How We Are Paid

After the initial free consultation, we will agree with you whether you pay us a fee, whether we are paid out of the cost of any financial product you buy, or a combination of the two.

Commission is paid to an IFA firm by a product Provider, usually an insurance company or an investment house, for the successful placing of business. The commission is included within the providers normal product charges so, if you prefer to choose this route, there is nothing you need to pay us in addition.

Fees will usually be based on time spent and evaluated at a rate per hour calculated to recover out costs or on a fixed cost basis. Fees may attract an additional VAT charge whereas commissions, under current legislation,
do not.

Whether we take our remuneration by way of commission or fees will be matter of discussion and agreement – no charges for fees will be made without prior notification in writing.

For Mortgage advice we can be paid by commission or a fee of £295.

---

About Island IFA

Island IFA is a fully regulated independent financial planning service and a trading style of Imperial Independent Financial Advisors Ltd. Imperial Independent Financial Advisers Limited, which is authorised and regulated by the Financial Services Authority.

Further consumer information is available from the Financial Services Authority via the following link: www.moneymadeclear.fsa.gov.uk

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

The FSA do not regulate some forms of mortgages or tax planning services.

Imperial Independent Financial Advisers Ltd. Registered in England and Wales No. 05274431. Registered office Imperial House, 94 Oakley Road, Southampton Hants SO16 4LJ