Terms & Resources

How we charge

Salisbury FS believes in transparency and our fees will be agreed with you, before we commence any chargeable work.

Our fees are split into three categories, reflecting each stage of our advice process:

Initial Fee (for advice)

We charge an initial fee to cover the cost of our work, up to implementation. Typically this fee will cover:

• Discovery meeting (regulatory factfind)
• Client verification, risk assessment
• Onboarding (set up of your internal records)
• A review of your existing plans
• Our research (product, provider and investment strategy)
• Creating your tailored financial plan
• Presentation meeting to discuss our recommendation

Our fee varies subject to the complexity of the work involved and will be agreed with you in advance. Typically our fee for initial advice is £3,172.50. (no VAT).

If you proceed with implemention, fees can be charged directly to your new product(s) or invoiced directly to you, if you prefer.

Implementation Fee

We charge an implementation fee when you proceed with your financial plan. Typically this fee will cover:

• Meeting required to complete the application process
• Establishing your new product(s) with your provider(s)
• Implementing your investment strategy
• Liaising with you and your provider to complete your implementation
• Maintaining your internal record
• Contribution towards the firm’s Indemnity Insurance

We charge an implementation fee of 0.5% of the sum invested/transferred up to £1,000,000 and 0.25% above £1,000,000.

Fees can be charged directly to your new product(s) or invoiced directly to you, if you prefer.

Examples of the fees you may pay

• If you invested £500,000, we expect your overall fee to be £5,672.50 (£3,172.50 for advice and £2,500 for implementation). This is an effective initial fee of 1.13%.
• If you invested £1,000,000, we expect your overall fee to be £8,172.50 (£3,172.50 for advice and £5,000 for implementation). This is an effective initial fee of 0.82%.
• If you invested £2,000,000, we expect your overall fee to be £10,672.50 (£3,172.50 for advice and £7,500 for implementation). This is an effective initial fee of 0.53%.

Ongoing Service Fee

We charge an annual service fee, which contributes towards the costs of providing our ongoing service to you.

Salisbury FS offer a range of ongoing services, tailored to your needs. The service we will provide to you and the ongoing cost (normally charged directly to your portfolio) at a minimum will include;

• Access to your adviser all year round
• Annual progress update (in writing)
• Annual income sustainability forecasting
• Annual meeting (in person, online – as preferred)
• Liaising with your professional connections (agent, accountant, lawyer)
• Periodic risk assessment
• Ongoing monitoring of your financial plan and underlying investment portfolio
• Maintaining your internal record
• Capital gains tax planning & recommendations
• ISA purchases (within your portfolio)
• Portfolio administration
• Contribution towards the firm’s Indemnity Insurance and overhead

Our typical ongoing service fee is 0.8%pa, usually charged directly to your portfolio. As an example, if the value of your portfolio was £500,000, our service fee will be £4,000pa.

For larger portfolios, Salisbury FS may discount the ongoing service fee, subject to the complexity of your financial plan.

Where fees are charged as a percentage of the value of your portfolio, the monetary amount deducted may increase as the value of your portfolio rises. If the value of your portfolio falls in value, the monetary amount deducted will also reduce.