Research by an IFA, John Baxter, via an international directory of Who's Who Professionals, has found that 97% of professionals would prefer to seek fee based advice and that 94% said they did not believe that commission based advisers where not biased.
Our view
We fully support this view. Since the day started trading we have offered clients a fixed fee approach to the advice, guidance or straight arrangement of financial services.
All clients of this firm agree a cost upfront before any work is done. This cost is the maximum cost and is what people pay. Whether people then choose to pay their bill via commission or fee is irrelevant.
To put it into context, if you arrange a £50,000 life insurance policy, or if you arrange a £25,000 life insurance policy, the time spent by an adviser is the same. Why should should the adviser get paid double the commissions for the same advisory work? We do not, where we give advice we agree a simple cost before work is done.
Contact us for advice today or visit the Help Zone to find out about all the different ways we can offer advice to you.