A. We have a very simple, competitive model for all of our network members. Every firm pays a regular monthly fee which includes all the support and services mentioned and regulatory fees. Additional CAS advisers in the firm would be charged a reduced fee on top of the usual monthly base membership cost.
Our procuration fees and commissions deductions are all very transparent and we declare the full amount of money we receive from our suppliers. There is no Network top slice applied.
An agreed percentage is deducted from all gross fees and commissions received, which represents payment for the Network compliance charge. A further small percentage is paid providing comprehensive inclusive PI cover for the firm.
No deduction is taken by the Network from broker fees that are applied. They are the adviser’s.
We are always happy to chat informally through our proposition, and pricing, in more detail.