Do you have to be rich to engage with a wealth consultant?
No, but I guess it does depend on what you consider “rich” to be. We offer services for clients with £100,000 or more to invest or with household incomes in excess of £50,000 pa.
I earn £50,000 per annum, is that too small an amount for you to help me with my financial plans?
No, but you do have to be of the right mind set to get the most from our services. If your goal is to earn more than £50,000 per year or to attract wealth to your life we can help you.
How do you structure your fees?
We offer a clear and fair charging structure. We charge a fixed monthly fee for our services that is dependent on your preferred level of service and the frequency of reviews. We will charge a fixed fee for a financial planning report and a “success” fee that is only chargeable if you decide to invest through The Royall Wealth Partnership.
Figures quoted were correct as at the 2015/2016 Budget.
Estate Planning, Will Writing and Taxation advice are not regulated by the Financial Conduct Authority.
Will you earn a commission from policies that I take up?
No, we will only charge you a fee that is clearly explained before you commit to any chargeable work. Any commission that is payable by policies recommended by us will be rebated or used to help offset our fees.
I own my own property; so how important is Estate Planning?
This depends on the value of your property and your other assets. Inheritance tax is charged at a rate of 40% of any assets inherited over a threshold of £325,000 (£650,000 for married couples – civil partnership couples). Estate planning is a complicated subject and expert advice is required to ensure that you pass on as much as possible to your intended beneficiaries without paying unnecessary tax or sometimes to protect assets from other dangers, such as care fees or divorce and bankruptcy.
How Am I Protected If Things Don't Work Out As Planned?
In Partnership negotiate and provide Professional Indemnity Insurance on our behalf via Lloyds of London. The current limit of cover is £6,000,000 for each and every claim.
As an Appointed Representative of In Partnership, Royall Wealth is covered by The FSCS and regulated by the Financial Conduct Authority (FCA).
The Financial Services Compensation Scheme (FSCS) is the compensation fund of last resort for customers of authorised financial services firms. If a firm is in default or ceases trading the FSCS may be able to pay compensation to its customers.
Please click on the link below to open a leaflet explaining In Partnership's Disputes Resolution Process.
In Partnership Disputes Resolution Process
Not all the services mentioned here are regulated by the FCA. The tax treatment is dependent on individual circumstances and may be subject to change in future.