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| Contact Us |
Robert Faull & Co Financial Services
Independent Financial Adviser
Tel: 01752 696 471
Or: 01752 696 475
Mob: 07818 466 345
Fax: 01752 696 474
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| Financial Services Authority |
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| You and Your Money |
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| Financial Times |
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| BBC Homepage |
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| Client Agreement |
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31KB |
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| IFA User Terms |
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31KB |
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| Privacy Statement |
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26KB |
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Providing clients with Independent Financial Advice, in the majority of cases, does involve very complex research and record keeping and there has been much discussion, regarding which is the best method of payment, when receiving Independent Financial Advice.
The discussion regarding the payment for receiving Independent Financial Advice, has centred on the question of, whether it is better to receive advice on the basis of a fee arrangement, or being paid on the basis of receiving a commission payment, with the said commission payment, being paid by the product provider.
Based upon the press and media comments, it appears there is mixed opinion, as to which is the best method of payment, when receiving Independent Financial Advice.
Based upon my personal experience as an Independent Financial Adviser, which has been gained, over the last twenty plus years, I believe that as long as the client receives the correct Independent Financial Advice, when required, the method of payment, for the said advice, should be as flexible as possible.
I make the above statement because there have been many occasions in my career, when I have given Independent Financial Advice to a client, at a time of financial difficulty and because of their personal financial circumstances, they were pleased to receive the required advice, with the full knowledge that the payment for my services, would be covered by the commission payment, to be received from the product provider.
With the above considered, I believe the key to helping clients, is not to allow the difference of opinion, on which is the best method of payment (fee based, commission based or any combination of the same), to become a barrier, but to offer my clients as much flexibility as possible, when paying for their Independent Financial Advice and as such, the options are as follows:
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Fee Based Hourly Rate |
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Fee Based Agreed Total Fee Amount |
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Monthly Retainer Fee With A Reduced Hourly Rate |
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Commission Based |
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Combination of Fee and Commission |
For more detail regarding our fees, please download our 'CLIENT AGREEMENT' by clicking on the link, which can be seen on the left hand side of this page.
Really the choice is up to you as the client because after all, the method of paying to receive Independent Financial Advice, should be as flexible as possible, thus allowing you as a client, the opportunity of receiving the correct Independent Financial Advice, at the time it is required and by offering the above flexibility, allowing you as the client, to choose the best method of payment, to suit your specific requirements, at the appropriate time of receiving the advice.
We will seek prior approval before any work starts. An estimate of costs are available upon request.
Please feel free to contact me, by using the 'CONTACT' page of this website, if you wish to discuss any issue raised by the above.
In the interim, if appropriate, I look forward to being of service.
Robert C Faull
(Independent Financial Adviser and Principal of Robert Faull & Co Financial Services)
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