How we are paid
Prospective clients are invited to our offices for a preliminary meeting.
The first meeting we have with you is free of charge and without obligation.
This meeting is to establishhow we are able to assist withyour needs and objectives, such as financial planning, tax planning or investment planning. We will then discuss the different levels of service S Hill & Co LLP provides and which would be most appropriate. If you proceed with our advicewewillinform you of the likely costs involved.
An overview of our Services and Charges are detailed below:
Services
Initial Consultation
- Providing an overview of current financial situation.
- Mutual understanding of financial advice required.
- Overview of Service Levels and affiliated charges.
Fully Audited Advice
- Details of all financial history taken into account.
- Full details retrieved of all plans, policies, investments and holdings held with life and investment companies.
- Back office system utilised to produce overview report.
- Research carried out to find the most suitable product, fund and holdings held with life and investment companies.
- Analysis made based on current needs and requirements taking all current holdings into account.
Limited Advice (Not Recommended)
- No details of existing plans, policies, investments, holdings or schemes taken into consideration.
- Recommendations made solely on the information provided at the Initial Consultation.
Follow Up Meeting
- Recommendations provided with detailed solutions based on anaylsis of financial information obtained, and understanding of needs and requirements as well as limitations.
- Full details provided of recommended products and services.
Non-Implementation of Advice
· Recommendations provided, advice not taken.
Implementation of Advice
- Recommendations provided and accepted by client.
- Paperwork completed and submitted to relevant companies.
- Full report provided of basis of analysis and breakdown of recommendations.
Ongoing Advisory Service (Recommended)
- Up-to-date data and informationmaintained.
- Annual review meeting providing analytical feedback and recommendations.
- Regular assessment of plans, policies, investments, holdings and schemes, resulting in possible fund switch recommendations.
- Provision of bespoke reports incorporating all plans, policies, investments, holdings and schemes.
Transactional Advice (Not Recommended)
- No up-to-date records maintained.
- No provision for an annual meeting.
- No regular assessment or analysis of holdings.
- Any advice, reports or information will be charged on an individual basis.
Charges No charge is incurred for your Initial Consultation.
Our current Ongoing Advisory Service has an annual fee applicable of £600, subject to a maximum of 10 hours work per annum. Additional hours will be charged at the normal rayes.
The Charging Structure below is applicable for work carried out on your behalf by the Firm, unless you have an Ongoing Advisory Service Agreement in place.
|
S Hill & Co LLP Hourly Rates |
|
|
Partner |
£200 |
|
Para Planner |
£155 |
|
Administrator |
£60 |