Fees
Our fixed fees are designed to be transparent, making it clear how much we charge at every stage in the process.
Our fees are transparent and easy-to-understand – all the words you want to hear. The charges are based upon the complexity of your individual circumstances and therefore the time it takes us to provide you with the service you require.
Our clients tell us that our fees are great value for money – as you can see from the client stories and VouchedFor reviews further down this page. But first, let’s break down the different stages where we charge for our services and what’s included.
Steps 1 and 2
Discovery and Enlightenment
£1,750
This is where we build your BlueSky Financial Plan; your roadmap, taking you on a journey from where you are now, to where you want to be. Our process starts by understanding you and what you want to achieve. Only once we’ve done that will we advise you on how to use your income and assets to achieve your goals.
With a cashflow model at its heart, your BlueSky Financial Plan will provide clarity and a real sense of purpose. It is split into two stages: discovery and enlightenment, and we charge a standard charge of £1,750. At times you may wish for a more focused plan with extra complexity required if so, the costs to be agreed at outset, with our fees ranging from from £2,000 up to £3,250.
With both our standard and focused Financial Plans, we ask for £750 as an initial fee at outset and the balance becomes payable on completion and your satisfaction.
Discovery
The first step involves taking the time to gain an understanding of what you want from your life, and why. What lifestyle do you want to achieve?
We start by listening, we make sure that you lead the process, and we facilitate. We work in partnership to understand your goals, objectives, aspirations, and current financial position.
Enlightenment
Time for us to crunch the numbers. We take stock of the information you have shared: current income, outgoings, assets and liabilities.
Combined with your goals and aspirations, this information will help us formulate a visual and tangible BlueSky Financial Plan you can fully engage with.
When clients first come to us, they typically tell us they’ve never had these types of discussions before. The financial advisers they’ve worked with in the past have focused on investments and financial products and didn’t ask what they were trying to achieve.
That’s why our clients tell us that once they agree to their BlueSky Financial Plan, they instantly feel a sense of confidence, reassurance and peace of mind about their future.
Step 3
Making it happen
1% fixed fee
Subject to a minimum fee of £850 and a maximum of £5,000.
All plans need effective and efficient implementation. Our clients have two choices: you can implement the financial plan yourself, or we can do it for you.
This fee covers:
- Providing you with a detailed product recommendation report.
- Making sure everything is set up in line with the recommendations within the plan.
- Liaising directly with all relevant parties while always keeping you up to date.
- Providing you with a detailed summary of all actions and setting up checkpoints for future meetings.
Here are two examples of our BlueSky Financial Plan and Implementation fees:
Example 1
We work together in creating and delivering your BlueSky Financial Plan: A fixed fee of £1,750 is payable.
If you would like to proceed with the implementation of any recommended actions, and assuming an investment of £100,000, then the implementation fee of 1% is applied: £1,000 is payable.
Total fee payable for our services: £2,750
Example 2
We work together in creating and delivering your BlueSky Financial Plan: A fixed fee of £1,750 is payable.
If appropriate, and if you would like to proceed with the implementation of a £700,000 pension switch, then the implementation fee would be capped: £5,000 is payable.
Total fee payable for our services: £6,750
Step 4
Staying on course
If we decide to continue to work together, we’ll recommend the most appropriate level of ongoing service to ensure you stay on course and achieve your aspirations. Our charges are based upon the complexity of your circumstances and therefore the time it takes us to provide you with the service you require.
We know things change, though. At certain stages of life, you might need a more hands-on service; at others, you might need us less, which is why we have two levels of service:
BlueSky Core
From £850 per year
Our Core service may be suitable if you are on a glide path to retirement or already enjoying retirement years with settled patterns of income and expenditure.
If we recommend this service, every year we will:
- Have a comprehensive Financial Planning meeting.
- Update your BlueSky Financial Plan.
- Carry out detailed tax and income planning.
- Conduct investment due diligence and portfolio rebalancing.
- Review the suitability of your investment strategy and financial products under our administration.
- Review your tolerance for investment risk.
We will discuss your individual needs and agree a personalised service and fee basis at the outset, reviewing it at regular intervals.
The fee basis will range from £850 to £2,850 per year, depending on the complexity of your circumstances.
BlueSky Plus
From £2,850 per year
Our Plus service may be suitable if you are considering your retirement options, early in retirement, in later retirement or if you have more complex income/tax planning needs.
If we recommend this service, every six months we will:
- Have a comprehensive Financial Planning meeting.
- Update your BlueSky Financial Plan.
- Carry out detailed tax and income planning.
- Conduct investment due diligence and portfolio rebalancing.
- Review the suitability of your investment strategy and financial products under our administration.
- Review your tolerance for investment risk.
We will discuss your individual needs and agree a personalised service and fee basis at the outset, reviewing it at regular intervals.
The fee basis will range from £2,850 to £10,000 per year for the most complex of needs.
Here are two examples of our ongoing fees:
Example 1
We have agreed that our “Plus” service level is the best fit for your circumstances and needs.
You may be approaching retirement and deciding on how to flexibly access your pension portfolio in the most tax-efficient manner.
The annual financial planning fee would be £2,850 per year
Example 2
We have agreed that our “Plus” service level is the best fit for your circumstances and needs.
You may have a number of plans and deciding how to flexible access your pension portfolio in the most tax efficient manner. Having a number of pension plans and investment wrappers you may require a greater level of time and diligence on the best way forward.
The annual financial planning fee would be £3,750 per year
Currently, our services are not subject to VAT. We will notify you in the future if this changes and before conducting any further work.
The benefits of a BlueSky Financial Plan
Financial planning has the power to be life changing and as financial planners our focus is on you. Learn more about the benefits of a BlueSky Financial Plan here.
