How we are paid
During our initial meeting we will discuss how we would be paid for our services should you instruct us to proceed. There is no charge for this preliminary meeting and at this stage no obligation on the part of either of us.
We will agree with you whether you wish us to work on a fee basis or whether you wish us to be paid by commission from the cost of investments or other financial arrangements we may transact on your behalf.
Fees
Fees will usually be based on time spent and the complexity of the advice
and evaluated at a rate per hour. We will also be happy to discuss a fixed fee
if you prefer this to a variable fee.
We will always tell you about any commission which we may receive and where applicable it will be taken into account in working out our fees. We will provide you with a Letter of Engagement confirming the basis of fees.
Commission
Commission may be paid to an IFA firm by the provider of an investment
arrangement as remuneration for the successful completion of business. The commission
is included within the provider's normal contract charges. The amount of commission
is normally based on the premiums or contributions payable and the expected
duration of the contract or as a percentage of the sums invested.
Whether we receive our remuneration by way of commission or fees will be a matter of discussion and agreement, and no charge for fees will be made without prior notification and agreement in writing.
