Belmayne Among Top Firms Highlighting Fee Confusion

A clear and transparent approach to fees has earned us national recognition from a leading industry journal.

Belmayne is one of 12 firms from across the UK to have our charging structure scrutinised by New Model Adviser (NMA), in a bid to demonstrate discrepancies in the sector.

Partner, David Bashforth, said: “We are pleased to see the financial media turning the spotlight on adviser fees and highlighting the myriad different ways charges are structured. It is almost impossible for people to compare financial planning on a like-for-like basis and as a profession, we need to be more upfront with prospective clients about our fees.”

Currently, financial planners use percentage, flat fee or time-based models, with some adding commission to specific products, such as mortgages or assurance policies, resulting in random and confused charging structures.

David added: “To be hailed as a ‘top firm’ by NMA reinforces what we believe to be true – clients appreciate our efforts to keep fees simple and offer good value. We are very open about our charges because we know they are fair. In fact, we have recently added a fee calculator to our website and offer free initial meetings to explain the financial planning process.

To find out more about our set up charges and fees for ongoing advice, click here. For more information about Belmayne’s inclusion in the New Model Adviser article, visit: http://citywire.co.uk/new-model-adviser/how-12-top-firms-charge-for-advice/a1278801.