How much does it cost?
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 you use, 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.
Customer testimonials
See how these two customers are taking control of their finances, now and for the long term.
Understanding the costs
How much does it cost at each stage?
1 . Initial 15 minute conversation to find out if advice is best for you.
What you'll pay: £0
2. Create a detailed personal financial report
What you'll pay: £0
3. Choose between one-off or on-going advice
By choosing ongoing advice, you'll have support from an adviser who will provide regular guidance to help you try to reach your financial objectives. The charge depends on how much you are investing.
Ongoing advice could be suitable if:
- You want regular contact with your Personal Wealth Adviser and their support team.
- You need support for your ongoing financial needs and the ability to change your plan as your circumstances change.
- You'd like regular meeting with your adviser to ensure you are up-to-date with the progress of your plan.
What you'll pay for ongoing advice:
|
|
|
|---|---|
|
Up to £1m |
0.65% |
|
£1-2m |
0.40% |
|
£2-5m |
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.
You will pay a one-off fee which covers a unique financial plan and advice tailored to your personal situation.
One-off advice could be suitable if:
- You'd like an expert to take a detailed look at your current financial circumstances.
- You want to receive one-off, personal financial recommendations.
What you'll pay for One-off advice:
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|
|
|---|---|
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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.
Adam Cox, 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 – whether it’s investing, making the most of your pension or planning your inheritance. We’ll then recommend strategies and products to help you achieve them.”
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Schroders Personal Wealth is a trading name of Scottish Widows Schroder Personal Wealth Limited.