Financial Planning Service Fees

We begin with a short phone call to better understand your situation and introduce Mearns & Company and our process (including likely advice fee). We then offer a no-obligation meeting, held either in our Edinburgh office or online, to discuss your situation and goals in more depth.

Before your meeting, we’ll ask you to complete a short set of forms that help us understand your financial position, priorities, and attitude to risk. This allows us to prepare thoroughly in advance, so we can focus on delivering meaningful insights and maximum value during your meeting.

This is your opportunity to get to know us, and for us to assess whether our service is the right fit for your needs.

Our initial one-off fee covers:

• A full analysis of your financial situation
• A bespoke strategy with detailed recommendations
• A comprehensive written report
• Implementation of the agreed financial planning strategy
• Typical initial fees range from £1,850 to £8,560, depending on the complexity of your circumstances for example: the number and type of your existing accounts to be reviewed as well as your situation and planning needs.

We calculate this fee based on the scope of work required and communicate it clearly in a proposal letter after your initial meeting.

Our ongoing service will provide you with the following benefits:

• Staying Aligned: We ensure your financial strategy remains in line with your goals and changing circumstances.
• Adapt Quickly: We help you respond to life events, market shifts, and tax changes with timely adjustments.
• Enjoy Peace of Mind: Your finances are actively monitored and managed.
• Achieve Tax Efficiency: We maximise allowances and minimise liabilities through proactive planning.
• Optimise Investments: We rebalance portfolios to maintain performance and manage risk.
• Plan Ahead: We incorporate retirement, estate, and inheritance strategies seamlessly.
• Receive Personalised Support: You have access to tailored advice and guidance from your dedicated Chartered Financial Planner and our team of technical experts whenever you need it.

 For ongoing management and review of your financial affairs, our fees are based on investments under our management:

• 0.75% on investments under our management of up to £1 million
• 0.25% on the next £2 million
• For investments under our management of over £3 million, we’ll agree a bespoke fee arrangement with you

Example: a client has a portfolio under our management of £1,500,000. Our annual fee would be £8,750 (0.75% of £1,000,000 plus 0.25% of £500,000). This equates to an effective overall rate of 0.58% on the full portfolio value.