Steve Braidford called the move a commitment from the national - which is backed financially by the ‘godfather’ of networks, Ken Davy - to stand by its advice.
The waiver, which is for its initial founding partner advisers, aims to help reduce the risk advisers face and the heavy burden that stays with the adviser, he added.
The move, which is a commitment from the national business to stand by its advice, will reduce the risk advisers face and the heavy burden that stays with the adviser.
Mr Braidford said: “We have looked at existing models and do not understand why the risk of the advice given is placed on the advisers shoulders, despite the national or network approving the actions.
“We are promising advisers that if they follow our advice process we will stand by the advice they are giving.”
He said the firm’s directors were confident in the calibre of the advisers that want to become founding partners at Sandringham and called the business’s compliance procedures “robust, yet easy to follow”.
Mr Braidford added: “In the unlikely event of an uphelp complaint by a client on any advice given by one of our Founding Partners we are committed to stand by our advisers.”
Mr Davy, who is also chairman of SimplyBiz, launched Sandringham Financial Partners in 2012.