One of our Financial Planners will arrange to meet with you either face to face or remotely.
At the initial meeting we aim to get under the skin of your finances and help you to identify your personal and financial goals, needs and objectives. We will look at your current financial position, including your existing investments, assets and liabilities and income and expenditure needs. We will also discuss your personal appetite and tolerance for risk as well as your appetite for loss.
We will advise if we can add value to you through the services that we offer and obtain your agreement to move to the Initial Planning Report stage. If at this stage, we do not think that we can add value to you then we will openly tell you so.
This initial meeting is at our expense.
We will use the information gathered at our initial meeting to produce your Initial Planning Report. This will outline what we can do for you and the associated costs and charges for our services.
Your Financial Planner will meet with you either face to face or remotely to discuss our initial proposal. If you agree with our proposed strategy, we will move to the next stage of providing you with a tailored full financial planning report.
There is a charge applicable for the Initial Planning Report, however, this is offset against the full advice and implementation fees that we charge.
Once you have formally agreed our proposal, we will move to the next stage of producing a Full Financial Planning Report and plan tailored specifically to you. At this stage we will verify your identity and request information directly from the providers of your current plans.
Your tailored financial planning report will set out your current personal and financial circumstances, confirm your attitude to risk and capacity for loss, and fully detail our recommendations to you. Where appropriate, the report may contain specific cashflow planning scenarios. The report will also highlight any risks, disadvantages, and taxation as well as a full summary of the costs and charges involved with your recommendation.
Your detailed report will be presented to you in an easy-to-read format including a summary recommendations page. It will be provided with any supporting documentation for recommended products, detailing the cancellation period and the Financial Services and Compensation Scheme (FSCS) protection.
Your Financial Planner will arrange to meet with you to discuss the report and recommendations in detail and answer any questions that you may have. We will also prepare any application documents for you including trust documents and transfer forms.
Once you are completely happy with our recommendations and have agreed to proceed, we will ask you to sign any application and/or transfer forms. We will set up your plan and request the transfers from your existing provider(s).
The provider can usually facilitate our fees, however if we have agreed payment with you, we will send you an invoice for payment.
Once your plan is setup and your transfers have been completed, we will confirm this to you. You will also be provided with online access to your portfolio through our Personal Finance Portal.
In most cases, we recommend an ongoing service with our clients. This allows us to keep your personal and financial circumstances under review and ensure that your pensions and investments continue to meet your objectives.
We have four levels of service which are based on the total funds under our management. These start with a light touch service for those with a simple investment portfolio. Our most comprehensive service level caters for higher net worth family groups, where they may have more complex needs such as tax planning, income drawdown, specialist investments and trusts.
Ongoing service charges range from 0.65% to 0.85% per annum depending on the service level we have agreed with you.
£1m+ Assets Under Management
Ongoing Service Fee 0.65% per annum (subject to £8000 minimum charge pa)
Our Bigmore Premier Wealth proposition, is focused on proactive financial planning for the present and the future, for you and the next generation and provides you with:
£500k - £1m Assets Under Management
Ongoing Service Fee 0.65% per annum (subject to £4000 minimum charge pa)
Our Bigmore Wealth proposition, is focused on proactive financial planning for the present and the future, for you and the next generation and provides you with:
£0 to £500k (decumulation) and £250k-£500k (accumulation) Assets Under Management
Ongoing Service Fee 0.75% per annum (subject to £1500 minimum charge pa)
As part of our Lifetime ongoing service level, we will provide you with:
Under £250k Assets Under Management (accumulation clients only)
Ongoing Service Fee 0.85% per annum (no minimum charge)
Our Primary service proposition is for clients in accumulation only and is a Light Touch service which will provide you with:
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"I fully recommend Bigmore Associates. Our Senior Financial Planner Julian is most professional and highly knowledgeable as is Adam their MD and all other members. A good old fashioned approach to great personal customer care blended with a highly competitive approach to cutting edge technology in the financial arena puts this company heads above others with extremely competitive fees, they cover all bases and offer excellent advice."
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