National IFA Positive Solutions is to offer existing and prospective partner firms a new charging structure designed to encourage them to build their own brand presence and recruit more advisers.
The new ‘Practice' model, announced at the Aegon-owned firm's partner forum in January and which it said would be similar to a network proposition, is aimed at attracting larger practices with turnover above £150k, and at least two advisers. While the precise charging structure is still being finalised, it will include a fixed retention percentage based on turnover and a fixed fee, plus an additional percentage of turnover to cover professional indemnity insurance costs. FSA and FSCS fees and levies will be passed directly to firms at cost. In return, Positive Solutions said it will o...
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