Our fees

We believe in charging a fair fee for the work we do. For this reason, we have decided to echo the transparency of our approach and disclose our fees online.

This also differentiates us from other financial advisers and planners. Research shows that only 1 in 20 disclose their fees online.

We believe that financial planning adds immeasurable value to our clients; helping them to achieve their hopes and dreams. In fact, our clients have even let us know how much they value the work we do. You can read their stories here.

In addition, it’s important to note a growing body of research which shows the value of financial advice and planning.

The fees we charge will depend on the complexity of your personal situation, as well as the existing pensions and investments you hold.

 

Our initial advice and recommendations are charged on a menu basis, as detailed below.

A 2017 report by Royal London and the International Longevity Centre showed that, on average, people who work with a financial adviser boost their assets by up to £43,245.
A 2017 report by Royal London and the International Longevity Centre showed that, on average, people who work with a financial adviser boost their assets by up to £43,245.

Initial meeting

The initial meeting is at our expense. As part of this meeting, we will discuss the work we will undertake on your behalf and provide you with an estimate of the total fees.

Preparation of a full financial plan

Includes:

  • Exploration of personal and financial goals

  • Preparation of a lifetime cash flow plan

  • A risk profile analysis to inform future investment decisions

  • Exploration and discussion of different options and scenarios for your future

  • Identification of any shortfalls in funding for your future life plans

  • Recommendations to improve your likely financial future

  • A written report to cover and explain every element

Cost: ?

Review of existing plans and recommendations

Includes:

  • A full review of existing arrangements to ensure they are suitable to help meet your goals as established in the financial plan. This will include a review of the current funds against your risk profile, plan costs and any specific plan features.

  • Recommendations to retain the plan if suitable, change investment funds within a current plan or to transfer to a new plan and funds if required

  • Research of the whole of the market for the appropriate new plan and investment funds in line with your financial goals and risk profile

  • Administration to complete applications and ensure any changes or new plans are put into place

  • Written reports to cover and explain every element

 

Other types of pensions or investments such as Venture Capital Trusts may be more complex and carry an additional cost.

Pensions:

For personal pensions, SIPPs¹ and SSAS², excluding those with non-standard investments

Cost: £400 for the first plan, plus £300 for each subsequent plan

Investments:

For ISAs³, investment accounts and investment bonds

Cost: £350 for the first plan, plus £250 for each subsequent plan

Protection/insurance:

For Life Cover, Critical Illness Cover and Income Protection/Permanent Health Insurance

Cost: £150 per plan review only. £400 to review and recommend a new plan if required.

¹Self-Invested Personal Pensions       ²Small Self-Administered Schemes      ³Individual Savings Accounts

Recommendation for a new pension or investment

Relevant if there are no existing plans to be reviewed but a new investment, pension or protection policy is required.

Includes:

  • Research of the whole of the market for the appropriate new plan and investment funds in line with your financial goals and risk profile

  • Administration to complete applications and ensure any changes or new plans are put into place.

  • A written report to cover and explain every element

 

If an investment plan is jointly owned, only one fee will be charged. If they hold the same plan, but there are different investment funds within that plan, the fee will be discounted.

Cost: ? per plan

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If you’d like to find out more or book in a free, no obligation meeting, complete the form below and a member of the team will be in touch.

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Get in touch

If you wish to register a complaint, please write to Ruby Red 107 Langbrook Cottages, Westlake, Ivybridge, Devon, PL21 9JX, telephone 01752 691926 or e-mail info@rubyredfp.co.uk.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot se[le your complaint with us, you may be enLtled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacLng them on 0800 023 4567.

Important information

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK

Ruby Red Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. You can find Ruby Red Financial Planning Limited on the FCA register by clicking here. Registered in England & Wales. Company number: 11938051. 

FCA Financial Services register Number: 842765

Registered Office Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX

Trading Address: 107 Langbrook Cottages, Westlake, Ivybridge, Devon, PL21 9JX

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