How the money works
Your terms are agreed in writing before you refer a single client — and your statement shows every penny, every step.
A share of every introducer fee — rising with the size of the case
When business completes, the receiving firm pays an introducer fee. Your firm takes the majority share, on a sliding scale that rewards larger cases. These are our standard terms — yours are agreed in writing when you join, and any change ever proposed needs your explicit acceptance.
A worked example — initial and ongoing
Referral income arrives in two ways, because advice is charged in two ways.
Initial. When a client takes advice, they pay a one-off initial advice fee — under a typical published charging structure, around 3% of the amount invested (tapering on larger sums). Once the business completes, the receiving firm pays a one-off introducer fee out of its remuneration, and your firm takes its tiered share.
Ongoing. Advised clients also pay an ongoing annual fee — typically around 0.8% of the assets under advice each year. While the client stays advised, an ongoing introducer fee follows every year, and your share flows with it on the same statement.
Because ongoing fees are a percentage of assets, they move with the portfolio. The card assumes the invested amount grows 5% a year — so the ongoing income grows too. Markets also fall; ongoing income falls with them. That honesty is the point of showing the mechanics.
Recurring business pays recurring commission
Some products pay the introducer fee once; others pay year after year while the client stays invested. Where ongoing fees flow, your share flows with them — the same percentage, on the same statement, for as long as the business stays on the books.
Two honest notes: commission can be reclaimed if a client cancels within a product's clawback window — your statement handles this transparently. And payments are made when fees are received: we never pay out money that hasn't arrived, which is what keeps the network sustainable.
From completed business to your bank
Business completes
The receiving firm confirms completion and the introducer fee due.
Fee received
The fee arrives with SmartPeer and is reconciled to your referral's reference.
Statement updates
Your share appears on your statement, itemised against the referral.
Payout & invoice
The payout run pays your firm's account, with a self-billing invoice filed in your vault.
Five levels of network earnings
Introduce a firm and earn 5% of the gross fee on their completed referrals. Firms they introduce earn you 4%, then 3%, 2% and 1% — five levels deep, always paid from our share of the fee, never from theirs.
Start building your network ›Money questions, answered straight
When exactly am I paid?
Payout runs are made regularly once fees are received and cleared. Every payment is itemised on your statement with a self-billing invoice generated automatically for your records.
What about VAT?
We capture your VAT status at signup and our self-billing invoices handle the paperwork. Your accountant will appreciate the audit trail — every earning traces to a specific referral.
Can my firm negotiate different terms?
Standard terms suit most firms, but larger firms can discuss bespoke rates. Whatever is agreed is versioned, signed, and always visible in your portal.
What's the catch?
There isn't one. No fees to join, no monthly charges, no minimum volumes. Commission is genuinely the only money that moves — when you earn, we earn.