Your Payment Options

Before embarking on any form of Financial Advice it is important to understand how the firm will be remunerated. Not all firms charge for advice in the same way, which can impact on the advice you receive or the products you may purchase as a result.

We have outlined three options below, which offer different pros and cons. By reviewing these you can make an informed decision that best suits your circumstances.

Fee

Whether you buy a product or not, you will pay us a fee for our advice and services. If we also receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee; or reduce your product charges; or increase your investment amount; or refund the commission to you.

Commission (or product charges)

If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product provider’s own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier.

Combination of commission and fee

In some circumstances, we also charge a fee on top of any commission we might receive.

We can discuss the payment options with you and will not charge you anything until you have agreed how we are to be paid.