SimplyBiz chairman Ken Davy’s restricted national Sandringham Financial Partners has unveiled its adviser pricing structure.
Sandringham partners will be charged 15% of their turnover up to £100,000 and 5% above that level. The charge covers Financial Services Authority and professional indemnity insurance costs, as well as professional body membership fees.
A client servicing package, which will be delivered by Sandringham to give extra support to partners, will also be included in the costs.
Davy (pictured right) said: ‘A partner of Sandringham will benefit from significantly lower costs than alternative offerings in the market.
‘Even more importantly founding partners will have the opportunity to be much more profitable because of the client focussed framework they will be able to deliver to their clients.’
Steve Braidford, managing director of Sandringham, said: ‘We have worked hard to ensure our pricing structure is as low as we could possibly make it whilst including all the elements of the proposition.