How we are paid
After the initial consultation which is at our cost, we will agree with you whether you would prefer to pay us a fee, or for us to be paid out of the cost of any financial product you buy (commission). We will always tell you in advance about any commission we will earn and similarly the basis of any fee will be advised in advance.
Commission is paid to an advisory firm by product providers, usually an insurance company or an investment house for the placing of business. The commission is included within the providers' normal product charges, so there is usually nothing you need to pay us in addition. The amount of commission is normally based on a percentage of the premiums payable or sums invested.
Fees may be based upon a project basis, a percentage of assets basis, or on a time spent basis. Please note fees will reflect not only time spent but also factors such as complexity, monetary values, urgency, inherent risks and the level of specialist input and research required. Any expenses will normally be charged in addition.