Fees v commission
An independent article on the BBC News website discusses a Financial Services Authority (FSA) review which found that commission-based sales (sometimes wrongly parceled as fees) could lead to consumer detriment.
The report stated that,
“Product providers often remunerate advisers, and there can be a misalignment of advisers’ interests and those of consumers, adding to the risks of consumer detriment.”
Our solution to this problem is to only ever charge professional advisory and investment management fees (not commission offset) to our clients.
The strategies that we adopt aim to provide the greatest value for money; in short, the total costs will be lower and the potential benefits greater. In other words, you will keep more of your investment returns rather than using them to pay fund managers.
Our association with Raymond James Investment Services Limited and our chosen low-charging institutional investment funds that are often not available to the general public help achieve these objectives.
For more information visit:
BBC News - Advisers' commissions under fire
