Advisers have begun to receive their annual regulatory advice fees and have reported increases of between 24% and 30%, which they said will ultimately result in clients paying more for advice.
One adviser told Professional Adviser his bill had increased by 30%; meanwhile, another said his firm had seen an increase of £5,300 or 24%. A third adviser was yet to receive the bill but was not optimistic...
Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss how to stay on top of regulatory risk.
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