St James’s Place
St James’s Place is one of the most well-known Wealth Management brands. It manages the investments and pensions of around 900,000 clients with assets under management of £150bn. Many firms have become St James’s Place partners over the years due to the high profile of the organisation. However, this limits the pension and investment product range that can be recommended to clients as it is restricted to St James’s Place products only.
Ongoing Advice Fees are paid annually by clients which are calculated as a percentage of the value of their funds. To justify these fees, St James’s Place should conduct a review with each client every year to ensure the products they hold are still suitable. If this does not happen then we believe the Ongoing Advice Fees should be refunded.
Contact us if you have not had a face-to-face review every year over the last 10 years
What’s the next step?
If you would like more information about Ongoing Advice Fees, or to simply talk through your situation, call our friendly team of experts on 01204 565331 or email enquiries@amklegal.co.uk. Alternatively, you can request a call back below and we’ll get back to you straight away.