Common models
- A percentage of the money they manage for you.
- A fixed or hourly fee for a piece of work.
- A flat fee for an initial plan.
Independent vs restricted
Independent advisers can recommend products from across the whole market; restricted advisers work from a limited range. Always ask which you are dealing with.
Frequently asked questions
Should I pay a percentage or a fee?+
It depends on the work and the size of your pot. For one-off planning, a fixed fee can be better value than an ongoing percentage.