How much does financial advice cost?
Our aim is to ensure that our charges are clear and represent fair value for the advice we provide. We will always agree the basis of charging and an indication of the charges that will apply before we carry out the work.
There are three options for clients to select from; hourly rates, fixed fees or a percentage basis.
Hourly rates depend upon who is giving the advice. As a guide, a typical Independent Financial Adviser charges £175 per hour. A Director's hourly rate is typically £210 per hour. If you choose to pay by an hourly rate, you can also request that your adviser does not exceed a given amount without checking with you first.
Fixed fees range from £100 for an administrative task on your portfolio through to £1,500 for a full recommendation report. If you choose to pay on a fixed fee basis then we will agree in advance the fixed fee that will be charged for the work undertaken.
Fee percentages are the most common method people select. The percentage payable ranges from 0.5% to 3% of the value of the product, depending on the advice or work required.
Clients can pay their fees in a number of ways. Fixed and hourly rate fees are invoiced for payment in all the usual ways. Alternatively, if preferred, fixed and percentage fees can be charged via the product, if there is a suitable product.