Circumstances differ but our fees don’t.

We believe in being honest, fair and transparent. One way we can demonstrate that commitment is by disclosing our fees online.

You will find that is different to how most financial advisers and planners work. Plus, if you compare our fees, you will also discover that they are lower than the average, this is because we search for efficiencies in our business and pass the savings back to our clients.

Of course, before we start working with you, we will always confirm in writing the fees you will pay. Furthermore, we will explain how our fees can be paid, along with the advantages and disadvantages of each option.

Our current fees can be summarised as follows:

Initial meetingProvided at our expense, at a location convenient for you, perhaps your home or office. We are also very happy to welcome you to our office in Cheltenham.
Personal financial planning reviewCosts start at £950.
Wealth Management: ImplementationWe charge 1% of the funds being brought under our management. Our implementation fee is subject to a minimum of £950.
Wealth Management: Financial Planning ServiceOngoing 0.5% of the portfolio value per year subject to a minimum annual fee of £500.
Project WorkWe may undertake one-off pieces of work, such as considering retirement options or arranging life cover. A specific fee will be agreed based on our hourly rates.

In keeping with our commitment to fairness, for ongoing clients, we will not charge an implementation fee of future changes to a portfolio, once the initial implementation fee is paid.

What services do we provide?

We offer three levels of service, which we will be happy to discuss with you when we meet.

Bespoke PlatinumGold
Portfolio Management ServiceHalf Yearly Half YearlyAnnual
Portfolio ValuationUp to 4 per yearHalf YearlyAnnual
Suitability Review MeetingUp to 2 meetings per yearUp to 2 meetings per yearAnnual
ISA UtilisationIncludedIncludedIncluded
Estate PlanningIncludedIncludedIncluded
Cash Flow ModellingIncludedIncludedAdditional charge
Income Drawdown ReviewAnnualAnnualAnnual
Monthly e-NewslettersIncludedIncludedIncluded
Budget CommentaryIncludedIncludedIncluded
Telephone Access to AdviserIncluded IncludedIncluded
Economic & Investment Market CommentaryIncludedNot includedNot included
"At Retirement" Suitability ReviewIncludedAdditional ChargeAdditional Charge

Telephone Access to Adviser: When you require support or guidance please contact us. Where we are not available at the time of your call, we will contact you within the next 24 hours, subject to normal working hours.

Email Updates: Regular updates on industry relevant and regulatory issues will be provided in order to keep you up-to-date.

Portfolio Valuation: This provides a consolidated snap shot of your current position.

Newsletter: On a half yearly basis, we issue a newsletter highlighting current events in the field of financial services, which we deem to be of relevance to our clients. To reduce the amount of paper being issued, this may be distributed by email so please ensure we have your latest email address.

Portfolio management service: Your valuation will be divided, based upon the underlying assets, and the allocation will be assessed against your recorded objectives and attitude to risk. Suggestions on any action to be taken, for example to rebalance the portfolio, will be made.

Review Meeting: A meeting will be held to review your current situation and a report will be issued summarising any recommendations.

ISA Utilisation: Utilising your ISA allowances from existing holdings by transferring assets from taxed holdings to tax-privileged holdings to make use of your annual allowance as it arises (where suitable and appropriate).

Estate Planning: Regular review of your financial situation to assess potential inheritance tax liability and make appropriate recommendations. Please note, that the Financial Conduct Authority (FCA) does not regulate Estate Planning Advice.

Online Access: We will provide you with secure internet access to view your personal portfolio information.

How do our fees compare?

Using research from the Financial Conduct Authority (FCA)* it’s clear that our fees are typically lower than those charged by other advisers and planners.

Initial charges
Typical charge:FCA research shows that advisers who base their fee as a percentage of the amount invested typically charge 2.4%.
Cactus Financial Planning:We charge a fixed financial planning fee, plus, where applicable an implementation fee.

Ongoing charges
Typical charge:0.8% of the among invested.
Cactus Financial Planning:0.5% of the amount invested, subject to a minimum of £500.

*Taken from the FCA’s Evaluation of the impact of the Retail Distribution Review and the Financial Advice Market Review, December 2020.

You can learn more about the value of financial advice by clicking here.

For more information about our costs and charges email us at admin@cactusfp.co.uk.