
Financial Adviser Commissions - Do You Know What You Are Paying?
Ever been told by a financial adviser that he/she is providing “free advice”?
That there are “no fees” or better still, that there is an “all in charge of X% per year?
DON’T BELIEVE IT FOR A MINUTE!!!
These are usually the tell-tale signs that your adviser stands to receive a hidden commission payment for their advice to you.
You are entirely within your rights to ask your adviser what he/she is going to earn from any transactions you are contemplating. Such questions may be met with some resistance but you must insist on full disclosure and in writing. They may mention that their fees will be paid by the product provider. This is true to the extent that the product provider pays the adviser upfront but it is YOU that ultimately foots the bill!!
AND GUESS WHAT?? The fee can be as high as 8% of the invested amount!!
- This means that making an investment of £100,000 can cost you up to £8,000!!
- If the investment is £1 Million then the cost is £80,000!!!!
Abacus Wealth Management Limited does not charge commission unless specifically requested to do so by our clients. In these cases, we cap the commission at the level of our fee tariff.
We guarantee to beat any genuine commission quote. Come and get a second opinion today. This could save you a lot of money.
What Should You Do Next?
Contact us for a review and we will guide you for maximum benefit with no hidden costs.
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