News & Views

How does payment for financial advice work?

14th April 2021

To keep it simple, use fee only advisers. They will charge a % of assets invested for services or an hourly rate which is all agreed in advance.

You need to know all your costs. These include your adviser fees, your  fund and platform fees and any brokerage costs. Any excess fees can make a massive difference as to how your funds will grow.

Transparency is key if you are going establish a good working relationship with your IFA.