commission

Has RDR really changed anything? (Or why you should talk to us last!)

Has RDR really changed anything? (Or why you should talk to us last!)

A potential client has contacted one of our advisers asking about our costs as they have been quoted 3% initial cost and 1% ongoing costs elsewhere. In their circumstances, this means paying out more than £16,000 for advice costs in the first year. The potential client knows our adviser personally and has a background in banking, so a rival firm quoting a percentage rather than cold, hard cash does little to conceal the ludicrousness of paying £16,000 for less than 20 hours actual work!