the cost of our service
1. implementation of advice
Investable Assets |
Percentage Fee |
£0 to £99,999 |
4.00% |
£100,000 to £349,999 |
3.00% |
£350,000 to £499,999 |
2.00% |
£500,000 to £999,999 |
1.00% |
£1M + |
Bespoke terms |
2. ongoing costs
The ongoing costs that apply to our Evolution proposition are charged at a percentage of the value of assets under advice as detailed in the table below:
Investable Assets |
Percentage Fee |
£0 to £349,999 |
1.00% |
£350,000 to £499,999 |
0.80% |
£500,000 to £999,999 |
0.60% |
£1M + |
Bespoke terms |
The charges are calculated once a year at your agreed Annual Assessment date and are based on the value of your investable assets at that time.
loyalty implementation fees for existing clients (initial only)
We are striving to develop lifetime client relationships and so if an existing Evolution client wishes to invest further monies with us after a 12-month period of being a client, we offer a loyalty rate for the additional invested monies. This is at a rate reduction of 50% off our normal rate structure; a thank you to our existing clients for their continued loyalty.
Moneyweb are happy to undertake supplementary projects of work outside of the services included in our Evolution Client Service Proposition.
Digital Direct Offer
It will enable you to invest and consolidate your investments and pensions across to the Moneyweb Platform, which is managed by our technology partners True Potential and takes your investment decision into your own hands.
Having this proposition will not only give you access to their highly diversified portfolios, but you will also benefit from market-leading technology. The technology includes access to the Client Portal and Mobile App where you can track your investments and pensions daily and top up in seconds, using the impulseSave function.
- Client Portal and Mobile App – Enables you to track your investments and pensions online or via the app at any time. You can set up regular contributions, top up using impulseSave, view your policy documents and contact us directly through the secure messaging feature. It allows you to set up financial goals and regularly review your investment against those goals, helping you form the habits of a long-term investor.
- impulseSave – You can add a regular investment and make an ad hoc payment (subject to allowances) at any time either online or through the mobile app. Reaching your goals has never been easier.
- Rewards – The rewards feature is a cashback facility from online purchases enabling you to save them directly to your investment. Ultimately meaning you can save whilst you shop online.
The cost for this proposition is:
| Initial Fee |
| 1.00% |
Your Annual Assessment is delivered digitally ensuring that the whole light touch process from start to finish is driven by technology.
Digital Remote Service Proposition
Electronic Annual Suitability Assessment
This will be delivered to you remotely and digitally. A series of questions are aimed to ascertain whether your current plan and strategy remains appropriate for your needs and objectives. Any inconsistencies or changes in your personal situation are flagged to the Moneyweb team who will then contact you separately to discuss this further. Where relevant and appropriate remedial solutions will be provided to you. There may be additional costs for this depending upon the complexity of the advice provided.
Personal File Management
We will update our records and notify your providers free of charge in relation to any changes in your personal information.
Pereodic Communications
We will keep you informed, by email, of any investments or other financial products or services that may be of relevance to you.
The cost for this proposition is:
| Ongoing Fee |
| 0.50% |
supplementary services
Pension Vesting (Annuity)
The objective of this review is to establish if it would be financially beneficial to stay with your existing provider or to transfer to an alternative provider to secure a better annuity rate. The fee for this service is 1.50% of the Gross fund Value but is subject to a minimum of £1,000.
Trust Review Service
Whether you’re managing your own money or acting as a trustee for someone else, we can provide a review and evaluation of the trust’s assets and objectives on a regular or ad hoc basis. We will complete a detailed Trust Fact Find before undertaking an analysis of the existing portfolio relating this to the trustee’s risk tolerance, as well as detailing any changes we feel appropriate. The minimum fee for this service is £1,500 per trust.
Pension Fund Extraction Advice
We can provide a report with recommendations on how to extract cash from your pension plan in the most tax-efficient way. The report will detail the advantages and disadvantages for your consideration. We will not implement this type of work on an execution only basis nor will we implement if it would lead to you suffering financial penalties or creating a large tax liability. The minimum cost for this service is £1,500.
Personal Disaster Planning
We can help identify any areas in which you may be exposed to risk should you die, or suffer an illness or accident that could impact you and your family/loved ones. After identifying, we will explain your options and detail possible solutions that may be appropriate. The minimum fee for this service is £495.
Bank & Savings Review
After establishing information on your existing accounts, we can provide you with an evaluation of the interest rates you are receiving as well as information on current Financial Services Compensation Scheme (FSCS) limits applicable. The minimum fee for this service is £295.
VAT
Moneyweb Limited is currently a VAT exempt company, and therefore there is no VAT chargeable on either the initial or ongoing fees and charges detailed in this brochure. If this should change in the future then we will notify you in writing.
State Pensions Forecast
We will arrange for you to receive a State Pension forecast which gives detailed information on your State Pension age and entitlement based upon your National Insurance Contributions Record. This service is provided free of charge.