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.
There are 1,840 asset management firms with £8trn AUM
RDR brought sweeping changes to adviser charging
Ten key facts about the financial advice business
Good News Bulletin
An estimated £2.75bn
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Why writing to MPs won't fix the FSCS levy - but writing to the Treasury Select Committee just might
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