How will Wren Sterling charge for any advice?
Since 31 December 2012 all independent financial advisers have been required by the Regulator to charge fees for their advice rather than receiving commission from product providers (other than mortgages and life assurance).
An initial consultation and a subsequent discussion document are at the expense of Wren Sterling. If, thereafter, regulated financial advice is required, Wren Sterling will prepare a “suitability report” setting out that advice in writing, including the pros and cons, and highlighting the cost of that advice. You would be invited to approve the cost of preparing that report and implementing the recommendations before Wren Sterling undertakes any work for which a fee would be charged.