So, will keep brief but hopefully share the relevant info:
DH will be selling his business (well part of it, then staying on for another 5 years or so before selling the rest of the business to a 3rd party)
Pensions around £1m
3 properties (rentals at the moment with about 50% equity across the board)
I earn around £75k p.a.
DH earns around £400k (with dividends)
Main house worth £1.5m with £500k mortgage
That's very top line, no other savings really apart from the odd ISAs, and some in a low interest savings account.
We don't live an extravagant lifestyle but need to cover mortgage and fees (2 kids at school, private, 1 DC at uni, paying for this) and a nice holiday or two if possible but obviously want to ensure that the sum that DH gets for part of the business is not just eaten away by inflation.
DH has been approached by a 'wealth manager' who suggests charging £12k upfront for evaluating our assets, doing research etc, then an ongoing management fee of 1.3% a0nd annual custody fee of 0.15% plus various other charges e.g. brokerage fees.
Are these fees really the going rate? Just seems high to me!