Truly Effective Rate

At Truly Independent, we empower our advisers to make more money, have more time, and to do so with less stress. Our formula for that outcome is the cornerstone of our business model; being happier in business is essential. Happiness is a science and is incorporated within our systems, service and support propositions.

We pay our advisers twice a week based upon business completed. The more you write, the more you receive. The happier you are, the more productive and successful you are.

We understand that moving to a new company can be stressful, even more so for Financial Advisers with the process of transferring clients over to consider. This is why, on top of all the support we already provide, we also offer a minimum retention rate of 85% to new advisers who join in their first year. No fees, no levies, no minimum charge. After your first year, you will then move to our Truly standard rate, where you can retain up to 95%, outlined in more detail below.

We have a unique charging structure for our advisers that is fair for all and includes a distinct and recurring income ‘extra bonus’ feature. The more you earn, the less percentage you pay. Advisers are all self-employed and are paid between 70% – 90% of their gross income dependent on their production level.

Plus, in addition to the Production Bonus, a further 5% can be achieved for recurring income providing they meet the firm’s client support agreement standards.

This remuneration model is unique to us and exists to encourage advisers to look after existing clients and fulfil their client support agreement pledges; this is our Value Proposition.

We also encourage our advisers to pursue higher qualifications that result in the CII Chartered Financial Planner awards. Holding Chartered Status provides the opportunity for higher bonus earning.