Hampstead Wealth Management was established to provide the very best independent, fee-based advice.
Our aim is to help our clients understand and make the most of their finances, which may be by achieving specific objectives or through more general management and guidance. In either case, we want to develop long-term relationships that deliver value for money for our clients.
Conventional “product-based” advice or is not the way we want to do business. If you work with us, we will review all the options and often recommend non-commission investments and plans such as National Savings, Self-Invested Personal Pensions (SIPPs) and Exchange Traded Funds (ETFS).
Our team of highly qualified advisers – including Certified Financial Planners and pension specialists – provide pragmatic yet creative input. We also work alongside other professional firms, such as accountants, solicitors, private bankers, insurance brokers and investment managers, to make sure that you receive the best technical input to your financial planning. Importantly, we ensure that all parties are working effectively together.
Your input to the planning process is vital and the more you put in – for example, in the information you provide or the time you spend considering your objectives – the more you will get out.
If we agree that there is a match between the service you want and what we can provide, then would normally provide a written service and fee agreement for your consideration. If you choose to engage our services, this can be for ongoing
It is usually cost-effective for our clients to allow us to complete the final piece of the jigsaw, although not in every case, so we may also tie up all the paperwork, liaise with the organisations to whom we are entrusting clients’ money and ensure it is all set up correctly and efficiently.
Financial Planning develops to take account of your changing circumstances, attitudes, objectives and priorities. External factors will also effect your planning, for example changes in the economic outlook, taxation and product advancement.
Every year, we will help you decide whether you should contribute to ISAs and pensions, use your gifting allowance for inheritance tax and/or plan for capital gains tax mitigation.
We can help with cash management by advising on cash deposits and national savings and clients often use us as a “sounding board” for their own ideas.
You can engage us provide advice on an individual project. No ongoing reviews will be provided and our advice will be limited to the areas you request.
How we are paid
Fees and commission
The fees we charge are ordinarily in line with the value we add. We aim to make reasonable profits, so that we can continue to provide our services into the future.
The services we will provide to you, and the fees we charge, will be documented in our service and fee agreement and presented to you for prior approval.
We have found that charging for time alone can present a barrier to productive communication. However, where it does make sense we charge:
Commission
For non-investment protection business, we are usually remunerated by a commission from the product provider. Commission or any other form of benefit paid to us by a product provider will be fully disclosed to you.
Reward based on time encourages inefficiency and ultimately the firm will not be competitive.
As time can’t be charged, we are constantly looking to demonstrate the value we add by way of our expertise through spotting opportunities to save tax, improve cost savings, enhance potential investment returns and deliver high levels of service. Typically, these are the only things that clients are willing to pay for.
Fixed price agreements encourage us to search out efficiency savings in our work processes. This makes us more competitive and allows us to attract new business, maintain service and grow.
The Financial Conduct Authority (FCA), by which we are authorised and regulated, requires that certain information be provided to the client prior to business being transacted, so that the relationship between the client and the firm is clearly stated and understood.
Welcome to Hampstead Wealth Management
Hampstead Wealth Management was created to provide high level, fee based financial advice.
We work with you to make sense of your finances and ensure that you are making the best use of your money. Our advice is creative, yet pragmatic and, with regular reviews, evolves as your own objectives and circumstances develop.
We are not in the business of “selling” financial products and aim to have an open, transparent and beneficial relationship with our clients. We also work alongside other professional firms to help achieve your financial objectives.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves.
