You may decide to charge a fee for this service and others may include it in their initial fee. Should a fee be charged, there should be full disclosure to the client.
Note again the requirement as of 1 July 2013 under the FoFA reforms to the FSR regime (mentioned previously in Module 1) for advisors to put in place an “opt in” communication every two years that enables clients to choose whether they want to receive ongoing services and the accompanying fees.
As mentioned so often before, property investment advice is not currently covered by FSR. However, it still represents the current requirements in related professional services and may become applicable in the future.