Fees

IFAs/Mortgage Advisers

Mortgage Adviser

• 15% of gross commission/procuration fees received, inclusive of PI insurance. This rate falls to 10% on the excess above 40,000 each year. We have recently introduced a “low productivity rate”, but this only affects advisers that produce less than £2250 of commission in a quarter
• Plus all services outlined in the Services section are included within our standard percentage

IFA

• 19% based on the first £25,000 net initial commission /fees due to the Adviser and 12.5% on the excess
• The rate and threshold are reset to 19% and £25,000 respectively on 31 March each year
• Inclusive of PI insurance. Plus all services outlined in the Services section
• Adviser will have to pay the FSA, FSCS and FOS individual annual fee
• £95 monthly levy/administration fee

You will be liable for the annual FSA individual fees. In the past this has been £250 approx. for Mortgage Advisers and £1600 approx. for IFAs.

Introducer Fee

Refer an IFA/Mortgage Adviser to join our network and receive £250 introducer fee upon joining (paid when when the referred adviser reaches Competent Adviser Status).

Click here for more information on joining our network

For Clients:

Before our Advisers conduct business, they will issue clients with an Initial Disclosure Document reiterating our status within the industry and confirming any charges that may apply. Any fees charged will reflect the amount of work involved in arranging financial services, mortgages and/or protection, and a fee agreement will be signed prior to any chargeable work becoming liable for payment.