Fees and Commisions
The initial meeting with a new client is always conducted at our expense and is without obligation.
Once agreement has been reached with the client to proceed with our recommendation, Simple Solutions will charge an initial fee and an ongoing fee for our services. Our clients have the option of paying the initial fee by cheque or by having commission paid to us by the recommended provider.
Clients should be aware that any commission paid to us is deducted from their fund. This can be done as a lump sum at outset or it may be spread over an agreed initial period. In certain circumstances we can receive payment by a combination of a fee from the client and a commission payment.
We will always discuss our fees with you before we proceed on your behalf and agree the method of payment. We also charge a monthly fee that will be a percentage of the fund. This is normally deducted from the client’s fund and paid to us by the Provider but it can be paid direct to us by the client. This is for ongoing reviews that we undertake where we review our preferred funds on a quarterly basis and switch funds where appropriate.
The monthly fee also covers regular face to face review meetings that we have with clients to ensure that their plans are on track.
For more information on our ongoing service proposition please look at the Services page.
The ongoing fee also allows us to provide clients with access to their own secure web page where they will be able to obtain valuations of their funds in real time.
For a more detailed explanation of our services and fees see our key facts document.
If you would like to discuss the above please contact us.