How We Are Paid

On receiving an enquiry we invite a prospective client the choice of either to come to our office for a preliminary meeting or a meeting at their home or workplace. The purpose of the meeting is firstly to establish whether we are able to assist with the prospective clients needs and objectives and secondly to discuss how we would be paid for our services should we be instructed to proceed. There is no charge for this preliminary meeting and no obligation on either side.

After the initial consultation, we will agree with you whether you pay us a fee, or we are paid from the cost of any financial product you buy. We will always disclose in writing any commission we earn, and it will be taken into account in working out our fee. We can also utilise a combination of fees and commission.

Commission is paid to an Independent Financial Adviser firm by a provider, usually an insurance company for the successful placing of business. The commission is included within the providers product charges, so there is nothing you need to pay us in addition. The amount of commission is typically based on a percentage of the premiums payable.

Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover our costs. Commissions, under current legislation, do not attract an additional VAT charge.

Commission is received for protection products only if this is the clients preferred method of paying for the advice.

Full details are available in our Client Agreement which can be provided on request.

I am very happy to recommend Gerry Scott as a Personal Financial Advisor and indeed have already done so to friends who, like me are retired and need careful and considered management of their funds. He is always ready to explain and advises with patience and good humour. I have every confidence in his expertise.

Mrs Hawkins
Buckfastleigh

All original testimonials are held on file and are available for inspection if required.