Answered by Andrew Jenkinson
It varies depending on who you seek advice from. Some advisers will charge an hourly rate, while others will charge a percentage of the value of your pension or investment.
Taking financial advice will add an additional cost to your investment or pension. These costs will ultimately take a slice out of the growth or performance of your investment. Although your adviser will be helping to generate those returns by recommending and monitoring investments that meet your requirements and risk profile you must be comfortable with the associated fees for their service.
The cost of financial advice
Financial advice costs can vary significantly even from the same adviser depending on the work required, especially if they employ a support team to deal with administration. The support team may be able to provide some of the work at a lower rate than the adviser’s rate.
There are a number of benefits to paying for financial advice, including
Please feel free to get in touch to discuss our fee structure and how we could potentially help you, 02084327333.
Frequently Asked Pensions Advice Questions
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