How we are paid
On receiving an enquiry we'll call you straightaway for an initial chat.
We can deal with enquiries by telephone and e-mail for mortgages, loans, commercial lending, debt consolidation and Insurance.
Usually, to discuss pensions and investments, Inheritance Tax Planning or corporate enquiries, we'll invite a prospective client to come to our offices for a meeting. The purpose of the meeting is firstly to establish whether we are able to assist you with your needs and objectives and secondly to discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this initial meeting and no obligation on either side.
After the initial free consultation, we will agree with you whether you pay us a fee, or we are paid out of the cost of any financial product you buy (commission). We will always tell you about any commission we earn, and it will be taken into account in working out our fee.
Commission is paid to an IFA firm by a provider, usually an insurance company or an investment house for the successful placing of business. The commission is included within the providers normal product charges, so there is nothing you need to pay us in addition. The amount of commission is based on a percentage of the premiums payable or sums invested.
Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs.
Whether we take our remuneration by way of commission or fees will be a matter of discussion and agreement, and no charges for fees will be made without prior notification in writing.
For mortgage advice we may charge a fee. This is usually £299 if no there is business is being transacted. This represents the costs associated and time spent sourcing the product, obtaining your information and submitting it to the lender.
If you have any questions about how we are paid, please give us a call and we'll be delighted to talk you through the options.
