How we are paid

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 clients 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 preliminary meeting and no obligation on either side.

If we agree with you to work on a fee basis, we will normally agree a fixed fee for an agreed plan of work. At all times, we will ensure that you are fully aware of any costs involved, before a commitment is made. Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs. Fees attract an additional VAT charge.

Where we move on to implement the financial plan by arranging, for instance, a life policy, investment or pension plan, we may be paid commission by the provider, usually an insurance company or an investment house for the successful placing of business. 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. Our Fees do notnormally attract an additional VAT charge but this may alter in the future. Commissions, under current legislation, do not. We will always tell you about any commission we earn, and it will be taken into account in working out our fee.

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.

If you ask us to arrange a mortgage for you, we can be paid by commission, a fee or a combination of both. If you choose to pay us a fee the exact amount will depend upon your circumstances but we estimate it will be 1% of the loan amount. Alternatively we can accept commission from the lender. For example for arranging a loan of £100,000, we would charge a fee of £1,000.

Your home may be repossessed if you do not keep up repayments on your mortgage.