How Do I Pay My Adviser
When
taking professional advice there are inevitably costs.
There are several ways of paying for the work needed to get you the right advice. We can be paid a commission from the company which supplies your product or you can pay us a fee. The fee can either be paid direct when invoiced or collected by O’Sullivan Associates from the policy, thus avoiding the need to write a cheque.
Remember that commission is only an option when you buy something through O’Sullivan Associates. If you take advice and then proceed to arrange a product directly with the product provider, then in certain circumstances, this advice, may still need to be paid for.
Commission is taken out once you start paying into your policy. This can be done as a chunk right at the start of the policy’s life, or at regular intervals during it.
If you have a lot of money to invest or your circumstances do not demand a lot of time then we will be happy to put some of the commission back into the policy. This helps boost the potential performance, as more money is invested on your behalf.
If you pay a fee, you write out a cheque to O’Sullivan Associates. This should mean the charges taken out of your policy, will be lower as there is no commission to pay.
More Money is invested for you up front.
However, we can confirm that there is no charge for the initial meeting and the choice of renumeration is yours.
“Whatever method you opt for remember that the important point is that you know how much the advice is costing - not whether you write a cheque or pay by means of commission. ”
The Personal Finance Society