A 20-minute listen.

In this episode of Octo Outside, where our podcast team moves beyond Octo HQ to meet members of our community on home turf, Beckford James managing partner Joe Maguire tells Sam Shaw that while commission has been abused by the odd ‘bad apple’ he has yet to see an entirely fixed fee model that would be well-received and appropriate for many advisers. Hence Beckford James offers its clients the option of how they wish to pay.

He describes a conundrum: recruit more young talent to his firm and further his succession plan, or retain the firm’s Chartered status – which would be at risk given the Personal Finance Society’s ‘50% rule’ on the requisite minimum qualifications.

They also talk about the FCA’s SM&CR and its role in improving levels of accountability.

Sam Shaw will be back next week with more from our Octo Outside podcast series.