of that commission by reducing your fees, reducing your product charges or (where permissible) refunding that commission payment to you.

The initial meeting is always held without charge or obligation.

Following this first meeting we will provide you with a detailed service agreement describing the specific services we will provide and the fees for these services. Our fees very much depend on the complexity of the work involved and the level of expertise required. We will tell you the precise fee for advice in your engagement letter.

We will never charge you anything until you have agreed how we are to be paid by signing a copy of the service agreement.

If you require an ongoing review service, we charge a fee of 1.0% of the value of investments under management, with a minimum charge of £1,200per annum. Our review fee can be paid by monthly or quarterly standing order, invoiced annually or deducted directly from your investment portfolio.

The review fee pays for the ongoing relationship which will include at least one formal annual review report and meeting to discuss any changes you might need to make to your financial plans. Included within this review fee is the cost of any portfolio rebalancing or fund switching recommendations.

Get in touch

Please do call us on 01768 840000 or email enquire@profilefm.co.uk with any questions you have. We welcome the opportunity to meet with you and discuss your requirements for independent financial advice or planning in greater detail.