How We Are Paid

You can choose to retain us on a basis encompassing either commission, fees or a combination of both. We will discuss all options with you.

On a commission basis we will receive payments from product providers which we recommend to you and we will declare such payments to you.

On a fee basis we will declare our fee scale to you before we commence any work. Any renumeration we normally receive from product providers will be reinvested back into your arrangements to enhance the contract terms or may be offset against the level of fee agreed.  Her Majesty’s Revenue & Customs (HMRC) has stated that these investments will not be subject to additional taxation.

For our fee structure click here.

Furthermore, on a fee basis future advice would be charged on either a hourly or project rate applicable in the year advice is provided.  Meetings at a location other than our offices will incur travelling costs and a charge at the mileage rate in line with that recommended by the Automobile Association.  At present our charge rate is 50p per mile.

Whatever basis you choose, either commission, fee or a combination of both, income we receive is used to recoup costs.  These include advice and guidance, research into product providers and products best suited to your requirements, reports, assistance in completing the appropriate application forms, the subsequent processing of these forms with the product providers and administration.

Subsequently, income that we receive as a result of acting on your behalf enables us to provide valuations, annual review meetings and ongoing financial advice to you for as long as you require it.

A percentage of all income is expended by The Financial Management Group in meeting our compliance costs under The Financial Services and Marketing Act 2000 and with our industry regulator The Financial Services Authority (FSA).  The balance enables us to meet costs associated with staff, offices, technology, research, recommendations, developments, insurance and professional fees to mention but a few areas.