I have a couple of clients who would clearly benefit from Investment Advice from an IFA. I have some experience of one local firm (who act for another client of mine) and had in mind approaching them with a view to forming a relationship. Is it reasonable and/or normal practice to ask for a referral or split commission? If so what sort of amounts/percentages have others achieved? Is it worth shopping around, both to get the best deal for me and to make a preliminary assessment of capabilities for my clients?
Any other experiences of managing such a relationship would be greatly appreciated.