7IM platform upgrade adds flexible fee structure

Upgrade said to open up advice to ‘new cohort’

Sahar Nazir
clock • 2 min read

7IM has upgraded its platform to allow advisers to charge for advice costs by setting up regular client contributions.

Fees can now be paid in instalments that coincide with clients' regular contributions and do not require online approval. This "opens the option of advice to a new cohort of clients who may need support with their pensions but not necessarily need a full advice service," 7IM said in a release. "By adding the option for advisers to charge fees for setting up regular contributions, we are enabling them to offer their services to a cohort of clients that may not necessarily need full and comprehensive advice, while at the same time, making it financially viable for them to offer this ser...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

TrinityBridge financial planning head tackles Spring Forecast rumours

TrinityBridge financial planning head tackles Spring Forecast rumours

‘You always have to take all these with a pinch of salt’

Isabel Baxter
clock 12 March 2025 • 3 min read
Kingswood nears takeover deal with PE backer HSQ Investments

Kingswood nears takeover deal with PE backer HSQ Investments

HSQ Investments considers full acquisition of Kingswood

Sahar Nazir
clock 12 March 2025 • 2 min read
Advisers predict growing demand for Business Relief solutions

Advisers predict growing demand for Business Relief solutions

According to investment manager Downing

Sahar Nazir
clock 11 March 2025 • 1 min read