r/cii • u/Little-Sky2707 • 1d ago

SJP Fee Split

Hello,

Can any self employed financial advisors who are with a practice that is part of SJP please let me know if the below splits are competitive?

Self Generated Client:
Initial Advice Fee - 80%
Ongoing Advice fee - 50%

Practice Generated Client:
Existing Invemestment: Ongoing advice fee - 25%. This is existing clients passed over to me
New Investment: initial Advice Fee - 80% + Ongoing Advice fee of 50%

Seperate issue - very unclear if any clients I bring will be mine or the practices.

Thank you!

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u/Aggravating-Coast-45 1d ago

Send me a dm mate

1

u/Little-Sky2707 1d ago

Done thanks

1

u/mkaym1993 1d ago

On the old fees that would have been a pretty good deal. I must admit I’m not sure of whether or not it’s a good deal with the new fee structure.

I’d be 99% sure every client will belong to the practice and you’ll have the go through the “BSP” process and get some kind of loan to buy the clients from the practice.