How can Financial Advice be paid for?
Advisers must explain how much their advice will cost and agree how it will be paid for.
Options include:
The customer may ask – is the fee worth it?
Only they can answer that – the recommendations given help them make good quality decisions that may last for the rest of their life.
Hourly Rates are typically:
Initial discussion is often free of charge to enable all parties to understand where advice and services may be required.
Services and Typical Fees Charged
Analysis and presentation of options - Minimum £500 or £3,000 if complex
Implementation of options - Minimum £500
Advice on capital investments - 3% of first £100,000, 2% on next £100,000, 0.5% on the excess
On-going services Minimum £500, 0.5% to 1% per annum of funds after advice.
