IFAs

mr sheen

Well-known member

Jan 17, 2008

1,552

• Sep 29, 2014

• #1

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?

 

B

bhanutz

Well-known member

Aug 23, 2005

5,998

• Sep 29, 2014

• #2

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

Tofu eating wokerati

Helpful Moderator

NSC Patron

Jul 23, 2003

34,116

Up and Coming Sunny Portslade

• Sep 29, 2014

• #3

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

Active member

Dec 2, 2011

890

• Sep 29, 2014

• #4

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.