Roundhouse Business Park, Leeds, LS12 1AH
Telephone: 0113 244 9811
Email: enquiries@dbaca.co.uk
DBA
Fees
The DBA Wealth Management approach to strategic financial planning and investment advice represents a major departure from the traditional UK model that has historically been based upon commission based financial advice. The traditional model relies primarily upon the financial adviser selling insurance and investment products to investors, many of which contain high (and often hidden) internal fees and charges.
Put bluntly, the traditional UK proposition has seldom served the best interests of clients because it has grown up around the interests of the investment and insurance product providers. There is also a material conflict of interest for the financial adviser, who is compensated not by the client but by the sales commission being paid by the product provider. In this environment, the interests of the client have far too often been left out of the equation.
At DBA Wealth Management, we take the traditional model and turn it on its head.
- We believe that it is you, the client, who always comes first in every situation. Our sole objective should be your well-being
- We believe all charges should be clear and transparent, not hidden.
- We believe that we should remain your impartial ally, compensated by transparent fees rather than sales commission paid by product providers. In our philosophy, there is no room for conflicts of interest.
- And critically, we believe that an investment strategy should be developed only after first understanding your comprehensive long term needs - both financially and emotionally.
We protect the impartiality and integrity of our advice by charging fees for the services we provide. We do not accept commissions from product providers for selling investment products.
The fees that we charge fall into two categories:
- Fees for strategic financial planning
- Fees for investment ongoing investment advice and monitoring
Strategic Financial Planning
We normally begin our relationship with you by conducting a strategic review of your financial position. This enables us to clearly define your short, medium and long term financial strategies.
We charge an initial planning fee which covers the cost of this review and any subsequent work required to re-organise your financial affairs so that they are aligned with your agreed strategy. In our experience, the initial planning fee can vary depending on the complexity of your affairs. The scope of the work involved will become apparent at our initial "discovery" meeting. Following this we will be able to provide you with a firm estimate of the initial planning fee.
Investment Advisory and Monitoring Fees
Our fees for providing an ongoing investment advisory service are levied as a percentage of the overall value of the assets upon which we provide advice. The fee is levied on a declining percentage basis, reducing as the size of your investment portfolio increases.
