Cost Benefits

It is still the case that the vast majority of financial advisers in the UK derive the bulk of their income from commission. This means that in order for them to be remunerated in relation to the advice offered, they must sell a plan or policy to a client. In other words their income is entirely conditional on making a sale, regardless of whether or not it is appropriate or suitable. It is our belief that this model simply does not work.

The Provisio Difference

With Provisio, you pay a single annual fee for our advice which is based upon the total invested assets held on the Wrap platform. This fee covers the ongoing management and review of your financial plan and investment portfolio. At the outset, there is a one-off implementation fee equal to one year’s annual fee. This fee covers the cost of the future cash flow analysis, risk assessment, financial planning advice and the transfer and re-registration of your existing assets onto the Wrap platform.

The Cost Benefits

Our extensive use of low cost ETFs in the provisio model portfolios means that fund management costs are a fraction of comparable wealth management services. Since we derive our income from the annual fee and not from commissions generated by the sale of investment funds or investment products you can be assured that the advice we give and the strategies we implement are in your best interest at all times. After all, the fee is based on the value of assets on the Wrap platform so it’s in our interest to maximise their value and your portfolio’s performance, at all times.

Non-Investment Transactions

Where it is appropriate we may recommend insurance policies as an essential part of your wealth management strategy. We will select the most cost effective contract for the required purpose from the overall marketplace. Since this is not a requirement for all Provisio clients, it is not covered within the annual fee. Rather than charge you a separate fee for this service we will typically receive commission from the provider for arranging these contracts of insurance. Details of these commissions will be provided to you before entering into any contract of insurance.