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Introducer fees for new clients

Introducer fees for new clients

As a firm we are trying to formalise a client referral system through other business partners (e.g IFA's). We reciprocate by giving business and receive a commission based on certain financial products - where there cut will be pretty much be a known item. Obviously they'd seek some form of introducers comm'n. Job profitability and recovery rates however come into it of course (albeit further down the line when the job's completed and billed), but does anyone have a structure to reward such introductions. what would be a fair rate?
TJ

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18th Aug 2006 11:34

Commission for introductions
I usually recommend 15% to 20% of the first years fees payable at the end of the month in which the fee clears your bank account. Tel: 01623 883300 (usually up to 10.30 pm) Web: www.apma.co.uk. Over thirty years serving the profession. Jeremy Kitchin Practice M & A Ltd.

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