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    • Catbells
    • By Catbells 7th Jul 17, 11:30 AM
    • 745Posts
    • 1,123Thanks
    IFA Fees
    • #1
    • 7th Jul 17, 11:30 AM
    IFA Fees 7th Jul 17 at 11:30 AM
    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.
Page 1
    • macca1974
    • By macca1974 7th Jul 17, 11:35 AM
    • 213 Posts
    • 185 Thanks
    • #2
    • 7th Jul 17, 11:35 AM
    • #2
    • 7th Jul 17, 11:35 AM
    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.
    • Catbells
    • By Catbells 7th Jul 17, 11:40 AM
    • 745 Posts
    • 1,123 Thanks
    • #3
    • 7th Jul 17, 11:40 AM
    • #3
    • 7th Jul 17, 11:40 AM
    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.
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