At Blue Rose Wealth we are proud to present our clients a fee structure that is both easy to understand and represents exceptional value for money.
What do we charge for new funds under management?
- An initial fee of 2%
- Our initial fee has a minimum of £500 but is also capped at a maximum of £5,000 per household. This is deducted at source from the value of the new funds.
What do we charge on an ongoing basis?
- An ongoing Adviser Fee of 1% per year, deducted from the value of the assets we manage on your behalf (Pensions, ISAs, General Investment Accounts, Bonds, etc).
- Ongoing platform and investment charges. These vary depending on the platform and investments we decide are most suitable for you.
- Before we provide you with our advice, we will add together all the costs and charges payable so that you are able to understand the overall cost of our services and recommendations. This is referred to as ‘aggregated costs and charges information’.
What we don’t charge for
- We do not charge you for our Initial Meeting, this is at our cost. This gives potential clients a chance to better understand our services without any formal commitments.
- We do not charge you for the process of researching and gathering information to put a formal recommendation together for you, this again is at our cost.
- We do not charge clients any additional initial fees for making monthly contributions into their investment wrappers.
- We do not charge an hourly rate. We believe that this helps give our clients peace of mind as they know what they will pay with greater accuracy.
- We do not charge any extras. We believe any savings we can make should be handed back to you, the client.
Understanding the cost of our services
Here are some basic examples of how our costs:
New money examples:
Mr Smith invests £100,000
| Initial consultation (1st meeting) | At our cost |
| Fees for research, analysis and implementing advice. | At our cost |
| Initial fee (new money only) | 2.00% or £2,000 |
| Ongoing advice fee | 1.00% or £1,000 per annum |
Mrs Jones invests £500,000
| Initial consultation (1st meeting) | At our cost |
| Fees for research, analysis and implementing advice. | At our cost |
| Initial fee (new money only) | 2.00% (Capped breached so £5,000 applied) |
| Ongoing advice fee | 1.00% or £5,000 per annum |
Existing client examples:
Mrs White transfers a further £250,000 into his existing portfolio of £100,000
| Fees for research, analysis and implementing advice. | At our cost |
| Initial fee (new money only) | £3,000 (2.00% minus £2,000 already paid on existing funds under advice). |
| Ongoing advice fee | £3,500 per annum (1.00% of total under advice) |
Mr Johnson wishes to become a new client and decides to invest £500,000, but his wife Mrs Johnson has a portfolio worth £1.5m already.
| Initial consultation (1st meeting) | At our cost |
| Fees for research, analysis and implementing advice. | At our cost |
| Initial fee (new money only) | £0 as Mrs Johnson has already exceeded the cap of £5,000 per household. |
| Ongoing advice fee | Mr & Mrs Johnson charged a fixed rate of £17,500 per annum as they have now reached out decency cap of £17,500 per annum (1.00% of £1.75m). They will effectively be charged at 0.875% for ongoing fees. * |
Please note – The actual amount payable each year will fluctuate as the value of your portfolio changes. Initial advice fees are deducted from the value of the invested funds at outset. Ongoing fees are deducted monthly at an annual rate of 1.00% from the value of your investments. The above examples are relating only to advice fees for new clients
Charges for regular premium contracts
None. In cases where a recommendation is made for a regular contribution contract – such as a Personal Pension, an ISA, or another investment vehicle into which monthly contributions are made, we do not make any additional charge.
What is not included in our fees?
Additional services such as advice on trusts and complex tax advice, are likely to incur separate charges. In addition, we will pass on any third-party costs such as capital gains tax reporting or third-party discretionary management fees. If we do need to charge you for any of these services a fee will be agreed with you in writing in advance.
We do not provide legal or accounting advice and cannot prepare any legal or accounting documents for you. For this, you will need to engage a solicitor or accountant as relevant.
Refunds and cancellation policy
Initial fees become payable before at the same time our services are implemented, so a refund is available if you decide not to go ahead with the recommendations before the funds have been committed. Fees paid in respect of regular or annual services are not refundable. However, any ongoing services may be cancelled upon request, and fees will be payable up to the date of termination.
If you are dissatisfied with our services, please let us know under our UK complaints procedure. We will try to resolve the issue to your satisfaction, which may include offering a refund at our discretion.
Other charges
Depending on the services we provide, there may be costs and charges (including taxes) related to the financial products and or services we arrange for you that are charged by third parties. These charges may be one-off and payable up front or payable on an ongoing basis. For example:
- Platform costs: If your investments are held on a platform (an online investment administration service) or managed by a discretionary fund manager (DFM), the platform provider or DFM will charge for administering and/or managing your investments.
- Investment costs: These are the costs relating to the managing of your investments – for example, fees charged by the investment fund manager or costs relating to investment transactions.
We will always disclose any third-party costs and charges when making our recommendations.
Tax efficient pension fee collection
We will advise you about the most tax efficient way of paying our fees.
Value added tax (VAT)
As we act on your behalf as an intermediary and intend to implement financial solutions our fees are currently exempt from VAT, which means we do not usually have to make an additional charge of 20%.
If we do have to charge you for a service which is subject to VAT, we will inform you in advance.