Wealth Management Fees and Charges

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Clarity and transparency

Through our partnership with Schroders Personal Wealth, you can access financial and investment expertise from advisers around the UK. Prices for this advice will vary depending on the services and products you take out, and all potential costs will be communicated up front by your adviser.
 

Schroders Personal Wealth will always be transparent about any fees for advice, and any charges for third party products.

You can choose between one-off advice or ongoing management of your finances, and you won’t pay exit fees to Schroders Personal Wealth. Third party providers may charge exit fees if you decide to cancel their products.

  • Choose ongoing advice if you want regular meetings, guidance and support from your personal wealth adviser to help you towards your financial goals.
  • Choose one off advice if you want a financial plan tailored to your current financial circumstances.

John Cheesewright, Schroders Personal Wealth Adviser

“By the end of our first chat you’ll know exactly how much you’ll pay for our advice. We’ll get to know your financial goals – and whether it’s investing, making the most of your pension or planning your inheritance, then recommend strategies and products to help you try to achieve them.”

What you’ll pay: 

Once you’ve received your personal financial report, if you choose to take out a product or service you will need to decide whether you want to take one-off or ongoing advice, the cost varies based on how much you’re investing.

One-off advice

Up to £570,000

1.75%

Amounts over £570,000

0%

 

  • Fees for one-off advice are paid via a single payment by cheque or bank transfer. In some situations, you might be able to pay the fee directly through the product itself.
  • There may be additional fees payable for other products, like trusts and protection policies, but these will be detailed by your adviser before you commit.
  • This information is based on fees and charges from Schroders Personal Wealth as of July 2020 and may change from time to time.  Your adviser will confirm all the applicable fees and charges prior to you proceeding with any solutions.

Ongoing advice

Up to £1m

0.65%

£1 - 2m

0.40%

£2m - £5m

0.35%
£5m+ 0.15%

 

  • Fees for ongoing advice are paid monthly in arrears and deducted from your investments. VAT will be charged where applicable.
  • There may be additional fees payable for other products, like trusts and protection policies, but these will be detailed by your adviser before you commit.
  • This information is based on fees and charges from Schroders Personal Wealth as of July 2020 and may change from time to time.  Your adviser will confirm all the applicable fees and charges prior to you proceeding with any solutions.

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Important legal information

Schroders Personal Wealth is a trading name for Scottish Widows Schroder Personal Wealth Limited.

Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.

Eligible investments are protected by the Financial Services Compensation scheme (FSCS). We are covered by the Financial Ombudsman Service.