The operating system for introducer-led growth

How does fee-sharing work in RQ?

Category: Fee-sharing

Fee-sharing in RQ covers the commercial arrangements between firms that refer clients to each other. When you set up a referral partner in RQ, you can record the fee-sharing terms: whether you pay or receive a fee for each referral, the type of fee (fixed amount, percentage, or ongoing trail commission), and the specific amounts or rates. When a referral is created, RQ automatically applies the relevant fee-sharing terms based on the partner and referral type. As the referral progresses — from initial introduction through to outcome — the associated fees are tracked. This means your firm has a clear view of expected referral income (or costs) at any time. For compliance, fee-sharing records in RQ are linked to the consent and disclosure captured for each referral. This creates a complete audit trail: the client was told about the fee, they consented, and the fee was recorded. This is exactly what ICAEW monitoring inspectors look for during reviews. RQ also provides reporting on fee-sharing activity, so you can see total referral income by partner, by period, or by referral type. This is useful for reconciling payments, reviewing partner performance, and reporting referral income in your firm's accounts. The fee-sharing feature is available on RQ's paid plans. It is designed to handle the commercial reality of referral relationships while keeping everything transparent, documented, and compliant with regulatory expectations.