“Robo-adviser has £900 turnover in final year”

Jan 29, 2020 | Stockmarket

How much we charge and how we charge is much debated in our business. Should we all work on an hourly rate and send out bills like accountants and solicitors? Is it fair that those with most invested pay most because our fees are a %age of clients’ funds? But then would smaller clients get advice if we did it another way? Failed online advice company Moola is proof that cheap and cheerful is often not so cheerful. £1.35m of costs for £900 turnover? That doesn’t help anyone.

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