BDS Network
New BDS Appointed Representative Proposition – available to new AR’s joining BDS from 1st. February, 2010
Most Networks will offer you complicated pricing structures that mix gross and net fees, PI fees, monthly fees, compliance costs and additional charges for licences. Some will charge on turnover – you pay more based on how successful you are, surely this shouldn’t be the case.
BDS not only gives you access to local Business Development Manager support and face to face compliance advice from its team of Field Compliance Officers, the service provided from the staff in its Head Office in Lichfield is 5-star.
Simply put, you pay a monthly all inclusive fee to be part of the Network, which includes all you need to run your business. That means that as long as your compliance remains up to standard there is:
- NO Top slice on Mortgage Fees*
- NO Top slice on Protection Fees
- NO Top slice on Advice Fees
- NO PI payment
- NO hidden compliance costs
- NO sourcing system & CMS costs**
BDS Network pricing structure:
Monthly fees, charged per adviser as follows:
The above fees are exempt from VAT
These fees give each adviser access to Trigold and to the customer management system, The Key.
Off Panel – We work hard to ensure that you have access to everything you need to write business. If you do go off panel, there will be a 20% deduction from the gross fee to cover compliance costs.
To find out more about the BDS Appointed Representative proposition click here
*Proc fees for completed packaged mortgage business is paid as per the published net fee scale
**A single licence per adviser is provided free of charge. Additional licences are charged at £20 + VAT per month per licence
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