At Ifamax Wealth Management, we believe Financial Planning should feel clear, structured and transparent.
We do not apply an initial advice fee. There are no upfront setup costs.
Instead, our focus is on building a long-term relationship, helping you grow, protect and pass on wealth through structured, tax-efficient planning.
Financial Planning is not a one-off transaction. It is an ongoing journey, particularly for families with investable assets of £400,000+ who want clarity, discipline and long-term oversight.
Our Philosophy on Fees
We are not paid to sell products.
We are paid to provide structured, ongoing advice on retirement planning, tax-efficient strategies, investment oversight, and long-term wealth management.
Our clients value:
Clarity over complexity
Structure over urgency
Long-term thinking over short-term noise
Our annual fee reflects the ongoing work required to deliver that properly.
How Our Ongoing Annual Fee Works
We charge an ongoing annual advice fee, which is clearly disclosed from the outset.
This fee covers the ongoing management of your financial plan and typically includes:
Review meetings
Regular portfolio oversight and rebalancing
Cash flow modelling updates
Retirement income sustainability testing
Tax-efficient withdrawal planning
ISA, pension and investment allowance monitoring
Inheritance tax planning reviews
Regulatory suitability reporting
Access to your adviser throughout the year
All costs are fully transparent.
In most cases, there are three types of costs involved in Wealth Management:
Advice Fee – paid to Ifamax for Financial Planning and oversight
Investment Management Costs – underlying fund costs
Platform Costs – charged by the custody/platform provider
We explain each clearly so you understand exactly what you are paying and why.
Why Ongoing Financial Planning Matters
A common question we hear is:
“Why should I pay an annual fee if we only meet once a year?”
The reality is that the visible meeting is only a small part of the work involved.
Ongoing Financial Planning includes:
1. Retirement Income Structure
Designing and monitoring sustainable withdrawal strategies, managing sequencing risk and adjusting income as legislation or markets change.
2. Tax-Efficient Planning
Ensuring pensions, ISAs and other investments are structured efficiently, particularly important for business owners, barristers, partners of law firms and professionals.
3. Investment Oversight
Monitoring portfolios, rebalancing allocations and ensuring risk levels remain aligned to your long-term objectives.
4. Regulatory Governance
As an FCA-regulated firm, we must ensure ongoing suitability, fair value assessments and documented client outcomes.
5. Behavioural Coaching
Helping clients remain calm during market volatility and avoid emotional decisions that can damage long-term returns.
For many clients, the greatest value is not in chasing performance, but in preserving wealth and maintaining structure during uncertain periods.
The Regulatory & Governance Reality
Financial Planning today operates within a highly regulated environment.
As an FCA-regulated firm, Ifamax must:
Demonstrate ongoing suitability
Evidence Consumer Duty compliance
Conduct annual fair value assessments
Maintain professional indemnity insurance
Provide structured reporting
Monitor vulnerability considerations
These governance requirements protect clients, but they also require professional infrastructure and oversight.
Your annual fee supports the framework that protects your financial future.
What Clients Value Most
Clients often tell us they value:
Feeling calmer about retirement
Understanding their long-term income position
Knowing their wealth is structured efficiently
Having someone to sense-check major financial decisions
Confidence that their plan adapts as life changes
Financial Planning is not about constant change.
It is about steady oversight.
Frequently Asked Questions
-
Fees vary depending on complexity and assets. Many firms charge an initial advice fee plus an ongoing percentage. At Ifamax, we do not charge an initial fee. Instead, we operate an ongoing annual advice structure aligned to long-term planning.
We are transparent about all costs from the outset.
-
For clients with £400,000+ of investable assets, ongoing planning can significantly improve tax efficiency, retirement sustainability and behavioural discipline.
The value is not just investment returns, it is structure, tax optimisation and long-term clarity.
-
Market volatility is normal.
Ongoing advice includes monitoring your withdrawal strategy, reviewing risk levels and ensuring your long-term plan remains sustainable. Often, the most valuable role of an adviser during downturns is preventing reactive decisions.
-
Yes. Ongoing advice is not compulsory. However, most clients choose to continue because Financial Planning is dynamic, legislation, markets and personal circumstances change.
-
We conduct at least one structured annual review, but work continues throughout the year behind the scenes, monitoring portfolios, updating modelling assumptions and adjusting planning strategies as required.
Clients can contact us whenever significant changes arise.
-
In most personal planning scenarios, fees are not tax deductible. However, specific business-related advice may have different treatment. We can discuss this on a case-by-case basis.
-
Our focus is planning first.
Investments and pensions are tools within the wider structure of retirement and wealth management. We believe planning should drive product selection not the other way around.
Our Commitment to Transparency
We believe Financial Planning should feel straightforward.
No hidden costs.
No surprises.
No complexity for the sake of it.
Just clear, ongoing advice designed to help you:
Grow your wealth
Protect what you have built
Retire with confidence
Pass on wealth efficiently
Arrange a Planning Conversation
If you would like to understand whether our structured, ongoing Financial Planning approach is right for you, we would be happy to have an initial conversation.