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Broker Talkback

Will you try to charge a fee for advising mortgage clients to take up a direct deal?

Yes 75%
No 25%

Yes

“We are offering a service and the client is getting a better deal out of it.”

Andrew Dutton, Penton Corporate Services

No “It is not the way I have normally traded. I think the market will change back to a more even playing field fairly soon but I may have to review it.”

Susan Ford, Ashley Brown Associates

Yes “Ultimately, if we provide advice and help our clients find the best deal, then we should be able to charge a fee for that.”

Gary Partige, Broadstreet IFA

Yes “Absolutely, I certainly would. Why should we do all the work and then not get paid?”

Russell Allan, Gibson Pension & Investment

Yes “We would have to because I do not think we are going to earn anything otherwise. Whether the client will pay it is another question.”

Michael Alexander, Michael J Alexander Ingatestone Associates

Yes “How will I get paid if I do not charge a fee? My mortgage business volumes have gone down a lot in the past few months.”

David Marsh, BDM Financial Management

Yes “We would charge a fee as we are offering advice to the mortgage client.”

Paul McCabe, Sean McCabe IFA Financial Adviser

No “As a local IFA, I feel that relationships are even more important and I do not believe that it would warrant a fee.”

John Kennedy, Sovereign Financial Services IFA

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