Paradigm raises fees per adviser by 30%

Existing advisers' fees have increased from £500 per registered individual per month to £650. Advisers within the group's Mortgage and Protection proposition have also seen fees increase, to £450 per adviser per month. In a communication with its adviser customers, Paradigm said the "increasing cost of regulation and PII (professional indemnity insurance) means it is necessary for us to review our pricing model". Non Paradigm wrap users have also now been asked to cover the £60 monthly licence cost of planning tool Morningstar Adviser Workstation. The changes came into effect fr...