Agreed Pricing
The issue of whether clients pay a fee directly or the adviser receives commission from a product provider, paid through product charges, is an issue that has been with the Financial Services Industry for many years. There is support for both methods from clients and the advisory community.
Pharon have always believed that the client should know what they are paying for, how much they are paying and how they are paying for it. For many years we have offered the Pharon Agreed Pricing Structure.
Within the Pharon Agreed Pricing Structure we will provide an initial interview without charge and usually an initial report in which we will detail what action if any we believe you should take. Before you decide to proceed with any service we will agree the costs of the service or product you are buying. This information will be provided in a clear and easily understood format and will include all relevant matters not just one component.
The actual payment is therefore known and agreed. Whether it is paid as a fee or taken in commission is dependent on the clients circumstances.
We earn our living by providing a service. It is the cost to you of that service that matters.