How we are paid
On receiving an enquiry we invite a prospective client to come to our offices for a preliminary meeting, without charge or obligation. The purpose of this meeting is to establish whether we are able to assist with the individuals needs and objectives, and secondly to discuss how we would be paid for our services should we be instructed to proceed.
If we agree with you to work on a fee basis, we will normally agree a fixed fee for an agreed plan of work. At all times, we will ensure that you are fully aware of any costs involved, before a commitment is made. Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs.
Where we move on to implement the financial plan by arranging, for instance, a life policy, investment or pension plan, we may be paid commission by the provider, usually an insurance company or an investment house for the successful placing of business. We will always tell you about any commission we earn, and it will be taken into account in working out our fee.
Commission is paid to an IFA firm by a provider, usually an insurance company or an investment house for the successful placing of business. The commission is included within the providers normal product charges, so there is nothing you need to pay us in addition. The amount of commission is based on a percentage of the premiums payable or sums invested.
Whether we take our remuneration by way of commission or fees will be a matter of discussion and agreement, and no charges for fees will be made without prior notification in writing.
For mortgage advice we typically do not charge a fee, however we may charge a maximum fee of £295.