1st, AIFA and PBA to research the profits of fee-based advice

A huge research project is being conducted this month by 1st Software, the Association of IFAs and Phil Billingham Associations to try and find what the fee-based IFA might need to do to maintain profitability. Around 25,000 IFAs are being contacted throughout August and asked to complete the 'Profit Through Fees' online questionnaire, in the hope it can give a better indication of the time spent client facing and the changes that need to be made by firms moving to a fee-based structure. This latest research arises from a previous poll - 1st Impressions - which suggested IFAs wer...