The IFA charging broker consultants for their time

Chartered financial planner Dennis Hall says as the industry becomes more professional, it makes sense to introduce a fee to deter strong-willed account managers from eating into client time. "This is not about trying to generate another income stream, but rather its objective is to spend less time listening to sales pitches," Hall, the managing director of Yellowtail Financial Planning says. London-based Yellowtail currently charges £150 plus VAT for an hour of their advisers' time. Hall says there have been occasions where product providers have agreed to the fee, but he has not ...