I went to an independent financial adviser to get some investment advice for some inheritance that I received.
I will be going back to him once he has gone through my risk assessment questionnaire.
Their fees are based on commission,they charge 1.5% per year,I was just wondering is this about average,high or low compared to what is typically charged?
He said that the investment company(say Standard Life,Zurich etc..) gets 1% and they get the other 0.5%.
Is this fairly typical?
Thanks
I will be going back to him once he has gone through my risk assessment questionnaire.
Their fees are based on commission,they charge 1.5% per year,I was just wondering is this about average,high or low compared to what is typically charged?
He said that the investment company(say Standard Life,Zurich etc..) gets 1% and they get the other 0.5%.
Is this fairly typical?
Thanks