Fees
Simple, transparent fees
We believe you should know exactly what you’re paying and what you’re getting for it.
Unlike many wealth managers, our ongoing advice fee doesn’t keep increasing simply because your portfolio gets bigger. For our core financial planning service, our fee is capped at £800 per month.
Our fees cover the whole family and we’ll always agree them with you before we start work.
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AT A GLANCE
- Financial Plan -£2,500 (one off)
- Product Review/suitability/implementation ,onboarding – £2,500 to £7,000 (one off)
- Ongoing advice (financial, investment and tax planning) -£800 per month (fixed) for families with assets under advice above £960,000
- Wealth planning for clients with £5m plus portfolios- Our Thera One service. fixed annual fees agreed in advance
- Specialist advice (EIS/VCT/BR/Complex advice)- fixed one off fees agreed in advance
- All Fees ,where possible and appropriate, can be charged to pensions for tax efficiency.
Building your financial plan
We start by understanding what you want your money to make possible.
We'll bring together your pensions, investments and wider finances, model your financial future and answer the big questions. Do you have enough? When can you stop working? How much can you afford to spend? What changes should you make now?
The fixed fee for building your financial plan is £2,500.
Putting the plan into action
Once we've agreed what needs to be done, we can take care of implementing it.
This includes reviewing your existing pensions and investments, preparing our formal recommendations, arranging any new accounts and investments and managing transfers from existing providers.
Depending on the amount and complexity of work involved, our implementation fee is normally £2,500 to £7,000.
Ongoing financial planning
Financial planning doesn't stop once the initial plan has been built.
We'll keep your plan up to date, manage and rebalance your investments, help with tax planning and be there whenever an important financial decision comes along.
You'll have direct access to your adviser and can meet with us as often as reasonably required. We'll also work with your accountant and solicitor where appropriate.
For our typical client family with £1 million or more under advice, our ongoing fee is £800 per month (£9,600 per year).
Importantly, that fee doesn't keep increasing simply because your investments grow. If your £1 million portfolio becomes £2 million or £3 million, you don't suddenly pay us two or three times as much.
There are no exit fees and you can stop the ongoing service at any time
High Net Worth Families where we would manage assets above £5m would be eligible for our Thera One Service. Again , annual fees would be fixed and agreed in advance.
Other investment costs
In addition to our fees, there are costs for the investment platform and the funds used within your portfolio. These are paid directly to the relevant providers and Thera does not receive any part of them.
For a typical Thera portfolio, platform costs are around 0.15% a year and investment management and fund costs around 0.18% a year, although the exact amount will depend on how your portfolio is structured.
We'll always show you the total cost clearly before you invest
Fair, flexible and transparent
We’ve built our fee structure to be as fair, flexible and transparent as possible:
- As soon as we understand your circumstances, we’ll confirm the exact fees you will pay
- There are no exit fees, and you can stop receiving our service at any time
- Our fees are fixed and do not rise just because your investments grow