IFAs

[mr sheen]

Posting this as I know some on here make money from financial products, whilst others have sufficient cash to make use of the services of IFAs. How do they make their money - do they charge a fee up front? Do they get a cut from products sold?

 

[bhanutz]

Some charge a fee up front, some (depending on the product recommended) can facilitate the fee through the product. I.e you make the investment amount the provider will deduct some to pay for the advisers fee..... With protection products, they still pay a commission to the adviser.

 

[Guinness Boy]

Depends what they sell you! They can still do mortgages and the life cover that goes with them on commission so you don't pay up front. Other products may be on a fee basis and it may depend on firm type

http://www.fca.org.uk/firms/firm-types/sole-advisers/rdr
https://www.barclaysstockbrokers.co.uk/pages/rdr-faqs.aspx

 

[Bognor Seagull]

Check out this Worthing firm to whom my cousin works for & I have previously used. Independent IFA & been around for more than 25 years.

www.investment-solutions.co.uk

Click on the Services tab & you'll see their fees/services.

Always, recommend that you shop around & forget the Banks who will only flog their own products.
Hope this helps.