We want you to have clarity on how we charge for advice
Fees and charges in wealth and investment management can be confusing – we always want you to have complete understanding of what you’re paying and, more importantly, the confidence of knowing we offer the best value in the market*.
Here you’ll be able to explore and understand…
The value of your ‘no fee no obligation’ Financial Plan based on an understanding of your needs and goals.
The difference between our Ongoing Advice and One-off Advice Services in terms of benefits and fees.
How we compare with other companies like us in our approach to pricing and fees.
Why you're better off with SPW
Be up to £18,000 better off* with SPW's leading fees and charges.
As a client of SPW you could save up to £18,000 in fees on an investment of £200,000 over 10 years when compared to the most expensive firm. That means more money to invest for your future and less money spent on fees.
The graph below shows the potential fee difference on an investment of £200,000 over 10 years with an assumed growth rate of 5% per year. The graph and projections are based on fee information sourced from third parties. This information may change at a future date and should not be relied upon when making investment decisions.
SPW were best value amongst all 10 firms assessed. We show ourselves below against a selection of competitors.
Source: Schroders Personal Wealth, March 2024.
We rank first* against our peers on an example of £200,000 invested over a 10-year period
*Compared to 10 leading wealth management firms who have similar products and advice services to Schroders Personal Wealth. Figures include one off, initial, platform and investment costs and are rounded to the nearest thousand.
The value of investments and the income from them can fall as well as rise and are not guaranteed. The investor might not get back their initial investment.
Why SPW
Value – it’s a little word that means a lot – in short, it’s the balance between how much you get, and how much you pay.
At Schroders Personal Wealth, our clients are at the heart of everything we do and our key focus is on delivering the best value for them.
We want to improve the way financial advice is offered, by making it simple, accessible and affordable to more people. For us, it’s about more than just financial advice.
To view more information about the current benefits you receive at the moment see below
Ongoing Advice
Your access to regular expert advice and support – helping you get the most out of your finances – whatever life throws at you.
One-off Advice
A simple way to start your financial journey – bringing your initial financial plan to life and setting up your portfolio.
How our fees work in practice
Our goal is to remain competitive for advice fees and charges, offering you the best value. See how this works for people like you in the following examples…
Questions you may have
Why are we changing your fees?
We are evolving our approach to advice fees and charges – to provide greater simplicity and clarity, ensuring we continue to offer you the best value.
It is important to note that our headline fees are not changing, this means we will continue to provide you with the best value for money*
Our pricing review is not about simply increasing our fees but ensuring these are applied in a fair way and that we are entirely transparent with you regarding the fees you will pay.
*compared to 10 peers.
Why are you writing to me so far ahead of the change?
SPW is committed to being fully transparent regarding the fees that will apply if you need our advice services in the future.
We are writing to you now as we know that our fees and charges are an important aspect of our service.
We will also ensure that any new clients we speak to in the coming weeks are made fully aware of all of the changes before they become a client of SPW.
Is the 1.75% One-off Advice Fee changing?
We are not changing the 1.75% One-off Advice Fee that applies on the amount you invest but we are changing the maximum cap that applies for this fee from £9,975 to £20,000.
When comparing our fees to a group of 10 other firms we came out best for value. On an investment of £200k over 10 years you could save up to £18k in fees with SPW.
To give you confidence, we worked with a world-renowned independent consultancy to find out how our charges compared to 10 leading wealth management firms. This research found that on an investment of £200k over 10 years you could save up to £18k in fees with SPW. **
** on an investment of £200,000 over 10 years with an assumed growth rate of 5% per year.
Will I be charged to make a top-up to an existing investment?
If you have our Ongoing Advice Service you can make top-ups to your existing investments at no cost after an initial 12 month period. If you choose to top up your existing investments in the initial 12 month period a fee of 1.75% on the amount you are adding will apply.
For One-Off Advice clients, a £500+VAT Advice Review Fee would apply plus a 1.75% One-off Advice Fee charged on the new money invested. These charges reflect the commitment of time required to provide the detailed and high-quality financial advice and support needed to deliver these changes.
More information
If you have any questions, simply call us on 0808 109 2071 or if you are an Ongoing Advice Service client, you can speak to your Personal Wealth Adviser who will be able to help.