Do St James Place financial advisers get a salary or commission?
14 October 2022
Question by Lynn
Do St James Place financial advisers get a salary, or do they work on commission?
Answered by Boring Money
Lynn,
They will get a share of the fees that you pay. Commission was banned as a form of adviser remuneration in 2012 for pension and investment products.
It's good practice to shop around and make sure you understand exactly what you are paying for any advice you receive and for the products you invest in. That includes ongoing charges as well as upfront fees and any exit penalties should you decide to terminate the relationship or take your investment elsewhere.
