Fees and commission

How we charge for our services

At Montgomery Charles we feel that true independent impartial advice is best provided by charging a fee for the work we do. We only take commission where we feel it is in the clients best interest due to cash flow requirements or commission value compared to a direct charge. Often a young professional with relatively simple affairs will opt for commission, whereas business owners with more complicated affairs will elect for fee based advice.

The vast majority of investment advisers work on a commission rather than fee basis and, whilst you do not physically write out a cheque for the advice, you are paying for it out of the investment plans/policies you buy. You may be paying too much.

The argument against commission is that it may cloud an adviser's decision making and can place far too great an emphasis on selling products rather than giving sound financial planning advice. If a commission-based adviser doesn't sell you a financial product, he or she will not earn a living. This can lead to conflicts of interest and exploitation by some of the more unscrupulous operators in the financial services industry. There are some excellent commission-only advisers but equally, there are some very poor ones.

We mainly work on a fee basis with our clients. We aim to charge a fixed fee for initial reports so you know our charges in advance. We only work with clients where we can add significant value and make a real and lasting difference in realising their financial goals.
We provide a no obligation initial consultation of 30 minites free of charge. We will agree any fee charge after we have completed a Discovery Meeting.