The Baumann Group does not charge any direct fee to our clients, there is no initial fee for our consultation, writing a report or making a recommendation. We work on a commission basis, should you wish to take our advice.
There are no direct fees and should one of our services attract a fee it will always be discussed and agreed with you prior to being implemented.
At The Baumann Group trust and transparency is key, in any recommendation we provide we are always open and honest about what fees that will be coming from within any investment, pension, trust or savings plan.
Being an independent intermediary we are completely unbiased and offer products from the whole of the market via the providers available to us. Therefore, we are able to offer you a wide variety of products to best suit your needs and circumstances. We work for you the client not any 3rd party and work on a best advice basis.
There are three main forms of investment:
- Regular savings plans for retirement or education fee planning or other savings plans typically have a minimum of $125 USD or (currency equivalent) per month.
- A single lump sum investment is typically $10,000 USD (currency equivalent)
- To transfer a pension then normally we recommend $20,000 USD as a minimum to justify the transfer fees.
So long as you are 21 years or above, whether you are working or retired we are confident that we can help you. Although we specialize in dealing with the expatriate community we are fully equipped to provide domestic and international clients investment advice across a range of products.
The Baumann Group has taken the decision NOT to handle client monies. Therefore, we will insist that ALL monies being invested by direct transfer, will be made payable directly to the transfer agent or product provider as appropriate. In the unlikely event that you issue a payment to us, the payment will NOT be accepted and will be returned at the earliest opportunity as opposed to being invested.
As above The Baumann Group do not handle any client money directly, we work with some of the world's largest investment companies who typically A+ rated. You will have a direct contract with them, most of have investment protection schemes and work under very strict regulatory guidelines. You adviser will discuss with you what protection the company or the jurisdiction that you are investing into has in place.
We have a strict Conflict of Interest policy to ensure that the material interests of the individual Appointed Representative of the company and, or, the company is never to supersede the interests of our clients.
There is no minimum age you need to reach before you can transfer you can take out any form of plan, you simply need to be able to demonstrate that the plan you want to take out is a financial viable option for you.
Where we are required to verify your identity in accordance with the Crime (Money Laundering & Proceeds) Act 2007 and the Crime (Money Laundering & Proceeds) Regulations 2010, no investment will be made until such verification has been obtained.
The Data Protection Act 2004 provides that institutions are prohibited from disclosing any personal information about a customer to any third party without the explicit permission of the customer. It also provides that all information collected must be relevant and useful for the application. We comply with the rules as outlined with the Data Protection act 2004.