On receiving an enquiry we invite a prospective client to come to our offices for a preliminary meeting. The purpose of the meeting is firstly to establish whether we are able to assist with the prospective client's needs and objectives. Secondly to discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this preliminary meeting and no obligation on either side.
After the initial free consultation, we will agree whether it is preferred to pay our "adviser charges" as a fee, or whether we should be remunerated directly from the cost of any financial product required.
Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs. However, we also offer a fixed fee option for consultancy work and portfolio management the later being expressed as a percentage of funds under management.
Commission is paid to an IFA firm by a provider, usually an insurance company, for the successful placing of primarily protection only business. The commission is included within the providers normal product charges, therefore, in most instances, there will be no further cost to the client for this type of business.
We always disclose our fees at outset and obtain written agreement to proceed prior to starting work on behalf of our clients. For ongoing fees relating to portfolio management we use our Portfolio Review Agreement to confirm our Terms and Conditions and the costs involved.