Hurst Financial Consultancy Limited Salisbury - Independent Financial Advisers IFA

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MEET THE STAFF

COST OF OUR SERVICES

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Hurst Financial Consultancy Limited

Chequers Court, 33 Brown Street, Salisbury, Wiltshire, SP1 2AS

key facts

1. The Financial Conduct Authority (FCA)
The FCA is the independent regulator of financial services. It requires us to give you this document when advising on some savings and investments. You may use this information to compare value for money, to shop around and to decide which firm to use./p>

2. Our services
We offer an initial discussion (without charge) when we will describe our services more fully and explain the payment options. If you decide to go ahead, we will: gather and analyse personal information about you, your finances, your needs and objectives; recommend and discuss any action we think you should take and, with your agreement, arrange relevant investments for you.
3. What are your payment options?
Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you have. We will not charge you anything until you have agreed how we are to be paid. We have ticked the payment options we offer.
√	Paying by fee. Whether you buy a product or not, you will pay us a fee for our advice and services. If we also receive commission from the product provider when you buy a product, we may pass on the full value of that commission to you in one or more ways [For example, we could reduce our fee; or reduce your product charges; or increase your investment amount; or refund the commission to you] or we may retain said commission in contribution to our overall remuneration/fee.
√	Paying by commission (or product charges). If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product provider's own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier.
√	Paying by combination of commission and fee. In some circumstances, we also charge a fee on top of any commission we might receive.

4. How much might our services cost?
If you choose the fee option We will agree the rate we will charge before beginning work. We will tell you if you have to pay VAT. Our typical charges for providing financial planning services will be between 3% and 7% of any amount that is likely to invested. You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first.
If you choose the commission option Tables 1 and 2 show examples of the amounts of commission we could receive (or the equivalent we earn through product charges) and compare those amounts with the market average (see notes 1 & 2 at the end of this section 4). The amounts vary according to: the type of product, the amount you invest, and (sometimes) how long you invest for, or your age when you start the product. We will confirm the actual amount to you before you buy a product.

If you choose the combination of commission and fee option We will charge you a combination of fees and commission. The actual amounts will depend on the service provided to you but will not exceed the total of the maximum costs set out in this document.

Table 1 - Commission if you invest monthly
Products	Example term or age	Comparison Of Costs		Example based on £100 per month
		Our maximum	Market average	This shows the maximum costs of our sales and advice for a monthly investment or premium of £100, ignoring any changes in fund value
Savings and investments
Collective investments (eg unit trusts)	Any	5.00% of premium plus 0.5% of your fund value	27.1% of the first 12 months payments	£60 each year plus 0.5% of your fund value each year
Endowments	10 year term	44% of the first 12months payments plus 2.5% of all payments from month 18	32.3% of the first 12months payments plus 2.5% of all payments from month 18	£528 initially plus £30.00 each year
Protection
Whole of life assurance	Age 40	150% of each of the first 12 months payments plus 2.5% of all payments from month 49	101.6% of each of the first 12 months payments plus 2.5% of all payments from month 49	£1800 initially plus £30 each year from month 49
Saving for retirement
Personal and Stakeholder pensions	25 year term	66% of of each of the first 12 months payments plus 0.5% of your fund value each year from year 1	8.8% of of each of the first 12 months payments plus 0.5% of your fund value each year from year 1	£792 initially plus £6 in year 1, £12 in year 2 and so on. (The actual amount in later years will vary in line with your fund value.)
Personal and Stakeholder pensions	10 year term	35% of of each of the first 12 months payments plus 0.5% of your fund value each year from year 1	14.4% of of each of the first 12 months payments plus 0.5% of your fund value each year from year 1	£420 initially plus £6 in year 1, £12 in year 2 and so on. (The actual amount in later years will vary in line with your fund value.)

Table 2 - Commission if you invest a lump sum
Products	Example term or age	Comparison Of Costs		Example based on lump sum of £10,000
		Our maximum	Market average	This shows the maximum costs of our sales and advice for a lump sum investment of £10,000, ignoring any changes in fund value
Savings and investments
Collective investments (eg unit trusts)	Any	5.00% plus 0.5% of your fund value each year from year 1	3.70%	£500 initially plus £50 each year from year 1 (the actual amount in later years will vary in line with your fund value)
Investment bonds	Any	8% plus 1% of your fund value each year from year 1	4.94%	£800 initially plus £100 each year from year 1 (the actual amount in later years will vary in line with your fund value)
Saving for retirement
Personal and Stakeholder pensions	Any	8% plus 1% of your fund value each year from year 1	4.54%	£800 initially plus £100 each year from year 1 (the actual amount in later years will vary in line with your fund value)
At retirement
Annuities	Any	2.00%	1.40%	£200 initially
Income drawdown	Any	7.00% plus 1% of your fund value each year from year 1	5.08%	£700 initially plus £100 each year from year 1 (the actual amount in later years will vary in line with your fund value)
Notes: The market average figures are calculated by the FCA using actual data from a representative sample of regulated firms and are shown in a way that you may compare with our own maximum rates. The market average figures will be updated by the FCA from time to time based on new data. Where a firm sells its own products it must calculate its figures according to FCA guidelines.

5. Further Information

If you need any more help or information

ask your adviser; or
visit www.fsa.gov.uk/consumer