WFI Financial

Services and fees

There are times when it can prove difficult to establish your true financial needs, which is why we provide advice in a friendly and understandable manner.

WFI Financial LLP has been built based on honesty, reliability and an excellent service. Many of our clients have personally trusted us for nearly 20 years, and throughout this period we've developed many good friendships.

WFI offer both personal and corporate advice on a whole range of financial services. Please visit the Private Client Services and Corporate Financial Planning pages for further information.

How we are paid

On receiving an enquiry, WFI Financial LLP will arrange an initial meeting. The purpose of this meeting is to find out whether we can help you in achieving or moving towards your financial goals. There is no charge for this and no obligation on either side.

After the initial consultation, we will discuss payment options to cover the costs of our services and will not charge anything until an agreement in writing has been reached.

Certain products – non-investment insurance policies and mortgages – can still pay a commission, and so we may work on the basis of a commission, a fee or a combination of both. As before, no costs are incurred without prior agreement, and all prospective earnings are disclosed before work is undertaken.

Fees may be subject to VAT at the prevailing rate, depending upon the type of work undertaken.

Bespoke approach to our fees

Quality comes at a price, but should always be value for money. Every client is unique in respect of their circumstances, objectives, needs and wants from a financial advisory firm. As a result, it is important that we cater for each individual person, family and business. We therefore agree our fees in advance before any charge is incurred, so an informed decision can be made whether to engage us.

Below is a guide to the structure of our fees and charges:

Service

Initial Charge

Ongoing charge for periodic
reviews and servicing work

Advice on using your pension funds to purchase an income at retirement (your retirement income options)

Guaranteed Annuity – 3% of the amount used to buy the Annuity if you go ahead with our recommendations.

For example if the purchase price is £50,000 your adviser charge would be £1,500 (exc. VAT).

N/A.

 

Investment Linked Flexible Annuity/Capped and Flexible Drawdown – 3% of the amount used to buy the Annuity or the amount you invest if you go ahead
with our recommendations.

For example if the purchase price/ investment is £200,000 your adviser charge would be £6,000 (exc. VAT).

Service available for 1% of your Annuity/ Drawdown investment fund per year: service provided at least once per year.

For example, if your investment is worth £200,000 your adviser charge would be £2000 (exc. VAT).

Advising on and arranging lump sum
investments

3% of the amount invested if you go ahead with our recommendations.

For example; if you invest £50,000
your adviser charge would be £1,500 (exc. VAT).

Service available for 1% of your Investment per year: service provided at least once per year.

For example; if your investment is worth £100,000 your adviser charge would be £1,000 (exc. VAT).

Advising on and arranging regular premium investments

An amount equivalent to 25% of the first years premiums, if you go ahead with our recommendations.

For example; if you invest £100 per month (£1,200 per annum) your adviser charge would be £300 (exc. VAT).

Service available for 1% of your investment per year: service provided at least once per year.

For example; if your investment is worth £2,400 your adviser charge would be £24 (exc. VAT).

Our transactional service and ad hoc advice will be charged on a fixed fee or hourly rate to be agreed prior to engagement. Please see our "Key Facts about our service and costs" document for further details. Fees quoted are correct at time of production - September 2015.

The value of investments and income from them may go down. You may not get back the original amount invested.

Financial News

WFI offer both personal and corporate advice on a whole range of financial services including the following:

Personal

Retirement and pension planning
Investing for capital growth or income
School fees planning
Tax planning and mitigation*
Protection against critical illness
Income protection
Inheritance and succession planning*
Long-term care
Private medical insurance
Family protection life assurance

Corporate

Employee benefits implementation and management*
Flexible employee benefits menu systems*
Group and executive
Pension schemes
Group income protection
Group Private Medical Insurance
Group death-in-service and dependants benefit schemes
Partnership and directors share protection
Key person business protection
Advice for your employees if required

*The Financial Conduct Authority (FCA) does not regulate all of these products and services

Sheffield Office

WFI House,
2 Queens Road,
Sheffield, South Yorkshire S2 4DG

T: 0114 2758882
F: 0114 2758001
E: info@wfillp.co.uk

Derby Office

WFI House,
5 Brunel Business Park,
Brunel Parkway,
Pride Park DE24 8HR

T: 01332 296 222
F: 01332 296 333
E: derby@wfillp.co.uk

Lincoln Office

Greetwell Place, Limekiln Way,
Greetwell Road,
Lincoln LN2 4US

T: 01522 548 070
F: 01522 548 071
E: lincoln@wfillp.co.uk

Grimsby Office

27 Louth Road,
Scartho, Grimsby,
North East Lincolnshire
DN33 2ER

T: 01472 278 800
F: 01472 276 422
E: grimsby@wfillp.co.uk

London Office

11 Bruton Street,
London
W1J 6PY

T: 0203 763 5837
E: london@wfillp.co.uk