Services
How can we help?
Our service is a combination of independent financial advice and discretionary investment management.
In a world of multiple disciplines we work in tandem with your accountant and solicitor to provide an increasingly rare ‘one-stop’ financial service.
Financial
Planning
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Independent and personalised financial advice.
We offer our clients advice to tackle the challenging world of finance. We work with you to set out an achievable plan, addressing current and future scenarios.
We make your finances easy to understand and help you to navigate your way through the complex world of life assurance policies and pensions.
Our advice is structured to suit your personal circumstances, so whether your priority is to protect your income, consolidate pensions, prepare for retirement or address the question of inheritance tax, we can help.
Discretionary
Investment
Portfolios
2
In-house portfolios tailored to meet your individual investment objectives.
Discretionary investment management is the top tier service available to private clients, allowing you to delegate investment decisions to us. Each portfolio is constructed around you and your attitude to risk, taking into account your specific requirements be it capital growth, a reliable income or a blend of the two.
Backed by our 50 years of experience, we manage the investments on your behalf, giving you the freedom to focus on your life and spend less time managing your money.
Our portfolios are all managed in-house and coordinated by our investment committee. We invest across multiple sectors, geographies and asset classes ensuring a broad spread of risk.
Capital Gains Tax is changing again in 2024
“We have always had great confidence in the advice and services you have provided.”
Client since 1993
Fees and charges
Montgomery Associates’ charges are designed to be transparent, straightforward and highly competitive. All clients using our Bespoke service benefit from both financial planning and discretionary investment management under a simple all-inclusive fee structure. Ad hoc financial advice is also available to clients and their family members as a Wealth Report, with charges starting at £2,000.
Initial fee
1.0% of the amount invested, reducing to 0.5% for sums over £1m.
Annual management charge
1.0% per annum of the amount invested, reducing to 0.5% for sums over £1m.
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Montgomery Associates’ charges
The 1% initial fee of £3,000 would apply to an investment of £300,000.
The 1% annual management charge is raised from the portfolio on a monthly basis equating to £250 per month (£3,000 per annum).
Financial planning is included in most cases at no extra charge.
Platform and fund manager fees
Platform fees are applicable at the prevailing rate ranging from 0.05%-0.5% depending on the sum invested. For example, Transact charge 0.26% for sums up to £600,000.
Fund manager fees depend on the funds selected and can vary from 0.25% to 1.00% or more.
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Montgomery Associates’ charges
The 1% initial fee of £7,500 would apply to an investment of £750,000.
The 1% annual management charge is raised from the portfolio on a monthly basis equating to £625 per month (£7,500 per annum).
Financial planning is included in most cases at no extra charge.
Platform and fund manager fees
Platform fees are applicable at the prevailing rate ranging from 0.05%-0.5% depending on the sum invested. For example, Transact’s charge reduces from 0.26% to 0.17% for portfolio values between £600,000-£1,200,000.
Fund manager fees depend on the funds selected and can vary from 0.25% to 1.00% or more.
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Montgomery Associates’ charges
The 1% initial fee reduces to 0.5% for sums exceeding £1m so the effective initial fee would equate to 0.83% or £12,500.
Similarly, the 1% annual management charge also reduces to 0.5% for sums exceeding £1m and is raised from the portfolio on a monthly basis. This equates to an effective annual management charge of 0.83% or £1,041 per month (£12,500 per annum).
Financial planning is included at no extra charge.
Platform and fund manager fees
Platform fees are applicable at the prevailing rate ranging from 0.05%-0.5% depending on the sum invested. For example, Transact charge 0.26% for sums up to £600,000 then their fee reduces to 0.17% up to £1.2m and reduces again to 0.07% for sums between £1.2m - £5m.
Fund manager fees depend on the funds selected and can vary from 0.25% to 1.00% or more.
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Montgomery Associates’ charges
The 1% initial fee reduces to 0.5% for sums exceeding £1m so the effective initial fee would equate to 0.70% or £17,500.
Similarly, the 1% annual management charge also reduces to 0.5% for sums exceeding £1m and is raised from the portfolio on a monthly basis. This equates to an effective annual management charge of 0.70% or £1,458 per month (£17,500 per annum).
Financial planning is included at no extra charge.
Platform and fund manager fees
Platform fees are applicable at the prevailing rate ranging from 0.05%-0.5% depending on the sum invested. For example, Transact charge 0.26% for sums up to £600,000 then their fee reduces to 0.17% up to £1.2m and reduces again to 0.07% for sums between £1.2m - £5m.
Fund manager fees depend on the funds selected and can vary from 0.25% to 1.00% or more.
How it works
There is no charge for exploratory meetings where we can meet, understand your requirements and explain our service.
Once you have agreed to join as a client, our initial fee covers a full assessment of your finances, any time-critical advice and the establishment of the discretionary investment portfolio. We cover an overview of your accounts and their tax efficiencies, an evaluation of income & expenditure, inheritance tax estimates and more. We make contact with your existing account providers, solicitor and accountant if necessary to gather relevant information to prepare our Suitability Report and recommendation.
Our annual management charge covers the ongoing management of the portfolio, asset allocation, strategic and tactical adjustments to the underlying holdings and set income arrangements. Ongoing financial planning is included in all but the most complex cases where additional charges may apply. Clients receive Quarterly Statements as well as an Annual Report. All activity on the account including transactions, fees and charges are summarised neatly for you.
Fees are raised automatically directly from the investment account, with initial fees raised at inception and annual management charges raised on a monthly basis calculated on the portfolio’s total.
We do not charge for withdrawals, often referred to as exit penalties or redemption fees.
Please note: All annual fee examples assume the portfolio’s value remains unchanged. Please contact us for a worked example based on your specific portfolio.
“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”
Warren Buffett
Client case study
“It was quite by chance that I was made aware of the existence of Keith Montgomery Associates when they advised my late mother in law enabling her to maximise her assets and ensure that her final years were passed in comfort.
I was so impressed with their expertise that I asked them to take over the management of my assets from another highly reputable adviser. I have never regretted doing so. In fact their services are now benefiting three generations of our family who have now sought advice over the full range of their services.
Quite apart from their courteous and friendly service their particular strength is the ability to interpret our needs correctly and to explain the various options in a clear and immediately understandable way.”
Client since 1985, Professor - OBE
Discretionary Investment Management, ISAs, Pensions, Life Assurance and estate planning across three generations.
