How We Are Paid
Our Fees
Upon receiving an enquiry, Myriad Wealth will arrange an initial meeting. This meeting is designed to determine whether we can assist you in achieving your financial objectives. There is no charge for this meeting and no obligation on either party.
During the meeting, we will explain our fee structure and give you a clear understanding of the potential fees applicable to your circumstances. After the meeting, we will provide you with a written summary of the services discussed, along with the associated costs, for your approval.
We offer several payment options, including hourly rates, fixed fees for specific tasks, or fees linked to your financial arrangements. All fees will be agreed in writing before any work begins.
Advice Only
An advice-only fee applies if you require research and advice without implementation. This fee covers the cost of conducting research and preparing a financial report detailing our findings and recommendations. Payment is due upon completion of the report.
If you later decide to proceed with implementation, you may move to the advice and implementation service. In this case, a new fee will be agreed, which incorporates the cost of advice already provided, so the initial advice-only fee will not apply separately.
Advice and Implementation
Under this service we provide research, advice, and implementation of the financial arrangements we recommend. Fees are agreed in writing before work begins. Payment is due once the advice is finalised and the arrangements are in place.
Ongoing Service
Our ongoing review services vary depending on client needs but may include monitoring, annual review meetings, and an advisory report covering portfolio updates and use of tax-efficient allowances such as ISAs and pension contributions. The cost of this service depends on the level of support you require and will be agreed at the outset.