IFA comment: Fee-based advisers and the "menu"

clock

Another IFA comment - following publication of the depolarisation menu - suggests some intermediaries welcome the move to introduce documents revealing the earnings from advice.

I use both a commission route and a fee-based route and give my clients a choice of one or the other or a mix. I have done this for nearly three years and I have a fee schedule. It quotes an hourly rate, but, as in the article, I quote a fixed rate for a report depending a bit on how long it will take to write but on what I think the client will pay. This latter option is just how my father, a dentist, used to calculate his private dental fees in the 60s, 70s and 80s before he retired. Then I will charge a fee for implementing any recommendations which the client wishes to take up. In o...

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

Is compliance the hidden driver of business value and saleability?

Is compliance the hidden driver of business value and saleability?

'The reality is simple - buyers will pay more for certainty'

Paul Bruns
clock 09 September 2026 • 7 min read
PFS Festival of Financial Planning returns for 2026

PFS Festival of Financial Planning returns for 2026

To take place on 18-19 November at NEC Birmingham

Sophia Panayi
clock 08 September 2026 • 1 min read
Blevins Franks launches cross-border referral service for UK advisers

Blevins Franks launches cross-border referral service for UK advisers

For UK advisers with clients in Europe

Sophia Panayi
clock 08 September 2026 • 2 min read