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COMMISSION TO IFAs

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  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    old thread I know .. but noticed they are now saying

    Please note that at the current time our commission rebating service is full to capacity and therefore is now closed to new clients. This change does not affect existing clients.

    something I originally queried
    payless wrote: »

    Hope they have all the right IT setup to deal with the reconcilation of the very large number of small commissions that will come thro' their books.

    Plus just read an article about them actually taking trail commisison themselves under a product promoted by own apponited rep Penniston Hill Private Clients Ltd
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • toonfish
    toonfish Posts: 1,260 Forumite
    "I believe that the good IFAs will embrace this and be the first to inform their clients that they are very happy to work on a fee basis (perhaps a retainer as well?) to pass on the benefits of IM to their clients"

    If the client was paying a fee, the commission would be rebated anyway so why would they pay another fee to Intelligent Money?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.



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