When taking advice or arranging products you should always be prepared for it to cost you some money - either directly or indirectly and as in most situations, of course cheap does not necessarily equate to good quality or value.
There are several ways of covering the cost of providing financial advice and we offer our clients the choice. Advice can be provided on a commission basis, paid directly from the insurance company, a mixture of commission and fee based advice or purely fee based advice. We would be pleased to provide you on request with a copy of our Keyfacts about the cost of our services document which will clarify our charging structure. enquiries@signetfinancialservices.co.uk
In some cases, fee-based advice can actually work out cheaper in the long term than commission advice and it is for this reason we now offer our clients the option of selecting one of our tailor made packages which are conducted on a fee-based advice arrangement.
- The Business Package – Stakeholder Pensions, Self Invested Personal Pensions, Keyman Protection, Income Protection, Private Medical Insurance and much more…….
- The Ladies Package – Retirement Planning, All Personal Protection, Investment Planning - a highly personalised service
- The Family Package – Family protection, Private Medical Insurance, Planning for Children’s future, Retirement Planning, Investment Planning
- The Single Person's Package – Income & Critical Illness Protection, Retirement Planning, Investment Planning, Mortgages
There are four stages to each of these packages
- Initial Review Meeting
- Analysis, report preparation and presentation
- Agreement and implementation of a plan, which includes the initiating, if applicable, of any suitable new contracts
- Ongoing monitoring and review of the plan
All the packages include an initial review meeting at no cost. The purpose of this meeting is for us to explain in full the services we have on offer, together with their costs and help you to decide whether a package would be suitable for your needs rather than opting for commission based advice.
Following this initial review, if it is agreed we will proceed on a package fee basis, a full report is prepared and this is presented at an in depth presentation meeting. For this we charge a nominal agreed fixed fee which covers the preparation of your tailor made report and full discussion with you.
If actions are recommended, agreed and you ask us to implement these for you then, on completion of making the arrangements, we charge an implementation fee. We will discuss and agree this with you before proceeding. This fee is usually a fixed sum.
Subsequently, for ongoing monitoring and review of contracts, an hourly rate will be charged, details of this will also be provided at our initial review meeting.
If you would like to arrange an initial meeting please contact us.
Your home may be repossessed if you do not keep up repayments on your mortgage. In certain circumstances, there may be a fee of the higher amount of £250 or 0.5% of the total loan amount payable on completion of a mortgage.
