Having discussed matters with you, we may decide not to address all of these nine areas at once, or indeed at all, however we recommend each area is given due consideration.

 

The output from this initial discussion will be the creation of a personal planning report which will outline areas to consider further and broad solutions for each of these areas. It will also act as the platform from which your personalised strategy can be developed. 

 

In setting out a summary of ‘What We Do’, we understand that within the financial services industry, there is a disconnect between what advisers perceive their clients want, and what clients actually want. Ongoing research and experience gained over decades, rather than following the latest trend has helped forge our planning process.

 

In the interests of brevity, we refer any potential clients to an excellent article in the FT dated November 30th, 2018 written by Nikou Asgari and entitled ‘What FT readers really want from their financial adviser’. We would summarise the focus of the article as the "Three T’s" – Transparency, Trust and Tailored Advice. In applying the articles ‘3xT’s’ test to our process, we can state:
 

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TRANSPARENCY

Every CPW client is provided with either a personalised ‘Letter of Engagement’ or a personalised ‘Fee Schedule’ which we require you to sign before any work is undertaken on your behalf. In the majority of cases, our financial planning fees are quoted as a ‘flat fee’ (e.g. £7,250 pa paid monthly or quarterly in arrears), rather than a percentage, unless a percentage basis is requested by our client. Currently, in addition to our financial planning fees, our investment management fees are charged as a percentage (generally between 0.3 and 0.5% pa), however, we quote what that will be in ‘£’ terms at inception and each year thereafter. Our Annual Review documentation restates your financial planning fee and quotes all investment annual management charges from all investment houses.
 

TRUST
Our aim is to become your trusted adviser. We never take this for granted and are acutely aware that trust takes time to build and can be lost in an instant. We take pride in the fact that we have numerous client relationships which we can measure in decades, rather than months or years. That all said, this is an area best left to our clients, and we refer you to the ‘Client Testimonials’ page of this website.

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TAILORED ADVICE

We strongly believe in providing ‘tailored’ or personalised advice. This means we can accommodate most personal preferences, for example, we can build bespoke portfolios to incorporate investment areas which you may prefer, or which will further diversify your existing assets. This discipline has allowed us to develop the suite of solutions we currently offer, but also gives us the flexibility to develop new ones as demand or the environment changes. Part of the tailoring process means that we may deploy trusted partners to assist us in helping to meet your requirements. This highly flexible approach to planning can only be offered, we believe, by an independent wealth manager.

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