Our charges
01/01/2024
We aim to provide simple and transparent fees so you have all the information you need before using our services. Our first priority is to deliver the best possible service for our clients, and our fees reflect the level of service we provide.
For the majority of our services, we will work to a single charge instead of charging per transaction and include VAT in our quotes. Exceptions include our Inheritance Tax Portfolio Service and execution-only services.
We work closely with our clients to identify funds for long-term investing and minimise cash holdings to mitigate inflation risk. As we hold client cash in the form of instant access accounts, which pay lower interest rates than more restrictive regular savings accounts or term deposit accounts, we pay fixed interest rates on balances held in cash.
Charges for Silo
We charge two separate fees for our investing app, Silo:
Killik & Co’s fees – This covers the cost of powering Silo and is 0.75% of your total portfolio per annum. Fees are collected automatically on a monthly basis.
Fund Manager fee – This is the fund manager cost and is estimated to be between 0.20% and 0.50%. This is automatically calculated and deducted by the fund manager.
Charges for our Advised Service
The following rate card details the charges for our Advised Service.
Charges for our Managed Services
The following rate cards detail the charges for our Managed Services. Please note: for our Portfolio Management Service, we charge extra for external Fund Managers, but we do not charge FX charges.
Charges for our Wealth Planning Service
The following rate card details the charges for our Wealth Planning Service.
Charges for our integrated solutions
The following rate cards detail the charges for our integrated solutions.
Charges for our Specialist Investment Services
The following rate cards detail the charges for our Specialist Investment Services.
Inheritance Tax Portfolio Service
Charges for our Self-Invested Personal Pension service
The following rate card details the charges for our Self-Invested Personal Pension (SIPP) service.
Charges for our Stockbroking Service
The following rate card details the charges for our Stockbroking Service.
Charges for our Tax and Trustee Services
The following tables detail the charges for our Tax and Trustee Services.
| Will Writing Service |
|
Single Will: £320 Two Mirror Wills: £380 |
| Lasting Power of Attorney Service |
|
Preparation of one category of LPA (one client): £350 including VAT Preparation of two categories of LPA (one client): £475 including VAT Preparation of one category of LPA (two clients): £700 including VAT Preparation of two categories of LPA (two clients): £950 including VAT Office of the Public Guardian fee: £82 per LPA document (nil VAT)
|
| Executor Service |
|
0.75% fee based on value of property 1.5% fee based on remainder of estate (a time-based fee commensurate with the work involved) |
| Personal Taxation Service |
| As the nature of the work required varies among our clients, we quote a fee on application for this service that is commensurate with the work involved. Our fees start from £250 plus VAT. |
| Trust Services |
|
Annual trust administration fee: 0.25% (subject to a minimum of £200) Withdrawal fee: 3% Charge on all funds deposited: 1.5%
Preparation of trust deed: £250 Charity commission: £250 Preparation of accounts: £200 Charge for each cheque issued: £25 |
Incidental charges
Our incidental charges include minor costs that we charge for transactions.
|
Payments out |
BACS – No Charge CHAPS – £25 |
| Legal Entity Identifier Fee | £70, plus VAT |
| Certificated Trades |
£25 |
| Unauthorised Debit Balances |
Interest charge at 9% over Barclays Bank Base Rate, or 20%, whichever is higher |
Online reports
Online reports are made available through our client portal, and through our App, which is available for download in the Apple or Android stores. Please speak to your Adviser if you require any help.
Reports available online currently include: Contract Notes, Statements, Tax Vouchers, Capital Gains Tax reports and Pension illustrations.
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