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
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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.

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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.
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