Schedule of Fees and Remuneration Arrangements

Keenan Financial Planning does not offer free financial consultations. Free consultations are very often product and sales driven to offer the broker remuneration and fail to put the clients needs and goals first.

By paying a fee, you are assured of impartiality, independence and a truly objective report on your circumstances.

Such fees are set as follows for 2022

Professional Fees

A Full Financial Planning Review is €500 and includes;

  • Face to Face consultation with the client. During Covid 19 restrictions, this may be conducted via Zoom or another remote platform.

  • A full Factfind analysis of Protection, Savings and Investments, Retirement Planning and Health Insurance is €500 (initial consultation call is approximately 1 hour)

  • Review of current employer benefits including Death in Service, PHI and Pension.
  • A risk analysis conducted with client to establish client goals, risk tolerance and product suitability or unsuitability.

  • A comprehensive personalised recommendations report furnished to the client.

  • Wrap Up Zoom call to run through the report and discuss proposals.

Focused Factfind is €350 and includes;

  • Face to Face consultation with the client. During Covid 19 restrictions, this may be conducted via Zoom or another remote platform.
  • A lighter version of the full financial review, where a client is interested in only reviewing one particular aspect of their finances, for example, their retirement plans/pension.

  • A risk analysis where appropriate

  • A recommendations report outlining what I view as your best course of action to take hereafter.

  • Wrap Up Zoom call to run through the report and discuss proposals.

Mortgage Pre-Enquiry Service

This service is carried out on a complimentary basis by phone call and/or email only.

  • Initial assessment on clients eligibility for a mortgage
  • Calculation of figures based on lender calculators.
  • Advice and tips on how to prepare better to submit a successful mortgage application.

Formal Mortgage Application

The fee for a full formal mortgage application is €400. This is a non-refundable fee and covers the administration carried out by Keenan Financial Planning in packaging and following up on a mortgage application. In instances where mortgage approval is received, clients typically have 6 months in which to purchase a property before the approval lapses. Keenan Financial Planning also received a commission of 1% on mortgage drawdown, paid directly by the lender to us.

Broker Commission

In many cases, a client may wish to proceed with a particular product or service as recommended by Keenan Financial Planning as a result of the financial factfind.

If Keenan Financial Planning is remunerated by the product producer by means of a commission, all such amounts are clearly outlined to the client prior to any business being transacted. In some cases a client may wish to execute these on a nil commission, fee basis only, the costs of which are explained below

  1. Policy set up: €500 per policy

Keenan Financial Planning reserve the right to review this amount on a case by case basis depending on the scope of work and administration costs incurred as a result of executing a policy for a client in this manner.