Our approach is fair and transparent
At every step of your financial journey, we provide transparent and clear fee structures. Our fee structure reflects the service we provide.
Download our detailed Fee Guide and Initial Disclosure Document
Our Charges (Summary)
All fees are agreed in advance and confirmed in writing before any work is undertaken.
Initial consultation & review
No charge.
Implementation (initial) fee example
For new investments which is a new product or a technical pension transfer: Typically Up to 2% of net funds invested/transferred, capped at a maximum of £7,500.
Take over of Existing Investment / Pension Arrangement
Typically a fee of £1000 to cover report writing, transferring servicing rights and any initial fund switch.
Ongoing service
(annual)
Includes scheduled reviews, portfolio monitoring, income and capital payments and ongoing access to advice as set out in our disclosure document.
The fees as noted do increase with value due to liability cost of advice and higher investments generally bring more complex advice and needs which is reflected in the fee structure.
(For ongoing services we charge a fixed fee as this is a service. We do not charge a % as many IFA firms do, as we believe this is a fairer methodology to our clients for the service provided rather than applying a 0.5% to 1% charge per annum.)
For full details of our services, fees and payment options, please refer to our Initial Disclosure Document.
No charge for initial consultations and financial reviews
Our initial consultations are always free of any charge. We will discuss your financial needs and give you the chance to ask any questions. We will explain the services we provide and outline any charges that may arise. (Please note if you are a new client to Burfield, our services and charges are unlikely to be suitable for investable assets of less than £150,000)
If you wish to proceed further we will arrange to collect details on any existing arrangements you hold and conduct a full fact find meeting. This would be without cost to you.
Finally, we provide a personal recommendation.
Only if you would like us to implement our recommendations would a charge be made.
Our Fees are Capped
Typically our initial charge would be a maximum of £7,500
Our ongoing fees do no exceed £3000 per client
