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Some Important Points

Does cutting costs mean cutting service?
No. We do everything traditional advisers do and we do it much better than most. Read what our clients are saying about us.

Why do our advice fees vary?
We reduce our percentage adviser fees as the sum invested increases. This is key to ensuring you get a fair deal. Investing double the amount of money seldom requires twice the amount of work - and our fees reflect this. We also shave our initial fees to the bone - we're not in this to make a quick buck.

How much might you save?
After an initial chat to get an idea of the work involved we will be happy to give you a no obligation indication of likely cost and compare this to what you are currently paying. If we don't think we can save you money and/or add value we will tell you.

The Candid Difference
  • Very competitive, fully transparent, fees and overall cost
  • No commission or other hidden charges
  • We hunt down the best value products and investments
  • Impartial - our only vested interest is to make you money

Examples of cost and how much we have saved clients

We cut fees, not service. We provide full financial planning and investment advice and experience suggests our service will likely exceed your current adviser's.

We work efficiently and keep our overheads low, but most of our cost saving is simply down to a firmly held belief that many advisers just charge too much for what they do.

See below for some typical cost savings, based on actual clients.

Over £10,000 annual saving versus Bestinvest

Mr A transferred his £750,000 SIPP portfolio from Bestinvest seeking a more collaborative approach and cost savings.

Result: Annual costs reduced by over £10,000.

Mr A is a successful businessman in his mid 40’s who has been saving into his self-invested personal pension (SIPP) pension for a number of years. The £750,000 within his SIPP was being managed by Bestinvest via their discretionary investment service. He came to us having become disillusioned with overall costs and seeking a more collaborative approach via our advisory service.

Even after initial costs Mr A made a significant first year saving, with a change in annual costs as follows:

BeforeAfter
Bestinvest
Dealing fees
SIPP
Funds
Total
1.20%
0.4% (max £100)
£216
0.98%
-
£9,000
£1,000
£216
£7,350
£17,566
Candid FA
Dealing fees
SIPP
Funds
Total
0.30%
Nil
£275
0.66%
-
£2,250
£0
£275
£4,950
£7,475

Over £11,000 saving in first year versus another IFA

Mr F chose us to look after his £430,000 pension after shopping around for an independent financial adviser offering high service at a fair cost.

Result: Initial advice fee £6,450 lower and annual costs over £5,000 lower, saving Mr F more than £11,000 in year one.

Mr F had been shopping around for an independent financial adviser to help sort out his five pensions totalling £430,000, since he wanted to reduce risk and gradually draw an income as he eased into retirement. The best terms he had secured from alternative advisers were advice fees of 2% initially and 0.75% annually. The pension they recommended had an annual charge of 0.35% a year and fund management costs were around 1.40 (mainly funds of funds).

Our advice fees and other costs significantly undercut the other IFA as follows:

BeforeAfter
IFA Initial Fee

IFA Annual Fee
Pension
Funds
Total Annual
2.00%

0.75%
0.35%
1.40%
-
£8,600

£3,225
£1,505
£6,020
£10,750
Candid FA Initial fee

Candid FA Annual fee
Pension
Funds
Total Annual
0.50%

0.40%
£275
0.74%
-
£2,150

£1,720
£275
£3,182
£5,177

Over £1,000 annual saving versus Hargreaves Lansdown plus the added benefit of advice

Mr & Mrs P transferred their execution-only Hargreaves Lansdown portfolios after deciding they wanted ongoing advice to help optimise their financial affairs.

Result: Annual costs reduced by over £1,000 and Mr & Mrs P now benefit from ongoing financial planning advice rather than an execution-only service.

Mr and Mrs P managed their own ISA portfolios via Hargreaves Lansdown's execution-only Vantage service, having become disillusioned with financial advisers. On investigation their combined £375,000 ISA portfolios represented more risk than they were comfortable taking, by Mr P's own admission their portfolios were now a random collection of previous ‘best buys’. We were able to give them a more sensible and strategic spread of assets able to meet their income requirements while still saving them money.

Our initial advice fee was £1,250 and the change in Mr & Mrs P's annual costs as follows:

BeforeAfter
HL
ISA
Funds
Total
0.45%
included in above
1.02%
-
£1,687
£0
£3,825
£5,512
Candid FA
ISA
Funds
Total
0.40%
£150 x 2
0.68%
-
£1,500
£300
£2,250
£4,350

Please Note: All costs in these examples include VAT where applicable and reflect charges at the time of becoming a client. Costs in your own situation may obviously vary. Client initials changed to protect their confidentiality.