Remuneration details and Schedule of Fees & Charges as an Investment and Insurance Intermediary
We will be remunerated for the financial services we offer you our client, in a number of ways:
- By commission, fee, and other types of remuneration earned from Insurers and Product Producers to whom orders are transmitted. Summary details of these payments will be
included in a product information document which you will receive.
- In addition, we may earn a minor non-monetary benefit which we will only accept if it enhances the quality of our service to you our client. For example: attendance at a product seminar or assistance with branding, IT support etc. and/or
- By you directly in the form of a fee which we will discuss and agree in advance of all transactions; see Fee Table below and/or
- You also have the option to pay for the services we provide by way of a combination of commissions and fees which we will discuss and agree in advance of all transactions.
- A summary of all remuneration arrangements from each Insurer and Product Producer is available in our office.
Fee Table for Advisory and Financial Planning Services
Fees may be charged on an hourly rate. This will always be discussed and agreed in writing in advance of any work being undertaken on a client’s behalf. Our rates are:
|
Professional Advisor |
Professional Fee (Hourly Rate Ex VAT) |
|---|---|
|
Initial Consultation |
Free |
|
Principles /Directors |
€195.00 |
|
Senior Advisors |
€135.00 |
|
Support / Secretarial Staff |
€65.00 |
- Additional fees may be payable for complex cases to reflect expertise or urgency. The basic hourly rate as outlined may be subject to change should these additional factors arise. This will always be discussed and agreed in advance of any work taking place.
- Professional Fees are non-refundable in the event that a policy is cancelled.
Why pay for an Advisory Service
Ongoing Reviews – One of the main benefits in appointing me as your advisor is that you will benefit from
- Regular reviews of your investment strategy to ensure that your objectives are in line with current trends and expectations
- Quarterly reviews reported to you on your investment(s).
This review will be an internal document designed and created in an easy to understand format inclusive of a performance commentary based on your existing investment portfolio.
Wallace Financial believes that attention to detail and personalised client service will set us apart from our competitors. We are highly qualified to manage your investment portfolio dealing with any queries you may have on an ad-hoc basis during the term of your investment journey.