How we are paid for our services
When we receive an enquiry, we invite the prospective client(s) to come to our offices for a preliminary meeting. The purpose of the meeting is to first establish whether we will be able to assist you with your needs and requirements, and second to discuss how we would be paid for our services, should you instruct us to proceed. There is no charge for this preliminary meeting and no obligations on either side.
Following this free consultation, we will discuss and agree how we will be remunerated with you, the possible ways being by direct fee or via the investment. For non-investment insurance advice we will receive commission from the product provider, while adviser charging will apply to pension and investment products. We will always tell you about the adviser charges or any commission we earn.
Commission for non-investment insurance products is built into the provider’s normal product charges, based on the premiums payable.
Adviser charges for investment business can either be based on a percentage of the amount that you invest or a fixed amount, and you have the choice to either pay direct or be deducted from your investment.
The charge for a financial review and recommendation is a fixed fee of £1,200, payable when we give you a report containing our recommendations regarding your circumstances. This fee will be waived wholly or in part, should you decide to go ahead with any of our recommendations. The fees we charge will depend on the complexity of your personal situation.
Whether we are remunerated by way of adviser charge, or commission will be a matter of discussion and agreement, and no charges or fees will be made without discussing and agreeing them with you first.