OUR FLAT FEEHere’s to change.
Our Wealth Planning Fee: £3,000
UK Pension Transfers
UK Pension Consolidation (multiple schemes)
International SIPPs
QROPS/QNUPS
Offshore Investment Accounts
Offshore Investment Bonds
Offshore Banking & Savings Accounts
Specialist Accounts (France, Portugal and Spain)
Discover what our flat-fee means for you
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Our zero-commission Wealth Planning Fee includes a thorough analysis and deep-dive of your financial situation, as well as the implementation of a holistic financial strategy.
02
Our advice team will first conduct a ‘Client Discovery’ meeting so we can understand your priorities and future ambitions.
03
With this insight, our expert team will work with you to develop and implement a bespoke strategy, underpinned by tax-efficient, cost-effective solutions designed to secure your future financial well-being.
Our Management Fee: 0.85% per annum
Quarterly Investment Reviews
Portfolio Rebalances
Cash-flow Modelling
Monte Carlo Simulation (Stress-testing)
Withdrawals
Tax Queries
Our industry-leading annual management fee pays for maintaining and re-balancing your portfolio in line with your goals and risk profile.
Low running costs pave the way for greater investment potential.
The world is ever changing and markets are no different.
As part of our servicing charter, we perform quarterly reviews with all our clients to ensure advice remains suitable, assess any changes in circumstances and provide market & performance updates.
During these meetings we may take action for our clients to mitigate risk where possible & consolidate gains, or perhaps explore exciting new opportunities based on the latest information and data available.
Don’t worry, we’re also here to look after all the boring stuff, from asset-allocation to withdrawals and taxation.
CASE STUDY 01:
Retirement Planning
John, a married company executive, with 2 grown-up children, had always wanted to retire early and outside the UK. Upon reaching 56, he contacted us having just retired in France.
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John wanted an assessment of his existing retirement provisions. He already knew his expenditure and subsequent income requirements. As such, he required advice on product selection, asset allocation, tax efficiency, and Inheritance Tax. His two grown-up children had finished university and owned their properties. As a result, ‘touch wood’, they shouldn't need any financial assistance moving forward.
John and his wife, Patricia, had 3 specific goals:
1. Gain access and receive management of his UK private pension
2. Confirm they have enough to live off for the next 30 years
3. Protect their assets for their kids
John held the following assets:
Aviva Pension valued at £770k
ISA’s valued at £480k
£370k in cash from a UK property sale
Full state pension contributions
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At our initial free discovery meeting, John completed our Fact Find and Risk profile, enabling us to thoroughly understand his financial position, income requirements, and key objectives.
We also discussed areas John hadn’t considered such as currency risk, ESG investing, and the possibility of him and Patricia returning to the UK after 75.
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John said he required €40,000 per annum from his pension, ideally paid monthly. The issue was his Aviva scheme did not allow flexible access. His only option was to encash the full amount and create a large tax liability. Or, buy an annuity which he did not want to do.
He was unsure what to do with his substantial cash reserves both in terms of investment products but also types of investments held. His bank had offered him an OK rate for a 12-month fixed term deposit account but he had no short-term requirement for the money.
We identified the following requirements:
Regular income and the ability to access larger amounts for holidays, particularly over the next 10 years.
Thereafter, a lower annual amount was needed as they planned to travel less and would also be in receipt of their UK state pensions. There was also the possibility they would relocate back to the UK in their old age, post-75.
There was no short-term requirement for the money, as such, capital growth and tax efficiency were the initial priorities both in terms of capital gains tax and inheritance tax.
We also discussed how cash had never outperformed inflation over the long term and with interest rate cuts due in the next 3-6 months, deposit accounts were certainly not his best option for the majority of his cash.
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We recommended John transfer his Aviva pension to the Novia Global UK SIPP. We allocated his money to a multi-asset-based portfolio specifically geared toward capital preservation, income generation, and capital growth. We set John up on a monthly drawdown basis whilst earmarking an additional €15,000 to be taken every December for the annual vacation.
For John's lump sum investment, we recommended an Assurance Vie, a tax-efficient investment account in France.
His money was invested into low-cost, global equity funds geared towards long term capital growth.
Once set up, we caught up with John and Patricia every calendar quarter to ensure his portfolio stayed aligned with their ever-changing needs as well as market movements
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The fees incurred for the above advice and execution were:
A one-off £3000 initial advice fee.
0.85% per annum, based on the value of the invested assets.
CASE STUDY:
Pension Consolidation
Peter contacted The Wealth Genesis with a situation we see all too often.
He held 6 different pension schemes built up over a period of 17 years working in the UK.
Upon retiring to Spain he was informed he could not access his pension pot as he wished. Certain schemes allowed flexible drawdown whilst others offered full encashment only.
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In total, he had £168k with Aviva, Standard Life, Aegon, ReAssure, Scottish Widows and Royal London. Peter was in receipt of a full state pension and small Defined Benefit company pension.
As such, he needed access on an adhoc basis for holidays, perhaps a new car and other unplanned expenses.
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Throughout our discovery meeting we learned about how confusing the pension transfer industry can be. Peter mentioned a Qualifying Overseas Pension Scheme (QROPS), purchasing 4 annuities and encashing all six pensions.
We discussed the options in depth, explaining that by consolidating the 6 pension into one new pension scheme, that being an International SIPP, he could gain the following benefits;
Flexible access as and when needed
Ongoing management of his pension pot in line with his changing needs.
We discussed the safety and performance expectation of government bonds and money market accounts, how we could partially transition the portfolio to Euros to hedge against the pound dropping and most importantly, protect his money and ensure ease of access when required.
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Peter said he required €40,000 per annum from his pension, ideally paid monthly. The issue was his Aviva scheme did not allow flexible access. His only option was to encash the full amount and create a large tax liability. Or, buy an annuity which he did not want to do.
He was unsure what to do with his substantial cash reserves both in terms of investment products but also types of investments held. His bank had offered him an OK rate for a 12-month fixed term deposit account but he had no short-term requirement for the money.
We identified the following requirements:
Regular income and the ability to access larger amounts for holidays, particularly over the next 10 years.
Thereafter, a lower annual amount was needed as they planned to travel less and would also be in receipt of their UK state pensions. There was also the possibility they would relocate back to the UK in their old age, post-75.
There was no short-term requirement for the money, as such, capital growth and tax efficiency were the initial priorities both in terms of capital gains tax and inheritance tax.
We also discussed how cash had never outperformed inflation over the long term and with interest rate cuts due in the next 3-6 months, deposit accounts were certainly not his best option for the majority of his cash.
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We recommended utilising the Novia Global UK SIPP and investment platform.
We allocated his pension pot to 80% of short term bonds and money market funds with the remaining in low cost index tracking equity funds. This provided Peter with the required growth of 4% per annum after costs with minimal risk.
We hedged 20% of the portfolio into euros to protect him from the short term drop in the pound whilst facilitating a partial pension commencement lump sum (PCLS) of £15,000.
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The Fees incurred for the above advice and execution were:
A one-off £3000 initial advice fee.
0.85% per annum, based on the value of the invested assets.
