Firm and affiliate fees 2025
IFA firms pay:
- the appropriate annual firm fee based on the number of BOOMs and offices your firm has (a BOOM is defined as a Beneficial Owner, Officer or Manager);
- £4 annual OPBAS fee per BOOM; and
- all affiliate fees where your firm has affiliates (an affiliate is a non-IFA member who is a director, partner or LLP member in a firm regulated and supervised by the IFA).
The firm fee includes the fee for IFA AML supervision. There is no application fee to become an IFA firm or affiliate though you will need to meet the appropriate definition for each.
Firm fees
|
|
Number of offices |
||||||
|
|
|
1 |
2 |
3 |
4 |
5 |
6 |
|
Number of BOOMs |
1 |
£322.00 |
£402.50 |
£483.00 |
£563.50 |
£644.00 |
£724.50 |
|
2 |
£483.00 |
£563.50 |
£644.00 |
£724.50 |
£805.00 |
£885.50 |
|
|
3 |
£644.00 |
£724.50 |
£805.00 |
£885.50 |
£966.00 |
£1,046.50 |
|
|
4 |
£805.00 |
£885.50 |
£966.00 |
£1,046.50 |
£1,127.00 |
£1,207.50 |
|
|
5 |
£966.00 |
£1,046.50 |
£1,127.00 |
£1,207.50 |
£1,288.00 |
£1,368.50 |
|
|
6 |
£1,127.00 |
£1,207.50 |
£1,288.00 |
£1,368.50 |
£1,449.00 |
£1,529.50 |
|
|
7 |
£1,288.00 |
£1,368.50 |
£1,449.00 |
£1,529.50 |
£1,610.00 |
£1,690.50 |
|
|
8 |
£1,449.00 |
£1,529.50 |
£1,610.00 |
£1,690.50 |
£1,771.00 |
£1,851.50 |
|
Affiliate fee
The affiliate annual fee is £90.00 from the date of application to 31 December 2025.