IFA Network advisor fees comparison

petervanderpoel

Currently considering different IFA networks such as St James Place, True Potential, Openwork

Is there a website / study that does these comparison on what they charge to Financial Advisors

Could you share your experience when you were choosing a network. What were the fee differences and what other factors were important that made you chose a certain network?

Pennywise

I can't help with fees etc as I'm not and IFA, but I act as accountants for 3 different small IFA firms and they have each independently told me that they wouldn't touch St James Place with a bargepole due to poor reputation and having seen what they've previously done for clients who've joined my IFA clients which has taken a lot of time and money to correct. They've each said that True Potential is far too expensive and they wouldn't reap the benefits due to their costs. They've never mentioned Openwork so I can't comment.