Hi All,
I was looking to set up a Bare Trust for my newborn daughter with Standard Life. Unfortunately Standard Life will not deal with you directly and they have referred me to a list of brokers. How does it normally work regarding fees. My plan would be to make a once off contribution of say 8,000 euro. Will I have to pay the broker a fee for setting up the account . How normally do fees work. I presume there will be an annual management fee. Is this charged by both standard life and the broker. How do I minimise the amount of fees being charged against the account. Thanks in anticipation of responses
I was looking to set up a Bare Trust for my newborn daughter with Standard Life. Unfortunately Standard Life will not deal with you directly and they have referred me to a list of brokers. How does it normally work regarding fees. My plan would be to make a once off contribution of say 8,000 euro. Will I have to pay the broker a fee for setting up the account . How normally do fees work. I presume there will be an annual management fee. Is this charged by both standard life and the broker. How do I minimise the amount of fees being charged against the account. Thanks in anticipation of responses