Legacy trail commission may create a "moral hazard" in which advisers encourage investors to stay in investments longer than they should, analysts at Barclays have warned.
Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.
Sandringham Financial Partners, the national advisory business, has signed up as a partner of the New Model Business Academy (NMBA) to invest in not-for-profit training and development.
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The Financial Services Authority (FSA) has said it will "come down hard" on those firms who continue to flout its rules after its first round of thematic reviews this year.
Describing the Financial Services Authority (FSA's) emphasis on exam taking as an "insult", one adviser of 45 years has stopped advising and is now offering financial training instead.
Andrew Tully goes through the important considerations of developing a fee schedule