How many of these hidden fees is your financial advisor charging?
You’ve probably heard about the scandal of the UKs largest wealth manager, St James’ Place (SJP). Some of their advisors have not been delivering the service promised to clients. And guess what, that’s just the tip of the iceberg.
Even if they were delivering what they are supposed to, their 4.5% initial advice fee is outrageous. But wait until you hear about their hidden fees.
Like the one charged when the company switches your money between different stocks and funds.
They make a profit on the buying and selling of the funds within your savings – these are known as fund switching fees.
So if they’ve made the wrong call on the funds they’ve selected, you pay for their mistakes. They win despite the performance of your investments.
If this doesn’t sound fair, it’s because it’s not.
They are hidden in the small print because they don’t want you to find them.
And what’s more they know you’ll probably want to leave when you do.
That’s why they’ll slap another hidden exit fee of between 6% in year 1 to 1% in year 6 on you for early withdrawal. Just for having the audacity to move your money to another advisor.
Imagine you invest £250,000 with this firm.
You are writing them a cheque on Day 1 for £11,250 just to cover their initial advice fee.
Then another £4,775 for their average 2% ongoing advice and fund management fees.
That’s a total of £16,025 of fees in year 1. Plus any switching and withdrawal fees.
Which means they’d have to make you at least 6.84% return in your first year to break even.
In the current financial markets even the best investors, like Warren Buffet, struggle with that.
All these charges and hidden fees mean it’s nigh on impossible to make money on your pension or savings.
Now here’s what we charge:
1% initial advice fee up to £1million
1% ongoing service fee
1% average fund management & platform fees
And That’s it
Your first-year fees with us on a £250,000 investment would total £7,450. That’s £8,575 less than SJP
No fund switching fees
No exit fees
No withdrawal fees
And for investments of £1million+ we don’t charge an initial advice fee either
Meaning you don’t have to worry about hidden fees eroding your wealth behind the scenes.
Why can we charge so much less? We don’t have 20 huge offices around the country and armies of staff. Instead, we have a nice office in Sutton Coldfield and a friendly, efficient team to serve you UK wide.
Of course, any decent advisor needs to charge a reasonable amount to cover their cost of operating and managing your money. But it’s the hidden fees which will quietly erode your savings.
So to check you’re not paying, or about to pay, sky-high charges let us help you find all the unnecessary fees. And then we’ll show you how much you can save when you get rid of them. We’ll walk you through it step-by-step.
Call me now on 0121 355 4455 to arrange for us to chat.
Why am I making you this offer? Well, if we’re a good fit for each other I’m rather hoping you may want to let us look after your pensions and investments. And I don’t like rip-off advisor fees any more than you do – it does no good to the reputation of our investment community.
20 years ago, when I founded my company, it was never about selling anything. It was about solving people’s problems and looking after them throughout their life. Since day one I’ve invested my clients’ money in exactly the same way as I do for three generations of my family’s money.
Don’t forget to call me on 0121 355 4455. I don’t charge a fee for a chat and there is no obligation at all.
Kind regards, Helen
PS And we offer a unique 12 Month Money Back Guarantee to our new clients – if you aren’t completely happy after 12 months and move on, we’ll refund all your ongoing Oaklands Wealth service fees back.
Helen Blackburn BA(Hons)DipFA MLIBF AwPETR
ISO 22222 Certified
Founder & Managing Director
Oaklands Wealth Management Ltd
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A WEALTH OF EXPERIENCE...
MD & Founder of Oaklands Wealth Management talks about her experience.
I set up my independent financial advice company in 2004 after 20 years working for large pension & investment firms.
I regard that time as a long apprenticeship into the sorts of investments folks should be in. Just as importantly too, those to steer clear from.
Be wary of anything with the ‘guaranteed income’ label on it. No funds can hold to such a rash promise. Also run a mile from non-regulated funds, promising double-digit returns.
Our investment process has been honed over the years, though fundamentally the same as it ever was. I believe in active fund management where analysis of the future of companies is considered, not just previous performance.
All our funds we invest in are FCA regulated. And we have a filtering process which whittles down over 3000 funds every month to the selection we choose.
Our performance criteria are set by our investment team and we stick to our principles. Never swayed by emotion.
Using cashflow modelling we forecast your income and expenditure over your lifetime. Then we construct a portfolio adjusted for your risk profile.
Our service includes setting up and managing personal pensions, SIPPs, ISAs and General Investment Accounts. Plus personalised portfolio construction.
And if you have a pot of money from a property or business sale, divorce or inheritance, we can help you generate a tax efficient lifetime income stream.
THINKING OF MOVING FROM YOUR EXISTING ADVISOR?
It’s easy to move on from another advisor.
We’ll handle everything.
All that’s needed is for you to sign some letters of authorisation and we’ll do the rest.
None of your investments will be switched into new funds until you’ve agreed with our recommendations and you’re fully happy with any changes we propose.
7 KEY FEATURES OF THE OAKLANDS WEALTH MANAGEMENT SERVICE
British Standard BS 8577 Awarded Service
12 Month Money Back Service Guarantee
Lifetime Cashflow Planning
Risk Adjusted Personal Investment Portfolio
ISO 222222 Certified Financial Advisors
Monthly Fund Analysis
2 Investment Portfolio Reviews Per Year
A WORD FROM OUR CLIENTS...
“Helen is outstanding in her knowledge of the pension ‘minefield’ and immediately gave us a feeling of ease when discussing, what is after all, the rest of our financial lives. From the very first e-mail to the ‘sit down’ you have with her, everything is done in plain English. Helen is a model professional in this field.”
A WORD FROM OUR CLIENTS...
“When my circumstances changed through divorce I visited Helen at Oaklands Wealth where she very clearly explained all my options in a way I understood. I’m very pleased with the outcome from the pension and investment advice and Helen couldn’t have been more friendly and helpful.”
A FRIEND FOR YOUR FINANCIAL JOURNEY...
THIS IS NOT A DIY SERVICE – WE TAKE FULL RESPONSIBILITY FOR SETTING UP YOUR PENSIONS AND SAVINGS. FOR LIFE.
No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.
This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”
Whatever the reason you come to us we care. We really care. Like it’s our own money.
Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.
Making sure you get all the tax efficiencies legally available to you to enhance your money.
Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.