The many and varied ways to collect a client fee

Since the FSA announced an end to commission payments under RDR, much time has been spent discussing the pros and cons of moving to a fee-based system and why segmenting your clients can ensure they are not over or under paying you. One area that has received less airtime, however, is how to collect fees from your clients. This is, arguably, the most important aspect of the new regulatory landscape as it will require a change in behaviour from both advisers and clients alike. Here, three advisers who have all established successful fee models share their experiences on which methods w...