Some advice businesses are charging as much as 5% for their initial fees, according to data compiled by advice comparison site VouchedFor.
The comparison site has recently allowed advisers to specify whether they charge an hourly rate, fixed fee, percentage of assets or a combination of all three. Within a week of the feature being launched,...
PFS renews its warning to industry
One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
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