Integrated costs

Portfolio planning and personalisation should take into consideration all financial needs and objectives.

Effectively the amount of time it takes to conduct estate planning, insurance and general financial planning should be cut by integrated asset and financial management service processes.

If your advisors are conducting estate planning, insurance, pensions, school fees or other work without an integrated analysis of your needs and assets over time, you may well be incurring additional charges and costs.

When you add up the total costs of all advice, transaction charges, fees and the financial consequences of inappropriate portfolio structure, this is where you arrive at the actual cost of wealth and asset management.

If your advisor is not telling you how much he is or not being paid in all areas, including commissions and fees you are probably with the wrong advisors. Your advisor should clearly spell out the total cost structure and they should be aware of the integrated costs of all your financial relationships.