Whether a 30 minute phone conversation or a 3 hour meeting, this initial stage will depend on your circumstances but will always be at our expense.
Once we have decided to work together, we gather personal and financial information from you and we will talk through your financial goals and commitments. We’ll also talk to you about investment risk as your attitude towards it will guide our recommendations.
We will gather information from you about your current financial products and where there are gaps in the detail, we will write to the providers to ensure that we have a complete picture.
We cannot guarantee that we can meet all your objectives and financial goals but at the end of the meeting you and your adviser will know whether it is appropriate to move on to the next step. As the next stages tend to involve many hours of research and administration, then a minimum fee (£500) will be agreed that only falls due if none of our subsequent recommendations are implemented.
This final section culminates in a final set of tailored financial recommendations that will include information about any associated risks, tax implications, costs, growth illustrations and benefits that are relevant. Leading up to this, there may be several intermediate conversations and meetings that ensure you are fully engaged with the financial planning process.
We will then agree the recommendations you want us to implement, in order to meet your needs and objectives. This may include any broader or more complex planning such as trust work.
We will help you complete the relevant application(s) and any additional information required. It is vitally important you check all the information that you have provided is correct before you sign any documents. We will then monitor your application(s) through to product issue and make sure you receive the related product documentation.
Our fees tend to be based on a percentage of the value of your investments and can either be deducted from your investments, or paid separately. Where you choose to make regular contributions, our fee may be spread over a longer period dependent on our agreement.
For example, we will:
We aim to build long-lasting trusted business relationships with all of our clients. An essential part of this is to frequently review your arrangements to ensure that they continue to match your goals and objectives at any given period throughout your financial planning lifetime.
We can provide you with ongoing support and servicing options to suit your specific needs in areas which you have identified as being important to you.
If you elect to have an Ongoing Service, we will charge you a percentage of your investments based upon the level of service you have chosen. This will be deducted from your investments and pays for ongoing technology and administrative support for investment products provided by Openwork and to help maintain the quality and delivery of our ongoing service to you.
Ongoing service is optional. Once started, it can be cancelled by you at any time, without notice.
Tunstall Financial Management is part of The Openwork Partnership and a percentage of our fees are retained by Openwork for the advice support services that they provide.
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