Don't take my free holiday away from me!

That is the cri de coeur that goes out from the pathetic Financial Salesmen (aka Financial Advisers) at the St James Partnership. At least investors know that they are not financing yachts but this still makes crystal clear where their priorities lie. It demonstrates that all investors should take independent advise about fees, charges, risks and performance comparisons before committing any funds to a fund manager or Private Banker.
St James Place Advisers threaten revolt over lost holiday rewards perks

Should you ever pay an initial fee?

Initial Fees charged by Financial Advisers or other Fund Managers/Private Banks can take a hefty chunk out of you savings. They vary but in some cases or countries they can reach nearly 5 per cent of your capital. In addition you will then be charged an ongoing annual fee by the adviser or the custodian of your investments.
Investors should take independent advice before accepting any terms and conditions. A small one off consulting fee may well save you thousands over a period of time.

Happy to pay a Wealth Tax - to your Financial Adviser?

This calculator will do the sums for you

https://larrybates.ca/t-rex-score/