Adviser charges, early encashment penalties and IHT 'Russian roulette' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
Is your financial adviser charging you too much? Clients may be picking up the phone this week following this Sunday Times article, which examines the average amount charged by financial advisers. The data in the piece comes from VouchedFor, which asked advisers featured on it to publish their charges. A total of 423 advisers, representing 263 firms, did so, and the website found the average initial fee to be 1.72% while the average annual charge was 0.69%. Hourly fees ranged from £125 to £250, with the average coming out at £178 per hour. For investment advice, clients ended up pay...
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