Our Fees

Transparency and openness builds trust

Our aim is to help give clients clarity and peace of mind over their finances.

Therefore, we believe that anything other than being completely transparent about what it costs to work with us, would go against everything we do.

Below you will find details of the charges for our services which we hope you will find clear and easy to understand.

01

Discovery Meeting

The first meeting with us will be a free, no commitment, informal discovery meeting which gives us a chance to get to know you and your circumstances and for you to get a feel for what it will be like to work with us.

Following the Discovery Meeting, and if we agree to move forward to the next stage, our fees will be charged as follows:

Fixed Fee to produce a Base Financial Plan
Plan Implementation Fee
Annual Ongoing Fees

How do our Fees Compare?

According to the Financial Conduct Authority (F.C.A.)* the average fees in the industry are as follows:

Initial Advice 2.4%

Ongoing Annual Advice 0.8%

Annual Product & Fund Fee 1.1%

Total Annual Charges 1.9%

Example:

If you were to invest £500,000 in one of our recommended 80/20 Multi Asset Portfolios on one of our recommended platforms, which has an ongoing charge of c. 0.28% the charges compared to the industry average would be as follows:

Industry Average

XV Wealth

Initial Advice

£12,000

£7,000

Total Annual Charges

£9,500

£5,150

* Source: F.C.A. Evaluation of the impact of the Retail Distribution Review and the Financial Advice Market Review, December 2020.