Why does St. James Place have Fees, and Are They Worth It?
When you’re getting started with investing, it’s a pretty normal reaction to wonder whether the fees that you’re expected to pay at that time are worth it. For St. James Place clients, the answer is a resounding yes. Not only do our clients say for the vast majority that we provide good or excellent value for the money, but there also are several independent reports backing up the value that we provide to our clients. Here’s a quick look at why St. James Place has fees and why the services are well worth the fees.
St. James Place Provides Strong ROI
Among St. James Place clients, a survey has shown that 80% of the clients feel that the firm provides excellent or good value for the money, with another 15% saying that the fees provide a reasonable value for their fees. Though fees are charged by St. James Place to cover the cost of doing business, the wide-ranging services provided to their clients make the company well worth the expense. From tax advice and inheritance planning to investing and retirement savings, the information provided by St. James Place agents provides a strong return on investment that typically will perform well enough to make money even after the fees have been charged.
SJP Benefits
Two independent reports have shown that not only is St. James Place average for the industry, but they could reasonably charge more for the benefits that they provide. Even though you pay average rates with St. James Place, you get above-average benefits and value. St. James Place is focused on providing clients with value through proactive cost-cutting measures, which allows it to pass these savings along to its clients. As one example, economies of scale are leveraged to reduce fees paid to external fund managers, and competitive rates are negotiated simply due to the size of the firm and its available investment capital.
Because this fund management is outsourced, St. James Place is then able to make reductions to its internal expenses while speeding up the time to value for its clients. The firm also tiers its charges, so the more that a fund grows, the more the charges are reduced over that timeframe. The firm regularly looks at the market for opportunities and will negotiate lower rates whenever possible.
What To Expect
There’s also a lot of extra value you can receive for your investments when working with a financial advisor. According to a recent report developed by the International Longevity Centre U.K., on average, most people using a financial advisor will be about $57,300 richer when starting retirement. Rather than getting the same generic advice given to every client, St. James Place advisors get to know you and your long-term goals, crafting a unique plan to maximize your financial situation. This advice gives you more value in terms of high-quality service, with St. James Place clients at the center of the business.
They’ll also provide you with advice to optimize your money for maximum tax relief and allowances that are available. You’ll be able to regularly meet with your reputable financial advisor, who will keep track of your goals and make corrections as needed. For help with balancing risks and rewards or to add confidence to your portfolio, your St. James Place advisor can diversify your portfolio. This disciplined approach protects you from scams and helps you protect your investment, and is a standard part of the service you receive at St. James Place from your personal financial advisor.
The post Why does St. James Place have Fees, and Are They Worth It? first appeared on BusinessMole.
