Coming up in June ....
Coming up in June ....
ADVERTISEMEN T FEATURE
How much are you paying for your money to be managed ? Don ’ t settle for poor value and hidden fees .
Confusing , hidden , mysterious , expensive . These are all words that could describe investors ’ feelings towards wealth management fees . The City watchdog launched a crackdown in 2012 which improved transparency , but there is still a way to go .
Tony Stockwell Fri 3 June
Beyond The Barricade Fri 10 June
Tropicana Nights Sat 11 June
Lady boys Of Bangkok Mon 13 June
Voodoo Room Fri 17 June
Spanish Fiesta Fri 24 June
SOLD OUT !
Bill Bailey Mon 27 June
Ross Leadbeater ’ s Great British Songbook Thu 23 June
Counterfeit Sixties Sat 25 June
Jimmy Carr Tue 28 June
BOOK ONLINE : whiterocktheatre . org . uk TICKET OFFICE : 01424 462 288
All tickets are subject to a £ 1.50 per ticket booking fee . Fee-free for Groups 8 + and Friends .
Headline fees quoted by independent financial advisors , wealth managers and private banks may not include everything you pay . Things like transaction costs , custody fees and platform fees can come as unpleasant surprises .
There may also be ongoing charges for third party funds in your portfolio , and if your IFA outsources your investments to a discretionary wealth manager , this could add a layer of charges .
New EU regulations slated for 2017 will force wealth managers to break down their charges more clearly . This is good news for consumers , but it will also shine the spotlight on the huge disparities in fees across the marketplace .
Of course , you would expect to pay more for a bespoke service and active management than ‘ doing it yourself ’ which can be a false economy . The point is you should understand what you are paying for , as some estimates suggest up to 70 % of an investor ’ s real return can be swallowed up by charges *. Let ’ s look at an example . Imagine client A pays their wealth manager an annual fee of 2.5 % on an investment portfolio worth £ 1m , while client B pays 1 %. Over 10 years , Client A will shell out £ 364,335 for their advisor ’ s management fee alone , while Client B will pay £ 155,752 **. What seems like a minor difference in fees can really add up over the long term . Ask your advisor what their Total Expense Ratio ( TER ) is – anything above 2 % is on the high side .
This is where findaWEALTHMANAGER . com can help . We believe advisors should compete for your business while being open about what they can offer you and what it costs . Our users save an average of £ 22,000 every year in wealth manager fees , based on a £ 2m portfolio ***.
With findaWEALTHMANAGER it ’ s easy to shop around for good value , so you end up keeping more of your portfolio ’ s returns in the long run . Contact us to find out how .
Lee Goggin , Co-Founder lee @ findawealthmanager . co . uk
findaWEALTHMANAGER . co . uk Alpha House , 100 Borough High Street , London , SE1 1LB 0207 193 5691
Find A Wealth Manager is an Appointed Representative of Talbot Capital Limited which is authorised and regulated by the Financial Conduct Authority
* Source : The True and Fair Campaign ** Source : www . trueandfaircalculator . com / calculator *** Estimated average saving for findaWEALTHMANAGER clients with £ 2m invested through a retail fund or an IFA
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