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We believe that understanding the fees you pay is an essential part of knowing whether the financial advice you get and the products you invest in are right for you.
Approximately, how much money do you want to invest?
£120,000
Your total annual ongoing cost would be
£1,968
which works out at
£
164
per month
Fees based on:
0.50%
Ongoing Advice Fee*
0.40%
Ongoing Platform Fee**
0.75%
Ongoing Investment Charge***
%
Total Annual Fee
*Based on our Central Advice Service. Wealth Management Partner fees may vary.
**The Platform Charge is calculated using a tiered charging structure and applies to all invested assets held on the True Potential Platform.
***Typical fee, exact cost will depend on your Portfolio and fee may vary over time. Our current Portfolio fees can be found on our Portfolio Factsheets.
What you’ll get for your money
You’ll pay a combination of advice, platform and investment fees.
We explain each cost below so you can clearly see what you pay, what you get and how it affects your investment.
Your Ongoing Advice Fee includes
Your 0.50% advice fee provides:
A review of your financial plan at least once a year
Access to advice when you request it
Updates to your plan if your circumstances change
Your Ongoing Platform Fee includes
You pay a percentage of your invested asset total per year to use the platform that holds and manages your investments. This means the Platform Charge percentage rate you pay will be based on the value of your invested assets on the True Potential Platform, and as they grow, your rate will reduce. The charging structure is shown in the table below:
Total value of your Invested Assets on the True Potential Platform
Previous Flat Platform Charge
New Tiered Platform Charge
First £150,000
0.40%
0.40%
Next £350,000
(over £150,000 to £500,000)
0.40%
0.30%
Next £4,500,000
(over £500,000 to £5000,000)
0.40%
0.20%
Amount above £5,000,000
0.40%
0.00%
Your platform fee provides:
Safekeeping of your money
24/7 access by app and online
Dedicated customer support
Free top ups and transfers in
Your Ongoing Investment Charge includes
You’ll also pay investment costs, the fee equates to all Ongoing Charge Figures levied by the funds within your portfolio so exact cost will depend on your portfolio. These charges reduce your returns and are not charged as a separate fee you see deducted. These are taken within your investments and cover:
Management of the investment funds
Providing fund administration
Paying all trustee and depository fees
Ensuring accurate fund accounting
Discretionary management at no extra cost
This is included at no extra cost to you.
Independent oversight of your portfolio
Multi-layer diversification
Exposure to world-class asset managers
An active approach to allocating your money
All fees listed on this page relate to ongoing fees. You may also pay a one-off initial advice fee of up to 4% when you invest through a financial adviser.
For example:
£50,000 investment → up to £2,000 initial fee
We’ll always confirm this fee with you before you proceed.
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Brought to you by True Potential Wealth Management.
True Potential Wealth Management offers restricted financial advice. Our service is specifically designed for clients wishing to access their financial affairs online.
With investing your capital is at risk. Investments can fluctuate in value and you could get back less than you invest.
Tax is subject to an individual’s personal circumstances, and tax rules can change at any time.
True Potential Wealth Management LLP is authorised and regulated by the Financial Conduct Authority, FRN 529810. www.fca.org.uk
Registered in England and Wales as a Limited Liability Partnership No. OC356611.
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