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16 Mar 2009
Embracing the billable hour could help financial advisers stay solvent during the recession, a fund manager has said.
JPMorgan Asset Management head of UK retail sales Jasper Berens told Investment Adviser that hourly fee income is a lot more predictable - and lucrative - than commission-based income at the moment.
There has long been debate over whether providing financial advice is a professional service, like accounting and law.
Buyers of financial advice could be given the option of an hourly rate or an annual fee based on commission income, Berens said.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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