1. What can financial guidance help me with?
Financial guidance provides assistance in understanding your portfolio’s long term potential, covering areas such as retirement planning, tax considerations, elderly care, inheritance, and divorce. The focus is on delivering the appropriate level of guidance and support without selling specific products or earning commissions.
2. How much does it cost?
Prosper’s partner, Horizon Financial Planning and Coaching, operates on a fixed-fee basis, avoiding the traditional percentage charges on assets. Following a free 45-minute consultation, our pricing starts at £200 per hour (excluding VAT) or £1,600 for a full discovery and planning service (excluding VAT). This approach ensures you receive transparent and fair pricing for the services provided. Prosper takes a share of the fees you pay and this will be detailed in your agreement with Horizon Financial Planning and Coaching.
3. Do I need to have a certain amount of money to access my free session?
No, Prosper does not impose a minimum asset threshold. Unlike many financial advisers who require clients to have over £200,000 in assets, Prosper offers guidance regardless of your asset level.
4. What is the difference between financial guidance and financial advice at Prosper?
Prosper’s financial guidance helps clients understand their finances, explore investment and pension options, and create personalised financial plans. However, Prosper does not offer personal recommendations on specific financial products or manage investments on your behalf.
5. Who provides the financial guidance at Prosper?
Prosper’s financial guidance is provided by our partner Horizon Financial Planning and Coaching, led by Chris Smith, a Chartered Insurance Institute (CII) member with over 30 years of experience in financial services, including a tenure as Global Head of Conduct and Compliance at HSBC.
6. How can I book a consultation for financial guidance?
You can book a free 45-minute initial consultation via this link to discuss your financial planning needs and explore how we can assist you.
7. What are the costs associated with ongoing financial guidance?
After the initial free consultation, Prosper offers a full discovery and planning service for £1,600 (excluding VAT). Alternatively, follow-up sessions can be booked as needed at £200 per hour (excluding VAT). Prosper takes a share of the fees you pay and this will be detailed in your agreement with Horizon Financial Planning and Coaching.
8. Does Prosper receive commissions from financial product providers?
No, neither Prosper nor Horizon Financial Planning and Coaching, our partner, receive commissions or fees from financial product providers, ensuring that the guidance provided is unbiased and focused solely on the client’s best interests. Prosper takes a share of the fees you pay and this will be detailed in your agreement with Horizon Financial Planning and Coaching.
9. Is Prosper regulated by any financial authority?
Yes, Prosper Savings Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 991710, ensuring compliance with UK financial regulations. Our financial guidance partner, Chris Smith, is a Chartered Insurance Institute (CII) member and regulated by the Competition & Markets Authority (CMA).
10. How can I contact Prosper for further assistance?
You can reach Prosper by replying to this email or by phone at 0203 137 0487, Monday to Friday, from 9 am to 5:30 pm or by clicking on your profile icon in the app and messaging us directly.
We do not offer regulated investment advice. If you are unsure about investing, please speak to an independent financial adviser before proceeding.