About my services and costs
Initial Disclosure Document
Julian Harris Adviser Network Limited
Julian Harris Adviser Network Limited (We, Us, Our) | Michael Hawkins (I, Me, My)
Adviser: Michael Hawkins
Email: hello@hawkinsifa.co.uk
Phone: 01935 584 575
Illustrative copy
This page is a general summary for your information — not the full contractual pack. When you decide to proceed, I will provide the formal documents that apply to you and, where work is chargeable, a signed fee agreement before that work starts, in line with FCA requirements. A separate privacy notice applies when we process personal data.
1. The Financial Conduct Authority (FCA)
The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers considering buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.
We will classify you as a retail/consumer client under the FCA rules as this accords you the highest level of protection and entitlement to information about my recommendations.
2. Whose products do I offer?
| Statement | Applies |
|---|---|
| I am Independent – please see section 3 for full details. | ✔ |
| I only offer advice on a restricted group of products and / or services (and from a limited number of companies). | — |
| I only offer products from a single company. | — |
| Statement | Applies |
|---|---|
| I act as an intermediary on behalf of clients and offer products from a fair analysis of insurers for Term Assurance, Mortgage Protection Assurance, Critical Illness Insurance, Permanent Health Insurance, and Accident, Sickness and Unemployment Insurance. | ✔ |
| I only offer products from a limited number of insurers. | — |
| I only offer products from a single insurer. | — |
| Statement | Applies |
|---|---|
| I offer mortgages from the whole market including second charge loans but not deals only available directly through a lender. | ✔ |
| I offer mortgages from a restricted market of first charge loans only and not deals only available direct through a lender | — |
| I only offer mortgages from a limited number of lenders. | — |
| I only offer mortgages from a single lender. | — |
3. Which service will I provide you with?
| Service option | Applies |
|---|---|
| Independent advice – I will advise and make a recommendation for you after I have assessed your needs. My recommendation will be based on a comprehensive and fair analysis of the market. | ✔ |
| Restricted advice – I will advise and make a recommendation for you after I have assessed your needs, but I only offer advice on limited types of products, or products from one company or a limited number of companies. | — |
| No advice – You will not receive advice or a recommendation from me. I may ask some questions to narrow down the selection of products that I will provide details on. You will then need to make your own choice about how to proceed. | — |
| Service option | Applies |
|---|---|
| I will advise and make a recommendation for you after I have assessed your needs for Term Assurance, Mortgage Protection Assurance, Critical Illness Insurance, Permanent Health Insurance, and Accident, Sickness and Unemployment Insurance. | ✔ |
| You will not receive advice or a recommendation from me. I may ask some questions to narrow down the selection of products that I will provide details on. You will then need to make your own choice about how to proceed. | — |
| Service option | Applies |
|---|---|
| I will advise and make a recommendation for you on mortgages after I have assessed your needs. | ✔ |
| You will not receive advice or a recommendation from me. I may ask some questions to narrow down the selection of mortgages that I will provide details on. You will then need to make your own choice about how to proceed. | — |
4. What will you have to pay for my services?
Investment — services and costs
I will provide you with an initial consultation at the cost of £365. This 90 minute meeting helps me to understand your financial objectives and will confirm how I can support you in working towards these. I will also discuss the cost, and levels, of my services both initially and throughout my relationship with you.
I charge my services by way of a fee. These fees are either fixed, based on a percentage of the amount you invest, or an hourly rate.
If you pay for my services directly, I accept payment by cheque or bank transfer (but we do not accept cash as payment) and I will issue a receipt to you.
Three stages of service
| Stage | What it covers |
|---|---|
| 1) Advice — financial review and recommendation | Gathering information about your existing financial arrangements and full personal circumstances; understanding your investment knowledge and attitude and tolerance towards investment risk; recommendation of an asset allocation model that matches your risk profile and assessment of any existing holdings; preparation of recommendations; second appointment to explain and discuss recommendations in detail. |
| Cost | £1,250 – £1,750 (depending on complexity and agreed in advance). Complex scenarios include more than three pensions to consolidate, transitional protections, blended strategies, non-standard investments, lifetime allowance advice. The initial discussion fee of £365 is credited to this amount. |
| 2) Transaction — policy arrangement and implementation | Handle fund and policy administration; ensure documents are issued as expected; confirm all actions in writing — when you instruct me, preferably in writing, to proceed with recommendations. |
| 3) Review — ongoing reviews | Structured reviews, assessment of circumstances and plan changes (implementation may be chargeable and agreed in advance), regular updates on your holdings — full range discussed at initial consultation. |
Charging structure — advice only (15-minute increments)
| Role | Rate |
|---|---|
| Financial Planning Consultant | £240 per hour |
| Administrator | £75 per hour |
Hours are estimated and charged in advance; cost is fixed and agreed at the outset. Full payment is required before work begins. Minimum transaction fee £250.
Serviced proposition — lump sum investments and transfers
Full financial planning: advice, transactions and ongoing reviews.
My fee is 1.5% of the amount you invest or transfer, with a minimum combined household investment of £200,000 across all accounts (pensions, general investments, and ISAs). I’m happy to discuss flexibility if your total is slightly below this level.
Payment can be taken from your investment on receipt by the provider or paid directly by you.
Example: investment of £200,000 → implementation fee £3,000.
Serviced proposition — ongoing fees
0.85% per annum on total value of your investment(s) at each 12-month anniversary, paid pro-rata in arrears. Amounts fluctuate with portfolio value. Charges can be deducted from investments or paid directly; paying via investments may affect tax thresholds — discussed and confirmed in your recommendation report.
If annual fees fall below £250, I may cease annual ongoing suitability reviews while still forwarding correspondence and generic questions; full reviews remain available by agreement on fee.
Cancelling ongoing services: written confirmation required; payments cease within 21 business days after collection of any due proportion of period charges.
Regular premium savings or investments
Transactions within the serviced arrangement are included at no extra cost (e.g. regular contributions, withdrawals, Bed & ISA). Transactions outside that arrangement are charged at the hourly rates above.
Fixed fees may be quoted for specific projects — ask for details.
Julian Harris Adviser Network Limited asks clients to sign a fee agreement before chargeable work begins, to avoid confusion later.
Cancellation rights
You will normally have a 30-day cancellation period for life, pure protection, payment protection or pension policies, and 14 days for other policies. Start dates and how to cancel are set out in your product disclosure information.
Cancelling a single-premium contract may mean you bear market losses. An agreed initial advice fee may still be due if a product is not implemented or not kept beyond the cancellation period.
Insurance — fees
| Statement | Applies |
|---|---|
| A fee — exact amount agreed in writing before work begins. | — |
| No fee for advising and/or arranging Term Assurance, Mortgage Protection Assurance, Critical Illness Insurance, Accident, Sickness and Unemployment Insurance. I am paid commission based on the premium for any policy arranged. | ✔ |
Your quotation will set out any other fees for a particular insurance policy.
Mortgages — fees and refunds
| Option | Detail |
|---|---|
| Standard mortgage advice fee | Fixed advice fee of £500 on application, which may be supplemented by lender commission. Standard mortgages: residential and personal buy-to-let purchases, remortgages, and further advances that are not “complex” as defined below. |
| Complex mortgage advice fee | Total fee £750 on application; may be supplemented by commission. Complex cases include multiple income sources, foreign income, debt consolidation, more than three applicants or guarantor-supported applications, portfolio landlords, limited company or SPV buy-to-let, and similar. |
| Illustration and lender fees | Your mortgage illustration sets out fees. Arranging finance may involve arrangement, booking and valuation fees and procuration fee to the firm from the lender. |
| Refund if the mortgage does not complete | Applies |
|---|---|
| No refund if you decide not to proceed; your fee may be carried forward once within three months if something prevents continuation of an application. | ✔ |
5. Who regulates us?
Michael Hawkins is an adviser with Julian Harris Adviser Network Limited of Julian Harris House, Musgrove, Ashford, Kent TN23 7UN, authorised and regulated by the Financial Conduct Authority. Our FCA Register number is 304155. Permitted business includes advising and arranging mortgages, non-investment insurance contracts, investments and pensions. Check the FCA Register at www.fca.org.uk or call 0800 111 6768.
You may receive an optional feedback questionnaire from Julian Harris Adviser Network Limited; responses are confidential and used to support fair treatment of customers.
6. What to do if you have a complaint
| In writing | The Compliance Officer, Julian Harris House, Musgrove, Ashford, Kent TN23 7UN. |
|---|---|
| By phone | 01233 661960 |
If you cannot settle your complaint with us, you may refer it to the Financial Ombudsman Service. Unresolved complaints may be determined in the courts of the United Kingdom.
7. Are we covered by the Financial Services Compensation Scheme (FSCS)?
We are covered by the FSCS. You may be entitled to compensation if we cannot meet our obligations, depending on the type of business and your claim.
| Area | Cover |
|---|---|
| Investment | Most investment business: up to £85,000 per eligible person, per firm. |
| Insurance | 100% for certain compulsory-liability and death/incapacity claims; 90% for other non-compulsory policies, no upper limit. |
| Mortgages | Mortgage advising and arranging: up to £85,000 per eligible person, per firm. |
Further information: www.fscs.org.uk.
8. Documentation and information
I will forward documents as soon as practicable after receipt. Where a series of transactions is involved, I may hold documents until the series completes, then forward them together.
I may place mortgage-related insurance through another broker, arrange for you to deal directly with an insurer, or make special arrangements with an insurer; I will tell you when that applies.
You will receive information on repayment methods and implications of a mortgage; advice and reasoning are confirmed in a suitability report.
You must disclose all material facts for insurance; read policy wording and notify the insurer of changes that may affect cover — non-disclosure can invalidate cover.
9. Conflicting interests
I offer impartial advice, but a conflict can arise between your interests and mine, another adviser, or another client. If a conflict cannot be prevented, I will inform you in writing and obtain your consent before carrying out your instructions.