We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
IFA Fees
Catbells
Posts: 863 Forumite
How are IFA fees normally paid? ie directly by the client or taken from the investment income. Do clients receive a statement of fees ? Thanks.
0
Comments
-
Could be either. Depends on what you agree with the IFA, for example it is much more tax efficient to pay for fees out of a pension fund rather than direct for pension advice as you have received tax relief on it.
The IFA should agree the fee with you and agree a payment method before making any recommendations.
Quite flexible though and something to discuss with your adviser at the initial phase of your relationship with them.0 -
Thanks. There is no pension involved but an investment fund. A fee of .5 was agreed which is taken from investments so no provision for the investor to check how much this figure is. There has not been a statement of fees given which I would have thought necessary.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards