Wealth Manager

Our Wealth Manager service is built around comprehensive financial planning and sound investment principles. By exploring your goals and objectives we can tailor a financial strategy specific to your needs. Our financial planning process is broken down into a series of stages which focus on ensuring your life aspirations and the investment of your money are carefully aligned. Having completed a detailed review of your current position and arrangements, we will provide you with specific recommendations and explain the benefits and risks associated with the approach we have suggested. If you are happy with our recommendations, we will help you complete the relevant paperwork and put your financial plan in place. As your aspirations evolve in your life, so should your financial plan and we will be on hand to review this with you on a regular basis.

Our Services and Products

Investment and Pensions

We provide restricted advice and will make a recommendation after we have assessed your needs. Our advice will be based on products from a limited number of companies that the Openwork Group has carefully selected, potentially including funds from Omnis Investments Limited and risk-rated model portfolios actively managed by Openwork Wealth Services Limited, both sister companies within the Openwork Group.


We are an insurance intermediary representing you, not any insurer. We can only offer products from a limited number of insurers for life assurance, critical illness cover, income protection, buildings and contents insurance, accident, sickness and unemployment insurance and cash lump sum accident protection.

We will provide you with a personal recommendation after we have assessed your needs, limited to the insurance products available to us. 

How We Work 


At our expense 

  • Introduction
  • Agree how we work together
  • Agree remuneration method 

We will introduce ourselves and provide information about our business, how we would like to work with you, the intermediary services we can provide and the costs of those services. 

A key part of the financial advice process is deciding which services you would like and to agree how you would like to pay for them. 

At this stage of the process, we will agree with you your priorities and the appropriate fees prior to commencing any work. 

We cannot charge you a fee for work completed without your prior agreement. 

Please ensure you are clear about the services you want and how you will pay for them before we proceed with any work that may incur a charge. We will not exceed a specified budget limit without first consulting with you and receiving your written commitment to proceed further. 


Understanding and Analysis 

Fee - £600 exempt from VAT 

  • Identify goals and objectives
  • Information gathering
  • Assess objectives
  • Review existing plans
  • Research 

Once we have decided to work together, we gather personal and financial information from you and we will talk to you about your financial goals, so we can work out our recommendations and advice including which products would be most suitable for your needs. We also gather detailed information about your current financial plans, policies, and any commitments. 

Where we are considering your investment need, we will assess your attitude to investment risk, this will help us understand how much investment risk you are willing to take with your money. 

It’s important that you provide us with full and accurate information so that we can complete a suitability assessment and only recommend products or services that are suitable for you. 

We cannot guarantee that we can meet all your objectives and financial goals, but we can work with you to help you work towards them. 

Advice and Implementation 

Fee – Lump Sum 4% , Regular Premium of an amount equal to 50% of the first 12 months’ contributions.   Exempt from VAT 

  • Devise investment strategy
  • Select investment provider (if applicable)
  • Complete documentation
  • Process applications 

Once we have gathered all the necessary information, we will provide you with tailored financial recommendations on the areas you wanted to review. The reason we undertake this suitability assessment is so that we can act in your best interests. 

We will then agree the recommendations you want us to implement, in order to meet your need and objectives. This may also include any broader or more complex planning such as trust work. Where relevant, our services and charges for referring clients to discretionary fund managers will be disclosed to you separately. 

We will help you complete the relevant application(s) and any additional information required. It is vitally important you check all the information you have provided is correct before you sign any documents. We will then monitor your application(s) through to product issue and make sure you receive the related product documentation. Where you choose to make regular contributions, our fee may be spread over a longer period dependent on our agreement. 

An example of an Advice & Implementation charge: 

If you invested £100,000 and the agreed charges were 4% this means £4,000 excluding VAT would be immediately deducted from your investment or paid to us direct. 

An example of a Regular Premium charge: 

For example, if you invested £100 a month and the agreed charge was 50% of the first 12 months’ contributions, the total charge would be £600. If you choose to pay this in instalments, £50 would be deducted from each of the first 12 months’ contributions. 

Ongoing Service (optional) 

Fee – A percentage of funds under management, dependent on ongoing service. This is exempt from VAT if incorporated within the same fee agreement as Advice and Implementation, otherwise this fee is subject to VAT. 

  • Review of financial plans
  • Provide regular valuations
  • Invite you to regular meetings 

We aim to build long-lasting trusted business relationships with all of our clients. An essential part of this is to continually review your arrangements to ensure that they continue to match your goals and objectives and remain suitable at any given period throughout your financial planning lifetime. 

We can provide you with ongoing support and servicing options to suit your specific needs in areas which you have identified as being important to you. 

If you elect to receive an Ongoing service, we will charge you a percentage of your investments based upon the level of service you’ve chosen. This will be deducted from your investments. 

For example, if you invest £100,000 at a maximum agreed ongoing service charge of 1.00%, you will pay £1000, per annum excluding VAT. The ongoing service charge may increase as the fund grows. 

Ongoing Service is optional. If you choose to take it, you can cancel at any time. 

Ongoing service options plus associated fees are as follows:

Financial Management

Fee example – If you invest £100,000 and the agreed ongoing service charge is 100%, you will pay £1000 per annum excluding VAT, payable on a monthly basis from the first month after you invest. The ongoing service charge may increase as the fund grows.

Ideal if you…

  • Are looking for your adviser to provide regular feedback on your investments and ensure that the strategy matches the degree of risk and volatility you are prepared to tolerate.
  • Are looking for a holistic approach to financial planning and wish to engage with a professional adviser on an ongoing basis to establish and achieve your goals and objectives.
  • Require an ongoing review process to map progress and respond to changing circumstances.
  • Are looking for your adviser to proactively introduce new ideas and opportunities.

Service Portfolio

Fee – 1.00% of the funds under management.

  • We will invite you to an annual review where we will discuss:

-          Your objectives and goals

-          Your attitude to risk

-          Any changes in circumstances

-          Market updates and performance of your investments

-          Any impacts on your financial planning

Any changes to your investment(s) required as a result of the review are also included

  • A Financial Planning report or summary, as appropriate, including portfolio updates and valuations on an annual basis.
  • Specialist financial analysis and reporting.
  • Portfolio review and rebalancing in line with your attitude to risk and investment objectives.
  • Use of our investment platform via your adviser.
  • Consultation with your other professional advisers at your request ie. Solicitor or Accountant.
  • Access to your adviser to discuss further areas of your financial planning.
  • Full access to Practice staff.
  • Trustee & Executor briefing service.
  • Unlimited telephone support.
  • Client record keeping and file maintenance, for example:

-          Policy surrenders or partial surrenders

-          Administration such as changes of address

-          Replacement and copy documents

Ad Hoc Service

Fee Example – If, for example, you required a review of your financial circumstances and this took one hour of administration time and three hours of advice time, the total charge would be £525 based on our ad hoc charges of £75 per hour for administration and £150 per hour for advice.

Or if, for example, you required administration of your portfolio, or assistance with third parties, and this took two hours of administration time, the total charge would be £150 based on our ad hoc charges of £75 per hour for administration and £150 per hour for advice.

Ideal if you…

  • Only wish to have contact with your adviser as and when you feel is it necessary.
  • Wish to manage your own financial plan.