How We Charge
Unlike other financial advisors, we don’t calculate our fees as a percentage, nor are they generated by the sale of a financial product.
So, you can rest assured that you’re always getting impartial advice without confliction.
Prices will vary depending on the complexities involved in your personal circumstances and the advice we give you. The figures outlined on this page should give you an idea of what to expect, but we’ll provide an exact quote in your free, initial meeting.
Free, Initial Meeting
All plans include an initial meeting, which is always at our cost. It’s an informal, no obligation chat about you and what you see for your financial future. It’s also a great opportunity for you to get to know the DFP team and how we work. From here, you can decide whether or not you’d like to proceed. Either way, there will be no cost to you.
We calculate our initial fixed fees based on the amount of time we estimate needing to spend on your work and the complexity of that work. Our hourly rates for a Chartered Financial Planner are £225 per hour. VAT may apply.
Whether you’re planning ahead, approaching retirement, or in retirement, each level of plan can be tailored to support your goals.
Keeping You on Track
Once you’ve embarked on your journey with DFP, it’s important to keep your situation under regular review. Our ongoing support options will provide you with advice and regular updates. We’ll also advise you on any necessary amendments to your plan over time, to make sure you stay on the right track.
Your ongoing support will depend on your individual requirements and you’ll be charged on a monthly or annual basis.
|Lite Service||Regular Service||Wealth Service|
|Yearly Cost||N/A||From £750||From £2500|
|Monthly Cost||N/A||From £62.50||From £208.33|
|Typical Fee||Available on an ad hoc basis from £225 p/h, subject to a minimum of £750 per interaction.||From £1,350 per year /£112.50 per month based on 6 hours work per year.||From £3,375 per year /£281.25 per month based on 15 hours work per year.|
|About This Support Package||This is a reactive service for clients whose needs are less complex. While you might not need regular, scheduled meetings regarding your investment portfolio or financial plan, you may require new work or ad hoc reviews. Unless you stipulate otherwise, with this package we will not keep in regular contact, nor offer ongoing suitability advice.||Our regular service includes: annual planning, suitability review, updated cashflow – as required, portfolio reports, portfolio switches and rebalance, access to DFP’s online personal finance portal, and access to your DFP advisor in between regular financial planning meetings. We’ll also consider your wider financial and tax planning needs.||The wealth service is typically used by higher net worth individuals and families with complex objectives. It includes everything in our intermediate plan, though planning and suitability meetings will be, at least, six monthly. With this service level, we can also accommodate certain bespoke requirements and will be more available to work in partnership with your other professional advisors, such as accountants or solicitors.|
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. Investing in shares should be regarded as a long-term investment and should fit in with your overall attitude to risk and financial circumstances.
The Financial Conduct Authority does not regulate tax advice.
Danbro Financial Planning Limited is an appointed representative of the Sense Network Limited, which is authorised and regulated by the Financial Conduct Authority. Danbro Financial Planning Limited is entered on the FS Register (www.fca.org.uk/register) under reference 796167. The information contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.