Adviser charging: Life after 'three-plus-a-half'

Before the Retail Distribution Review (RDR), the standard advisory charging structure was 3% initial commission and 0.5% ongoing trail. Some advisers are still maintaining this model today, calling the 3% an ‘upfront fee' and the ongoing 0.5% a ‘management charge'.Whether this is best for clients and the security of a business, however, is an ongoing moot point. Others are doing things a little differently. PA spoke to four advisers prepared to share their charging secrets...