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.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group