If you are looking to make some investments (ISAs, unit trusts etc), or arrange a switch to lower charging investments, please refer to page 2 of our price list.
Case study 1 - Jon Anderson's single premium into an ISA
Single Premium of £7,200 into an Investment ISA
Jon Anderson is aged 45 and has decided to invest some money into UK shares to help fund his children through university in 8 years time. Jon pays a single premium of £7,200 into an Investment ISA.
Well Money Clinic guarantee not to use any products that pay commission, so a UK All Share Tracker fund is used which has no trail commission.
At a growth rate of 7% per annum Jon’s investment value after 10 years would be:
| With Well Money Clinic on nil commission | £13,100 |
Through a commission based adviser, there would be initial commission and trail commission payable and consequently a higher product charge. We have therefore used a popular UK equity fund for comparison. At a growth rate of 7% per annum Jon’s investment value after 10 years would be:
| With a commission-based advisor | £11,700 |
Notes: through Well Money Clinic there is a fixed fee of £200, and the ISA is arranged on NIL commission terms. We have deducted the cost of our fee from the investment giving a net investment of £7,000. Regrettably it is not possible to provide a like for like comparison as most fund managers make compulsory payments of trail commission. Therefore the figures above are not for comparison purposes, but for information only. This case study is based upon actual product illustrations acquired in March 2009 from a leading product provider.
Case study 2 - Rob Jackson's single premium into an investment bond
Single Premium of £50,000 into an Investment Bond
Rob Jackson is aged 45 and pays a single premium of £50,000 into an investment bond.
At a growth rate of 6% per annum Rob’s investment value after 10 years would be:
| With Well Money Clinic on nil commission | £85,100 |
Through a commission based adviser, there would be commissions payable and a higher product charge. At a growth rate of 6% per annum Rob’s investment value after 10 years would be:
| With a commission-based advisor | £79,800 |
Notes: through Well Money Clinic there is a fixed fee of £1,000, and the bond is arranged on NIL commission terms. We have deducted the cost of our fee from the investment giving a net investment of £49,000, to give a like for like comparison. This case study is based upon actual product illustrations acquired in March 2009 from a leading product provider.
In this example, Well Money Clinic’s fixed fee service will give you more money in your investment pot after 10 years than with a commission based adviser.