How we are paid
How We Are Paid
We are an advice led Company and we charge fees for our expertise and knowledge when providing the advice and implementation of our recommendations. The “Cost of Our Services” provides full details.
To suit your preference, Parker Castle offer flexibility on how you wish to pay our fee. The options available to you are:-
- Payment directly from you to Parker Castle
or
- Payment by commission (ie. payment from the product provider via product charges);
or
- A combination of direct payment and commission from the product provider.
Direct fee payment from you
You could choose to pay Parker Castle's fee directly by cheque.
Paying by commission (or product charges)
You could choose that Parker Castle is paid direct from the commission received from the provider(s) of the financial product(s) we transact on your behalf. Commission is normally a part of a product's charges. Under current legislation, VAT is not payable on commission. If you instruct Parker Castle on this basis and the transaction does not proceed – for any reason(s) – we reserve the right to charge a contingent fee for the cost of our time spent in dealing with you.
Combination of direct payment and commission
Where Parker Castle receives commission from the provider(s) of the financial product(s) we transact on your behalf, it may be used to offset our fees. Any balance of fee due after offset will be invoiced to you. VAT may be payable in addition.
Whether you choose the fee or commission option, or possibly a combination of these, this Guide provides details about the cost of our services. No work will be carried out until your signed acceptance and agreement to proceed is received.