Our Fees
We can be paid for our work via fees or commission.
We are different from the majority of financial advisers, who are purely
commission-based. This means that they are paid by the product providers
when they sell you a financial product.
A commission-based adviser (like most Independent Financial Advisers or
bank and building society advisers) will get paid bonuses or commission
if they sell you a financial product. This can lead to a conflict of interest
which affects the advice process.
A fee-based adviser is paid whether or not a product is sold. A charge
is made for work done (for example, producing a report or setting up a
new policy). The charge is based on the amount of work involved and will
be transparent.
The separation of "Sales" and "Advice" means that the advice that we provide will always be in YOUR best interests.
We take the same level of initial commission on pension and investment advice, irrespective of which policy provider we select. This ensures that we are not accused of choosing certain products or providers because they pay higher levels of commission.
Fee-based advice is not just for the very wealthy. More and more people
are seeing the benefit of receiving ongoing unbiased advice on their finances.
Offering fee-based advice means that we can also advise you on Inheritance
Tax, Trusts and other areas which will not necessarily lead to the sale
of a policy.
