Fee Based Financial Planning
Fee based financial planning vs. commission based financial planning
When using the services of a financial planning adviser, they will either be fee or commission based. Fee based financial planning means that a fee is either charged at a set rate or price which covers the whole advisory process. Alternatively, financial planning may be made through commission, the amount being automatically paid by the product provider as a percentage value of products you purchase.
Regardless of whether you use commission or fee based financial planning, all advisory firms wishing to class themselves as independent financial advisers (IFA) in the UK are regulated by the Financial Services Authority who legally insist on impartial, unbiased and independent advice.
From simple saving accounts to mortgages and pensions, small financial changes we make now can make a big difference to our futures. And given our current economic climate, independent financial advice has taken on an even stronger importance. Here at Independentfinancialadvisor.co.uk our selected IFAs are fully independent and can offer impartial advice on a wide range of products from providers across the market.
Whatever financial assistance you require, it may be best to seek independent financial planning advice. For impartial advice and fee based financial planning over a broad range of financial services, talk to a member of our financial planning advice team today.
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