How we get paid
Our services are paid for almost exclusively by adviser charges, some of which may be subject to VAT.
Our services are paid for by either:
- a pre-agreed fixed one-off charge; or
- a pre-agreed monthly charge; or
- a pre-agreed percentage of the portfolio to be invested.
The amounts and payment methods will be set out in a separate Client Agreement before starting any work.
Our services may be subject to VAT. Where there is any doubt, we add VAT to our interim bills and then (if applicable) repay the VAT after our work is completed. Our VAT registration number is 899 7979 00.
We do not receive commissions decided by product providers for advising on or arranging retail investments. In nearly all other cases, any commission that could be paid is rebated back into the contract so you get a better deal or is refunded to you. Any commission refunds will be accounted for and paid to you once a year.
We may receive commission for products we arranged for you before 31st December 2012, this is kept by us as payment for those past services.
Where applicable, we will issue you with an invoice which details what Adviser Charges you are due to pay. Payment will be due within 14 days of the invoice date. PageRussell reserve the right to charge interest at 3% above the Bank of England base rate on any Adviser Charges outstanding after 14 days.
