“Must say that from the beginning of my introduction both Doug and I would recommend your service for the clear, patient and professional advice we have been given and now that it is only me to make decisions, your advice is more than welcome. Thanks again.”
Fee Based Advice
There are two distinctly different groups of advisers in the market place, those that sell products on a transactional basis to receive commission, or fee based advisers who offer advice and service under a transparent fee agreement where the cost of advice is clearly separated from the cost of the product.
We offer fee based advice. Under our N&G Private Client agreement we charge a percentage of funds under management for providing our ongoing advice and service, and monthly fees.
Unlike traditional commission based products, the provider has no influence over the fees we receive. On our platform all fund discounts and commissions are rebated into our client's platform accounts, and the cost of our advice is charged as an explicit fee, either directly or through the platform.
All changes to existing funds and tax wrappers under our N&G Private Client agreement are made with no initial commission or fees and normally at creation cost with no initial charge. For larger portfolios there is also an ongoing large platform discount, which can be significant for very high net worth portfolios, and we have the ability to link family portfolios for a cumulative discount if one family member has over £500,000 in invested assets.