November 30, 2020
Now I’m not becoming obsessed by bathroom furnishings – the theme of this blog is a skill set appearing on my own CV, namely, pretending to be interested in DIY.
Again and again I see the benefit of leaving it to the experts.
I had a recent interaction with a new potential “walk in client” with whom we had no previous dealings – normally new clients are referred from existing clients who are pleased with the job we have done for them, and value what we do.
Discussing his potential investment his opening line was “the last guy done one of these for me got £X00, ‘sake”
Now there’s nothing wrong with seeking good value, but the assumption that fees go into my back pocket are alas inaccurate, a common misconception my wife has as well, truth be told.
Financial Advisory fees cover:
• Regulatory fees to enable us to adhere to the guidelines of the Financial Conduct Authority
• Good salaries to employ good hardworking honest conscientious staff who provide good service
• Training and development costs
• Professional Indemnity fees to enable folk to sue us if we get it wrong, where costs have doubled over the last 3 years caused by the actions of those with lower standards than us
• Compensation scheme fees to help bail out companies that go insolvent
• Compliance outsourcing costs to ensure best practices observed
• Corporation Tax, Rent, Rates, Stationery, Lighting, technology leasing
• Research software licences for fund information, product comparisons, mortgage comparisons, protection comparisons, cash flow modelling tools, Pension consolidation tools
• Buns and sausage rolls – Well I didn’t say we were perfect, did I?
So by all means don’t be throwing away any more money than you need to in terms of costs, but position this against the increased proposition of a job being well done by a locally owned established business with low staff turnover and many satisfied clients
Where’s the brown sauce?
Recent blog articles
January 14, 2021
I never was the worlds best ambassador for New year resolutions, having gone for avoidance of broccoli last year, and reduced artichoke intake this year, but it works for[…]Read More >
November 30, 2020
Now I’m not becoming obsessed by bathroom furnishings – the theme of this blog is a skill set appearing on my own CV, namely, pretending to be interested in DIY.[…]Read More >