Our fees

Table and chairs
Icon

Simple, clear fees

We believe in being transparent about our fees, and we are happy to disclose how we charge here. Even though there are no regulations that say we must, we believe it is only right for you to understand the costs involved at an early stage.

The work we do is split into the Initial Fee and Ongoing Charges, and the costs will vary depending on the service you have signed up to. The initial meeting will be held at our expense, and there is no obligation for you to commit to anything during this meeting.

Below, we have outlined the fees we charge for our five service propositions. You can find out more about each service in detail by clicking the button below.

Our services
Icon
People

The value of financial advice

If you have never spoken to a financial planner before, you may be wondering why you should rely on someone else to oversee your finances.

Research by the International Longevity Centre UK, updated in 2019, demonstrated that people who receive financial advice increase their wealth by an average of £47,706. Those with an ongoing relationship with a financial adviser increase their average pension wealth by nearly 50%.

Our fees

Initial fees

The initial fee includes researching platforms and providers, information gathering, a detailed analysis to help inform your decisions, recommendations on how to make your money work harder, and a written report to explain our recommendations. All initial fees are capped at £20,000.

For clients on our Wealth Builder, Wealth Management and Wealth Advisory service, we charge the following:

Value of assets Initial fee
Up to £250,000 2%
£250,000 to £1,000,000 1%
More than £1,000,000 0.5%
Our fees

Ongoing financial planning charges

It is important to assess your finances and goals regularly. We give you the option to sign up to our ongoing service, where we will review your portfolio and circumstances annually.

The review allows us to identify any changes in your circumstances and update your risk profile and capacity for loss. We will also conduct a review of your investments and other financial planning products held with us, and we will assess the suitability and performance of your investments in conjunction with your overall goal.

Service Annual fee
Wealth Builder 0.75% (minimum £400 per annum)
Wealth Management 0.75% (minimum £1,500 per annum)
Wealth Advisory 1% (minimum £2,000 per annum)
Band % Adviser Fee £
£600,000 0.75% £4,500.00
Example 2

£600,000

Fee: 0.75%

Band % Adviser Fee
Ongoing FP Fee 0.75%
OCF (investment) 0.74%
Platform 0.23%
Total 1.72%
What You Can Expect To Pay:

Wealth Management

Client Total Charges

Icon
Kind words

What our clients say

Thank you for your mortgage advice and amazing service. You are without doubt the best mortgage adviser in the land

Mr Williams
I have used Skerritts for both mortgage and financial advice, specifically pensions. I have since recommended them to my brother, who is also very happy with the help he’s received.

Mrs Lyons
One thing that Skerritts does really well is take any worries away from me when it comes to my financial investments.

Mrs Moors
I have been a client of Skerritts for a number of years and in the last two years have been ably looked after by Lisa. She has taken me through a period of considerable change in my financial life as I moved into retirement. Lisa’s patience and determination has lead to a satisfactory conclusion which has taken many months and resulted in a sizeable compensation payment. On a day to day basis I find Lisa easy to deal with and very professional.

Mrs Finnigan
I am so pleased that I reached out to Skerritts for help, and when I left your office, I felt like a weight had been lifted off my shoulders. The options you gave me and the way that it was explained was comforting, as I understood it all.

Mr Bishop

Sign up to our newsletter