Help for IFAs switching from commission to fees

An intermediary franchise has been set up to help business switch from commission to fee-based financial planning. True Financial Planning, launched last week, is targeting small and medium size intermediary firms and aims to provide them with the infrastructure and training to switch their business model. The founders of the franchise were the directors of the intermediary firm Baxter Fensham, which switched from commission to fees during 1999-2000. At launch True Financial Planning has signed up three other intermediary firms, Slater Marchant, JRD and Provenio. The aim is to recruit 1...