Advice Evolution principal authorised representatives receive 100% of the income they generate from their business, including any volume bonuses paid by product providers. Members pay an annual fixed dollar License Fee to cover services delivered.
In addition, an ongoing % based fee is applied for professional indemnity insurance and other costs of operation. This % based fee is reviewed regularly.
Advice Evolution has been designed to be profitable in its own right so as to create equity value for its members over time. Members holding equity decide the distribution of profits and ultimately, the sale of the business in the future for capital realisation.
As a group owned by its members (advisers participating in the Equity Scheme) we retain 100% control of the income from our own individual businesses.
Our objective is to keep the costs of running an advice business as low as securely possible to ensure you retain as much as income as possible.