Fee for Service

At Chris Humphrey Private Wealth Management, we operate on a fee for service model. A fee-for-service model is very different from a commission model, which has been the traditional method of remuneration adopted by many financial planning practices. Our fee model allows clients to choose the amount of service and financial advice they require. In essence, it is a user pay approach - we do not assume that the more money you have, the more financial advice you need.

The fee charged depends on:

• the time taken to complete the service;
• the degree of complexity and level of expertise required to complete the services; and
• any risks associated with providing the service.

We split our investment advice and associated portfolio management from financial advice.  This allows us to charge clients according to their needs: investment and/or financial advice.

Financial Advice

We encourage our clients to receive a comprehensive financial plan when they first come to us because it facilitates an understanding of your personal situation, so we can provide the right advice for you.  In most cases, a comprehensive financial plan will remain effective for many years.

Reasons for having to change a comprehensive financial plan may include:

• legislation changes; and
• changes in personal circumstances (eg health, marriage/divorce, change of job/careers, change of countries, etc).

We encourage clients to participate in a yearly review to ensure their financial plans remain current, changing according to their needs.

Investment Advice

Our investment advice and associated portfolio management fees are based on the time spent on client portfolios.

All of our Investment Portfolio Management fees include:

• Monitoring the investment performance of investment managers
• Seeking new investment managers and replacing them when required
• All fees and commissions from investment products will be credited to your cash management trust on receipt
• You will receive secure access to view your investment portfolio online
• We will respond within 48 hours to any telephone, fax or email queries from you
• Any associated investment administration
• Answering portfolio investment queries
• Possible Strategic review meeting(s) to ensure that your financial plan remains relevant and on track to achieving your goals
• Year-end tax reports and clarity around them
• ‘Unlimited’ general financial advice (subject to fair use).