Wealth management fees and charges
Through our partnership with Schroders Personal Wealth, you can access expert advice on investments, planning your pension income, protecting your family and passing on your wealth in a tax-efficient manner.
Schroders Personal Wealth is transparent about their fees and charges every step of the way, making you aware of all costs. A UK adviser will take you through any potential costs upfront, as these can vary depending on the service
Why pay for wealth management?
Plan your retirement
Even if retirement is still some way off, Schroders Personal Wealth could help you create a flexible and personal plan. Gain expert pension advice on a range of pension products, including shareholder pensions and annuities.
Pass on your wealth
There are lots of options for securing your family's future. Schroders Personal Wealth could help find ways to reduce the amount of inheritance tax they might pay. They'll help make sure you pass on your wealth the way you want to.
Boost your wealth
Boost your wealth through investing with a variety of services and financial products. Investing your savings is one way to generate income in the long term. Schroders Personal Wealth can look at the best ways for you to navigate the ups and downs of the markets at a level of risk you’re comfortable with.
Protect yourself
Protect yourself and your loved ones. From life insurance to critical illness cover and more, Schroders Personal Wealth can help you look at what’s right for you.
How much does advice cost?
Once you’ve received your personal financial report, if you choose to take out a product or service you will need to decide whether you want to take one-off or ongoing advice, the cost varies based on how much you’re investing.
Which should I choose; ongoing or one-off advice?
One-off advice
One-off advice might suit you, if you are looking for a financial plan to meet your current financial circumstances.
|
One-off advice |
|
|---|---|
One-off adviceUp to £570,000 |
1.75% |
One-off adviceAmounts over £570,000 |
0% |
Fees for one-off advice are paid via a single payment by cheque or bank transfer. In some situations, you might be able to pay the fee directly through the product itself.
Additional fees may apply for other products – such as trusts and protection policies. Your Wealth Adviser will explain when/if they apply before you make any commitment.
This information is based on fees and charges from Schroders Personal Wealth as of May 2020 and may change from time to time. Your adviser will confirm all the applicable fees and charges prior to you proceeding with any solutions.
Ongoing advice
Ongoing advice may be for you if you are looking for ongoing support from a wealth advisor to meet your changing circumstance and markets.
|
Ongoing advice |
|
|---|---|
Ongoing adviceUp to £1m |
0.65% |
Ongoing advice£1-2m |
0.40% |
Ongoing advice£2m + |
0.35% |
Ongoing advice£5m + |
0.15% |
Fees for ongoing advice are paid monthly in arrears and deducted from your investments. VAT will be charged where applicable.
Additional fees may apply for other products – such as trusts and protection policies. Your Wealth Adviser will explain when/if they apply before you make any commitment.
This information is based on fees and charges from Schroders Personal Wealth as of May 2020 and may change from time to time. Your adviser will confirm all the applicable fees and charges prior to you proceeding with any solutions.
Adam Cox, Personal Wealth Adviser at Schroders Wealth
“If you think wealth management advice might be for you, book an appointment so we can talk you through your options. There’s no pressure to go forward and our initial appointment is completely free.”
Watch our video to find out how Schroders Personal Wealth work together with their customers to plan their financial future.
Further reading
Pension related
Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.
Schroders Personal Wealth is a trading name of Scottish Widows Schroder Personal Wealth Limited.