Fee Schedule

****  Our Fee Structure                                                                         -           Jan 2014
At FFP, we separate the financial planning 'advice service' from any 'product sale' issue. For example; if in our discovery or review recommendations we recommend you implement any product, policy or investment, there is absolutely no obligation on you to implement that with ourselves. You are free to implement that product with whomever (intermediary) you choose. While we are confident we will compete very cost effectively for this business, it is ultimately up to you where you place the business.

How we get paid

·         We at FFP are remunerated by way of fees for advice, which will carry VAT. The hourly rate model for all advisory services, new business implementations and financial planning review programmes is as follows:
Advisor Fees:                        €200 per hour plus VAT (currently 23%)
Support Staff:                       €100 per hour plus VAT (currently 23%)

·         In addition, we may earn commissions from product providers, arrangers and lenders (Appendix I) for receiving and transmitting business.  Where a suitable product is identified and commissions become payable, then some or all of this may be offset against any advisory fee charged directly to you. 

·         Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency.

·         In certain circumstances, commission may be payable in the form of an ongoing “trail” payment expressed as a % of assets under management within the product.  This will vary depending on the type of transaction, the product and the institution involved. 

·         We have a menu of service offerings detailed below which you may choose from.


Our service proposition

Our service proposition is divided into 3 broad classifications. The first two involve a monthly direct debit payment to the firm. This is what covers our ongoing service offering. We will explain in detail to our clients what monthly service fee applies on each 'service' menu option chosen below.

1.       Premium                                        -               Full discovery and financial plan (using FFP Financial Planning Software) followed by an annual review meeting. 

2.       Advisory                                        -               Full discovery and financial plan followed by an Annual review meeting

3.       Transactional                                -               Specific transactional business and one-off project service of agreed fee charges. Also implementation of products that are recommended in our discovery and review exercises. See below for transactional & ongoing management fee structures.

 

The monthly direct debit payment to the firm as follows

1.       Premium                                        -               €75/mth + VAT 

2.       Advisory                                        -               €60/mth + VAT

3.       Transactional                -               none - agreed fee on case-by-case basis

 

Our Implementation Fee /Charging structures
At FFP we separate the financial planning 'advice service' from any 'product sale' issue. For example; if in our discovery or review recommendations we recommend you implement any product, policy or investment, there is absolutely no obligation on you to implement that with ourselves. You are free to implement that product with whomever (intermediary) you choose. While we are confident we will compete very cost effectively for this business, it is ultimately up to you where you place the business.

Initial discovery, financial plan and recommendations are covered by the monthly direct debit. We will not charge initial commission for implementation of business but for implementation of recommendations we make then the maximum rates that would apply are outlined below.

1. FFP Premium Service

2. FFP Advisory Service

3. FFP Transactional Service

 

Phase I - Establishment

Phase I - Establishment

Phase I - Discovery, Advice and Establishment

A max of 3% of amount invested .. or

A max of 3% of amount invested .. or

Fees agreed on case-by-case basis with client or if preferable to client then ..

commissions dictated by industry standard rates

An amount equivalent of 25% of year 1 premium for regular premium investments & 90% of year 1 premium for Life assurance policies .. or

An amount equivalent of 25% of year 1 premium for regular premium investments & 90% of year 1 premium for Life assurance policies .. or

Special projects hourly rates:

Financial Advisor - up to €200/hr

Administrator - €100/hr

Special projects hourly rates:

Financial Advisor - up to €200/hr

Administrator - €100/hr

Hourly rates:

Financial Advisor - up to €200/hr

Administrator - €100/hr

Phase II - Ongoing Management

Phase II - Ongoing Management

Phase II - Ongoing Management

0.75% or 0.5% p.a. of portfolio value subject to a minimum of €1,500 p.a. (depending whether quarterly or half-yearly reviews required) - (payable monthly)

0.25% p.a. of portfolio value subject to a minimum of €750 p.a. (payable monthly)

Ongoing service decided by client on case-by-case basis.


Transactional incomes
Where clients engage us to place serious illness cover, life insurance or income protection policies in place for them and are happy to allow the third party insurance companies pay us for our service, we will receive the industry standard commission for that product. These commissions are disclosed to the client in the disclosure quotation illustrations which we issue to them.

We will explain in detail to our clients what commission applies on each product and look to offset any hourly fees incurred against these commissions.

Mortgage intermediary
We will charge an initial arrangement fee of €400 + VAT for going through the process of arranging a mortgage application on behalf of a client. This is payable in advance but will be offset against any lender commission (mentioned below) which we may receive should the case go to completion.

As a mortgage intermediary we expect to be in receipt of mortgage commissions at a rate of up to 0.5% of the value of the amount borrowed.  A list of lenders is in Appendix I.

Deposit intermediary
 We act as a deposit agent for a number of institutions, for which we can receive a deposit commission based on all balances placed with a particular institution. This commission can be at a rate of circa 0.25% of the average balances, depending on the institution. 

Corporate Advisory work
For corporate advisory services, it may be possible to charge a fee at lower than the rate model above and to agree a success fee based on specific criteria within the individual case.

Any changes to these rates will be notified to you in a timely manner. If you have any queries about any of the above please do not hesitate to contact us on 01-6549020.