Calculating advice costs

By Jenne Mannion SOFA and Winterthur have teamed up to produce a Fees Toolkit, allowing financial advisers to determine the appropriate hourly rate to charge their clients. After calculating the cost of advising a client on particular issues, the Fees Toolkit will produce the necessary documentation to support the adviser should clients default on their payments. The software for the Fees Toolkit should be available at the end of the first quarter of 2000. This software is part of a package containing several computer-based tools and the necessary documentation to initiate a move to oper...