At the outset IFS Wealth Management arranges a preliminary meeting for the purpose of establishing whether we are able to assist with the prospective client's needs and objectives. At this meeting we also discuss how we will be paid for our services should we be instructed to proceed. There is no charge to you for this preliminary meeting – we will bear the cost of this.
After the initial meeting, IFS Wealth Management will agree with you whether we are paid by means of a fee payable by you, by means of adviser fee incorporated in the cost of any financial product you buy, or a combination of the two.
Commission is paid to a Financial Adviser firm by a Product Provider, usually an insurance company, for the successful placing of business. The commission is included within the provider's normal product charges.
Fees may be subject to VAT and we will advise you whether or not this is the case. Under current legislation commissions and fees for advice resulting in a product sale do not attract VAT.
Whether we take our remuneration by way of deductions from the product or fees will be a matter of discussion between us followed up with a written agreement, no charges for fees will be made without prior notification.
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