It will bring together the firm’s existing wealth and retirement services
Fidelity International has officially rolled out its UK restricted financial advice arm called Fidelity Wealth Management.
Fidelity Wealth Management will bring together the firm’s existing wealth and retirement business.
The newly launched arm will offer investment and retirement services, with plans to expand offering to estate planning, tax optimisation and financial planning in the future.
Clients who require advice for Sipps, Isas, and investment accounts will be charged 1% of the invested sum, subject to a minimum £1,000 fee and a maximum of £10,000 ($13,485, €11,073).
If financial advice is provided to a spouse, partner and/or on investments for minor children and grandchildren, the fee will be calculated on the total sum.
Investment platform Fidelity International has launched a new restricted advice service called Fidelity Wealth Management in the UK today after months of preparations.
Initial advice meetings will be free, but charges will be levied on customers for ongoing advice and for any Fidelity services and products they want to use thereafter.
Ongoing advice will cost 0.5 per cent of the total sum invested, while further one-off advice will cost up to 1 per cent of the total sum invested up to a cap of £10,000.
Investment platform Fidelity International has launched a new restricted advice service called Fidelity Wealth Management
The advice can take the form of a single meeting or annual review and be conducted via telephone, video conferencing, or in-person once lockdown restrictions are lifted.