How we are paid
After an initial brief discussion to establish your requirements, it may be appropriate to arrange an initial meeting, which will normally be at our offices in Ampthill, but can, by special arrangement, be at your home or place of work. The purpose of the initial meeting is to establish whether we are able to assist with your needs and objectives and to discuss the fees for our services should we be instructed to proceed. There is no charge for this initial meeting and no obligation on either side.
If, after the initial consultation, you would like us to proceed with further work on your behalf we will agree with you how we will be paid for these services, in terms of an amount or an hourly rate, and the timing of such payment(s).
Previously, financial advisers could also be paid by way of commission based on a percentage of the premiums payable or sums invested. This method of payment is no longer available for investment-related products under regulatory changes introduced as part of the Retail Distribution Review, which took effect on 31 December 2012. As a result, the cost of any specialised advice, or implementation of that advice, has to be agreed with you in advance as well as how it will be paid for.
Fees will usually be based upon the time spent doing the work, its complexity, and the experience and qualifications of the personnel involved in the work. Fees may be subject to VAT at the prevailing rate, depending upon the type of work undertaken.
The fees we charge will be subject to your up-front agreement and no charges will be made without prior notification in writing.