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

SJP wealth management CEO James Rainbow hits back at 'expensive' label

SJP wealth management CEO James Rainbow hits back at 'expensive' label

Charging structure overhaul ‘proves’ otherwise, he says

Sahar Nazir
clock 15 July 2025 • 2 min read
LTAFs will be included in Stocks & Shares ISAs from April 2026

LTAFs will be included in Stocks & Shares ISAs from April 2026

Wave of City reforms

Eve Maddock-Jones
clock 15 July 2025 • 3 min read
FCA to shorten authorisation timelines

FCA to shorten authorisation timelines

Reduced from six to four months for complete applications

Sahar Nazir
clock 15 July 2025 • 1 min read