How we transitioned to an adviser charging model

clock

Advisory firms have less than two years to transition to an adviser charging remuneration model. But some have already made the move...

Martin Bamford, managing director, Informed Choice "We made the move from commission to adviser charging in 2004 as a result of a growing sense of frustration within the business. This frustration came from our old pricing model where we only got paid if the client purchased a commission-paying product. With so much of the ‘value’ we were providing being received by our clients regardless of whether a product was purchased, it seemed a bizarre way of structuring our remuneration. "We made the move by pricing our services at three specific points in the process – advice, implementation ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read
'Nobody is big enough not to be bought'

'Nobody is big enough not to be bought'

Roderic Rennison on the future of deals in the advice industry

Isabel Baxter
clock 20 March 2026 • 1 min read