Our Wealth Management Service is provided by Thomas Oliver UK LLP, an appointed representative of Openwork Ltd, based in Hertfordshire, and part of the Kings Group of Companies.
Thomas Oliver specialise in giving advice on Retirement Planning, Wealth Management, Critical Illness Cover, Life Assurance, Will Writing*, Mortgages, General Insurance and Income Protection. *Will Writing is not part of the Openwork offering and is offered in own right. Openwork Limited accepts no responsibility for this aspect of our business which is not regulated by the Financial Conduct Authority.
Their advisors have many years of collective experience in the Financial Services Industry. All are highly trained, have passed a range of regulatory exams, undertake a programme of Continuous Professional Development and are tested and assessed annually to ensure they meet the exacting standards required to practice as advisors.
The Financial Planning Process
The Thomas Oliver service is broken down into a series of stages:
1. No-Obligation consultation
At the initial consultation, Thomas Oliver will provide you with details of the services they can provide and the costs of those services. You’ll be given information about the company and the way in which they can work with you, so that you can make an informed decision regarding the services you require.
2. Understanding and Analysis
During this stage, Thomas Oliver gather personal and financial information from you. You’ll discuss your financial goals and plans, and share information regarding your current policies, circumstances and commitments. Your attitude to investment risk will be assessed.
This information will be used to put together recommendations and advice, including which products would be most suitable for your needs.
The fee for the Understanding and Analysis stage is £1,250 (exempt from VAT).
Please be aware that if you do not decide to move on to the Advice and Implementation stage, the fee for Understanding and Analysis will still apply.
3. Advice and Implementation
Once Thomas Oliver have gathered all the necessary information, they will provide you with tailored financial recommendations in the form of a personal report. You will then agree the recommendations that you wish to implement.
Thomas Oliver will help you to complete the relevant application(s), and monitor each application through to product issue on your behalf.
Please enquire for full details and conditions of the Advice and Implementation service, and the associated fees.
4. Ongoing service
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. This is 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.
You can choose what, when and how you pay for that support in a way that meets your needs and preferences.
Depending on your personal requirements, we will discuss the stages of the advice process and confirm when fees become payable. You will sign a fee agreement before any work commences.
If the advice doesn’t proceed to implementation, an element of the fee may become payable.
About Openwork
Thomas Oliver UK LLP are an appointed representative of Openwork, a well-established financial services distribution company supporting hundreds of firms around the UK.
Openwork provides Thomas Oliver with the following:
- Access to the pensions, investment, mortgage and protection products from some of the UK’s biggest brands
- Payment administration and reconciliation services
- IT
- Regulatory support
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
Approved by The Openwork Partnership on 18/06/2024.
