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How We Get Paid

Historically this has been one of the largest areas of “mystery” surrounding financial services. We will not undertake any work that we expect to get paid for until we have had the discussion with our clients. We normally discuss how we get paid during the second phase of the advice process. This is down to the fact that until we know what we are dealing with it is difficult to give an accurate quote.

We often agree fixed costs with our clients which are normally covered by commissions due from any products recommended. The net result is that our clients do not pay directly for our services and any additional commissions due would be re-bated back to the clients’ policy. This also ensures that we are not biased towards those providers paying higher commissions for our business, ie it levels the playing field.

Our ongoing regular review meetings can either be paid for by trail commissions from investments, etc or our clients pay a “retainer fee” on a monthly basis. Again, these will be discussed before we expect to receive them.