Financial Adviser Networks

The table below is designed to show the costs of various financial adviser networks, and includes the date at which the data was processed. By its nature, this table will be incomplete and potentially out of date, but hopefully it will be a useful starting point for advisers looking for information.

NetworkModelSetup feeAnnual fee (fixed)Annual fee (percentage of revenue)Notes
SandringhamFees not published in an obvious location
ContinuumFees not published in an obvious location
SenseIFANil£3,6008% of first £200,000 (min £8,000)
5.5% for £200,000 to £1 million
3% for £1 million to £2 million
2.5% on excess
£150 p/m for each additional adviser. Additional fees for supervision, case checking and administrator access to IO.
PI and FCA fees calculated and invoiced separately
ValidPathIFANilNilPercentage fee based on business mix
True PotentialRestrictedNilNilNo more than 8%, including all fees and PI costs.Feels like much more of a buy-out option from a vertically integrated firm. Need to dig more into the details of the proposition.
RC BrownRestricted
Truly IndependentIFA
New LeafIFANil£495 +VATFlat £600 + VAT p/m (IFA model). 70-85% fee retention depending on turnover.Full paraplanning included, mortgage brokers in the network.

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I’ll be updating this table with more details as time passes, so bookmark and check back periodically.