At
Herbert Scott we insist on keeping our fee schedule as
simple and clear as possible. During our first meeting
we will assess what work needs to be undertaken and discuss
with you how we might be paid. Broadly speaking, the charging
structure we employ will depend upon the type of business
we are undertaking (i.e. investment, insurance, or mortgage).
• For
investment work (which includes pensions) we will agree
a fee that can be paid either directly by you or as a deduction
from your investments. For ongoing wealth management we
charge a small percentage of the funds we manage for you.
• For
non-investment insurance work (i.e. establishing Life Assurance
policies), we will earn commission. This commission, which
is paid by the provider of your policy, will be disclosed
to you on the personal illustration that is provided along
with the KeyFacts document.
• For
our mortgage service, we charge a fixed fee that is dependant
upon the amount borrowed. In some cases we may also receive
a commission from the lender, which will be deducted from
the fee we charge you.
• For
all other work we charge an hourly rate that will be agreed
with you before we start.
For
further details please take a look at our Client
Agreement (Investment Business) and our Keyfacts about our mortgage
and insurance services.
