Most advisers charging on a percentage basis - study

A total of 83% are either charging a percentage of clients' initial investment, a percentage of their assets under management, or a combination of the two, according to Aviva's latest adviser barometer study, which surveyed 1,047 advisers last month. Most use a combination, with 6% charging a percentage of assets only and 18% as a percentage of the initial investment, Aviva found. Fewer than one in ten (8%) of advisers have settled on a fixed rate model, while 5% charge an hourly rate of typically between £150 and £249 per hour, according to the study. Financial Conduct Authority (...