How much does financial advice cost?

I’m thinking about getting financial advice regarding my pension but I’m worried about the potential cost and whether it’s affordable. How much does advice usually cost?

Question asked by George Topping
Need Pension Advice?
Call us on 02084327333
First Name
Phone
Email

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.

financial advice
 
cost of advice
 
pension planning
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Start your journey today...
  Find out how a Drewberry financial adviser can help you reach your destination by making the most of your finances.
Call us on 

Frequently Asked Pensions Advice Questions

 
What is an annuity? Is this a popular pension to get in...
 
I’m approaching retirement and have built up a defined contribution pension pot over my working...
 
I’m now working overseas but plan to return to the UK at some point in the future. Am I still able...
 
I’m interested in using one of my smaller pensions to take a few lump sums when I’m in retirement....
Need Help? Live chat now and get an instant answer from our Experts...

Neil
Pensions

Victoria
Insurance
Our Latest Reviews
Kevin Paul
05/09/2017

Excellent service renewing our medical insurance, professional advice, good rates found and excellent professional after service, highly recommended.

Max Edgar
09/09/2017

Nadeem was brilliant. He was very patient and worked very well with me to come up with the best solution possible for my budget. Perfect solution. Thank you very much.

Aidan Smyth
11/09/2017

Dealt with me promptly and provided me with the most cost-effective option consistent with my requirements. Very pleased and thank you.

We are rated 4.9/5 based on 1129 independent client reviews.
To read more of our independent client reviews click here →
REVIEWS
EXCELLENT
4.93 / 5 Average
1,224 Reviews
Anonymous
Overall Rating
Mine was not a straightforward case, but Steffan was first class in everything.
L W
Overall Rating
Sam was extremely knowledgeable and helpful.
A
Overall Rating
Really, really helpful! Stopped me from signing up with an unhelpful company, and did basically all of the legwork for me in signing up with the right one. I can't have been the most helpful client as I'm 19 and only just started looking into it last week, but he took all the questions in stride! Put up with me turning to ask my dad questions every 2 minutes as well. I was helped by 2 workers; Sam and Nick. Thank you very much to both!
L Finch
Overall Rating
Good communication and follow ups. Friendly. A thorough research for my insurance needs.
M
Overall Rating

Sam Barr-Worsfold was very helpful and provided excellent customer service. Sam discovered I was paying too much premium for my current cover. Sam recommended and helped moved to a new cover with lower premium that provided the level of cover (terms required stated in the provider's policy) I wanted. I recommend highly recommend Sam and Drewberry Insurance. Thank you Sam.