Westminster Wealth Management LLP

: 167 Fleet Street, London, London, EC4A 2EA

: https://www.westminster-wealth.com/

: FCA Number: 490519

Number of Employees

No. of Financial Advisers: 60
No. of Employees: 130

Westminster Wealth Management brings together a wealth of experience from across the financial services sector.

As a fully independent financial advisory practice, we pride ourselves on offering exceedingly high levels of personal service. This has resulted in long-term relationships with our clients who are confident that we can consistently deliver a valuable service time and time again. Specialising in a holistic approach to financial planning, we help our clients plan for the future by building robust wealth creation and protection models incorporating products from the whole of the market.

Criteria

Min Pension Fund Level: £200,000
Min Wealth Fund Level: £200,000

Fees

For full details please see our Costs page here: https://www.westminster-wealth.com/prices

Our costs are clearly laid out before any action is taken or any fees become payable.
You will be given a fee and service agreement to discuss with your Adviser which will explain exactly which costs are for which services and, depending on your requests, where any additional costs or discounts will be applied.

Flexible Payment Terms

Our terms and methods of fee structuring are completely flexible in order to best meet the varied needs of clients. A Client Disclosure Document will be sent to you, giving a full breakdown of our costs and services.
Most commonly clients elect to pay a traditional fee structure of a pre-planning fee which covers your integration, fact finding sessions and an assessment with an experienced Account Manager or Independent Financial Adviser.
A planning fee covers the research and presentation of your current standing with an assessment of the steps needed to reach your financial goals given your circumstances.
The investment advice implementation fee is charged at a variable rate between 0.50% and 1.5% based on the amount you are investing. This is on a tiered basis and is a transactional fee, covering your advice on the capital allocation, custodian or platform selections, optimal tax wrappers and the appropriate underlying investments.
However, some clients elect to pay for work on an hourly rate basis which is a variable amount depending on your Adviser, their level of qualification and the complexity of the work being undertaken. This is usually between £150 - £500 per hour.
There is also an option to pay a fixed per project amount which can be discussed with your Adviser. This will be a single fixed payment amount to cover all work undertaken for that project, set between you and your Adviser.

Breakdown of Our Costs

Pre-planning

Engagement & Discovery

£850

Client integration or re-integration. Getting to know you and your circumstances and objectives in an hour meeting with an experienced account manager or Independent Financial Adviser.

Planning

Understand & Agree Direction of Travel

Simple: £750 / Complex: £1,500

Presentation of where you stand in relation to your goals and objectives. For some clients a quantifying and prioritisation of shortfalls may be sufficient, for others it is necessary to research complex existing products or create a detailed financial model.

Investment Advice & Implementation

Analysis, Presentation of Advice & Implementation
Charged as a percentage of funds invested on a tiered basis

First £250,000: 1.50%

Next £750,000: 1.00%

Over £1,000,000: 0.75%

Over £5,000,000: 0.50%

Connecting your present situation and goals by providing advice on the capital allocation required, custodian or platform recommended, optimal tax wrappers, and the appropriate underlying investments. Supporting the implementation through to successful conclusion.

Ongoing Costs

Continuing Oversight & Maintenance
Charged as a percentage of funds invested on a tiered basis

Ongoing: 0.75%

Over £1,000,000: 0.60%

Over £5,000,000: 0.50%

Your IFA may also adjust the ongoing fee based on the complexity of work necessary as well as the amount invested.

In simple advice circumstances your IFA may offer a 0.25% discount. In complex advice circumstances your IFA may add a 0.25% surcharge.

Later Life cases are charged as standard in our terms of business but with a minimum fee of £3,000.

Initial Fees as % of investment:: 1.50%

Ongoing Fees as % of investment as annual charge:: 0.75%

Social Media

Westminster Wealth Management LLP is based in London, has 50 financial advisers and 5 mortgage brokers in Financial Services. Westminster Wealth Management LLP is registered with the FCA (registration number: 490519). You can check the firm registration with the FCA here.

Westminster Wealth Management LLP are approved by the FCA to give advice on:

Pensions & Retirements
Financial Planning
Investments
Mortgage
Equity Release
Life Insurance
Insurance
Commercial Insurance
Debt

Note: Permissions displayed are inherited from the Principal Network. Explicit limits for this Appointed Representative are governed by private contract.

Directions to Westminster Wealth Management LLP from the Motorway

From the M1, proceed to Staples Corner and take the first exit. Next, use the A406 (E) ramp towards N Circular / Central London / Wood Green / Golders Green. Merge onto N Circular Road / A406. Take a slight left onto the ramp leading to Kilburn / Cricklewood. At the roundabout, take the third exit and ramp onto Brent Cross Flyover / A41. Continue on this route to follow A41.
Next, continue onto Avenue Road / B525 and continue to follow Avenue Road. Take a left turn onto Outer Circle, followed by another left turn onto Gloucester Gate. Turn right onto Albany Street / A4201 and keep forth to stay on Albany Street / A4201 while following A4201. Turn left onto Euston Road / A501.
Afterwards, make a right turn onto Upper Woburn Place / A4200, continue following A4200 as you enter and leave toll zones. Enter toll zone in 290m, leave toll zone in 750m and re-enter toll zone in 800m at Southampton Row.
Turn left onto Theobalds Road / A40 / A401. Then, take a right turn onto Drake Street / Procter Street / A40. Stay on the left side to continue on Drake Street / Procter Street / A40. Follow A40 while leaving and re-entering the toll zone in 750m.
Turn right onto New Fetter Lane / A4. Continue following A4 while leaving and entering toll zones. Finally, make a left turn onto Fleet Street. Leaving and re-entering toll zones will be necessary. The destination will be on the left side.

List of advisers under Westminster Wealth Management LLP:

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Investment Risk Warning: Buying investments can involve risk. The value of your investments and the income from them can go down as well as up and is not guaranteed at any time. You may not get back the full amount you invested. Information on past performance is not a reliable indicator for future performance.

Mortgage Risk Warning: Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.