How are we paid for the work we do?
Fixed Fees - We can be remunerated by you purely paying fees for the number of hours work that we carry out on your behalf. The fees would be agreed after the initial consultation and a fee agreement would be signed by both you and ourselves. Should an occasion arise where additional, unforeseen work is needed to complete the task in hand, you would be advised of the extra cost and if acceptable; a further fee agreement will be signed to address the additional work. Under normal circumstances we would not expect additional fees to be incurred, however the rare exception can occur and we believe that it is better if you are informed of the procedure beforehand. Our current fee structure is shown in our Client Agreement Letter and Keyfacts about our services and costs contained within Terms and Conditions.
Retainer Packages - You may also opt for retaining our services with regular monthly or annual payments. Any work then carried out on your behalf can be part funded by the retainer amount and (assuming paying fees) the balance paid for through the “fee agreement” described above. We offer three service packages through the flexible retainer agreement arrangement, these being Platinum, Standard and Transactional. Simply select which one provides the level of involvement from ourselves that you require. Alternatively we are perfectly happy to put together a “bespoke” package to suit your needs.
Fees & Commissions - You may prefer to reduce the “up front” cost of fees by opting to offset the agreed fee against commission payable. Not only does this serve to protect your cash flow it also has the advantage of not attracting VAT, as commission payments for financial advice is VAT exempt.
Commission Only - If you would prefer no “up front” costs whatsoever then the commission only route allows for the providers of financial products to pay us commission for placing your business with them. Commission payable is always disclosed prior to you making a commitment to purchasing or investing in any product. Equally, you should be aware that where you require our advice only and no purchase of a product takes place, then the commission option would not be possible and that a Retainer Package or the Fixed Fee option would need to be selected.
Total flexibility has been achieved, allowing you to pay for our professional services in a manner that best suits your pocket/cash flow. We constantly review our services to ensure that they continue to offer maximum flexibility and value.
Written details of all our methods of remuneration are included in our formal Client Agreement Letter and Keyfacts about our services and costs contained in the Terms and Conditions section of this website. |