Our Charges
Independence of thought through transparent remuneration.
As independent planners, should a financial product be required we are able to select the most appropriate solution from across the market. We believe this independence is to the benefit of our clients but of far greater importance is our independence of thought which derives from the fact that we are not solely remunerated through product sales. Whether our service is funded by separate fee, by commission or by a combination of the two will depend upon your preferences and what makes most practical sense. How our service is funded is largely unimportant, what is important is that we will charge for the advice we provide whether this involves the sale of a product or not. We do not provide advice on a speculative basis since we do not believe we have the right to ask our clients to cross subsidise our prospective clients.
At the Initial Meeting
There will be no cost for the initial consultation. At the meeting we will explain exactly how we get paid. Only then if you are satisfied will we continue with the advice process.
- Ongoing Advice and Review by monthly retainer:
The amount of the retainer will depend on the level of advice required and will increase inline with inflation, every year. - Implementation:
Should you buy a packaged product we will charge a fee for the implementation of this product. Our fee is equal to the commission received from the provider from which this product is bought. We will tell you in advance the amount of commission payable to us on any such investment, insurance or finance arrangement.
Any commission received from the provider will be used to automatically offset the outstanding fees charged to yourself for the implementation. Should you cancel any policy/product, finance arrangement implemented by PSG Consult, for whatever reason during the commission indemnity period and the provider subsequently claws back commission related to that product, an amount equal to that that clawback amount will become repayable to PSG Consult immediately. The standard commission indemnity period is 4 years from inception.
In some cases our advice is purely conceptual and does not lead to the implementation of any new financial arrangements. In these instances paying by fee is the only option. We will tell you in advance what the cost will be and will only continue with your consent. - Investments under influence and Investments under management:
We receive Management fees for all Investments under our management, from the Collective Investment Provider. These Management fees varies between 0.5% and 1% is payable on the total investment under PSG Consult management. - Alternative Arrangement:
It is possible to provide our services on a commission only basis should you require this option. If we receive a commission or other form of benefit from the issuer of a security or from another intermediary, we will inform you. Should you cancel any policy/product or finance arrangement implemented by PSG Consult, for whatever reason during the commission indemnity period and the provider subsequently claws back commission related to that product, an amount equal to that that clawback will become immediately repayable to PSG Consult. The standard commission indemnity period is 4 years from inception.
Cancellation policy
If, for any reason, you cancel any policy, product or finance arrangement implemented by PSG Consult, during the commission indemnity period of the provider and the provider subsequently claws back commission related to that product, an amount equal to that clawback amount will become repayable to PSG Consult immediately. The standard commission indemnity period is four years from inception.