Business Services Fees
At NorthStar, we are committed to providing clear and simple fees for all our services. When you use of business services, you will always know how much you will be charged and can be confident that you will be paying some of the most competitive rates around.
As a business owner, you know how important your business finances are and how intertwined your business and personal finances can sometimes be. We help our clients grow and protect their business with careful planning, sound investment management and by putting protecting in place where necessary. We also help many businesses with pensions for the directors and staff. We can also help with exit route planning to ensure you get the most from your business when it is time to move on.
Our main business services and fees are summarised below:
Workplace Pensions and Auto-enrolment Consultation & Scheme Setup
To provide a comprehensive pensions auto-enrolment consultation and full scheme setup, the fee is £650 (currently discounted to £450 as a special offer) . We will provide details of the recommended pension scheme as well as ensuring your scheme is fully setup and managed effectively.
Directors’ Pensions
To provide ‘Pension Report’ with recommendations to start a directors’ pension, the fee is 1% of the amount to be invested (minimum fee £800). This is an implementation fee and is only payable should you wish to proceed with the advice given. A ‘Pension Report’ will provide information and advice on which pension provider to use, recommended contribution levels, your optimal investment strategy and what you can expect your pension to provide you in retirement.
Directors’ Pension Review
To provide a ‘Pension Review Report’ covering analysis and advice on whether to switch or consolidate your directors’ pensions, the fee is 1% of the amount to be transferred (minimum fee £800). This is an implementation fee and is only payable should you wish to proceed with the advice given. A ‘Pension Review Report’ will provide a full analysis of your existing pensions covering charges, performance and features, advice on whether to switch or consolidate your pensions, recommended contribution levels, your optimal investment strategy and what you can expect your pension to provide you in retirement.
Shareholder and Partnership Protection
Typically, we are paid commission for arranging a shareholder or partnership protection
Key Person Protection
Typically, we are paid commission for arranging a key person protection policy and therefore paid by the insurance provider. The arrangement of a key person protection policy is usually subject to a minimum total fee of £600 for all policies. Where the commission payable by the provider is less than £500, the balance is paid by the client directly.
Relevant Life Policies
Typically, we are paid commission for arranging a relevant life policy and therefore paid by the insurance provider. The arrangement of a relevant life protection policy is usually subject to a minimum total fee of £600 for all policies. Where the commission payable by the provider is less than £600, the balance is paid by the client directly.
Staff Benefits
Our Staff Benefit Package Report starts from £800. For this, we provide a comprehensive report on the staff benefits you should consider offering to your staff and provide full recommendations on providers and policies to use to provide these benefits. We can provide a more accurate quote for a Staff Benefits Package Report after assessing your business circumstances.
Remuneration Strategies
Our Remuneration Strategies Report starts from £800. For this, we provide a comprehensive report showing analysis and recommendations for the remuneration of directors and key staff within your business. We can provide a more accurate quote for a Remuneration Strategies Report after assessing your business circumstances.
Exit Strategy Planning
To provide a comprehensive Business Exit Strategy Report the fee is £800 for businesses with straightforward financial structures and a turnover below £1m. For all larger or more complex business, the fee is £1,200 for a Business Exit Strategy Report.
Ongoing Business Investment Management
Where money is retained in your business, you need to ensure it is invested wisely. To provide ongoing investment management, advice and recommendations, fees are based on the type of investment product held and service required. Investments in the NorthStar portfolio range have an annual investment management fee of 0.9%. Investments in simple investment products with a limited fund range have an annual investment management fee of 0.6% and investments with any other provider have an annual investment management fee of 1%. A fee of 1% is payable on any ongoing regular contributions to your investments.
Business Financial Planning
Business planning helps you better understand, organise and optimise the financial affairs of your business in conjunction
Other Business Services
For any other specialist business services, we will quote a price on enquiry. We are always clear on what you will pay for our services before you commence.
Complete Flexibility
Remember that you can start or stop our business services at any time. We never tie you into any form of contract with us. Don’t worry if you are unsure which of our business services would suit you best. You can discuss your requirements during your introductory phone call where a NorthStar financial planner can help you work out which of our services are right for you.
Find out More About Our Other Fees
Our commitment to clear, fair and transparent fees means you will always know how much you will pay before agreeing to any of our services. Find out more about our fees for other services:
Our commitment on fees
At NorthStar, we’re committed to providing clear and simple fees for all our services.
We believe in total transparency so you’ll always know what you will pay.
No hidden charges, no additional fees, no nasty surprises – that’s a promise.
Awards, Accreditations & Trade Associations
NorthStar is proud to be members of the leading financial planning trade associations. Through a continued commitment to work to the highest professional standards and deliver real value to all clients, our work has been recognised with a number of awards and professional accreditations.
