How much are independent financial adviser fees?
How much does a financial adviser cost? The answer will depend very much on what kind of help you’re looking for.
Adviser fees vary
Independent financial adviser fees vary from around ÂŁ500 for investment advice, to ÂŁ5,000 (and more) for some kinds of specialist pension advice.
If you’re seeking general guidance on budgeting and/or debt management, free advice can be obtained from reputable sources such as the Money Helper, Citizens Advice Bureau or (if you’re over 50), the government’s Pension Wise service.
How are financial adviser fees charged?
Independent financial advisers charge for their fees in a variety of ways:
Typical financial adviser costs
The table below shows some typical adviser costs - please note, these are guidelines only.
Type of advice | Cost |
---|---|
Investment advice | |
Advice and set up of ÂŁ11,000 investment ISA | ÂŁ450 |
Investment strategy for a ÂŁ50,000 inheritance (for a 50-year-old seeking medium-term growth) | ÂŁ1,500 |
Retirement planning advice | |
Advice on an ÂŁ80 per month pension contribution | ÂŁ500 |
Advice on a ÂŁ200 per month pension contribution | ÂŁ580 |
Advice on transferring a ÂŁ30,000 pension with guaranteed annuity rates | ÂŁ900 |
Advice on transferring a ÂŁ100,000 pension with guaranteed annuity rates | ÂŁ2,000 |
Advice on defined benefit transfer | ÂŁ1,500 |
At-retirement advice | |
Converting a ÂŁ30,000 pension fund into a lump sum and annuity | ÂŁ825 |
Full advice on a ÂŁ100,000 pension pot | ÂŁ2,000 |
Advice on a ÂŁ200,000 pension pot (execution only) | ÂŁ1,100 |
Set up of a drawdown scheme on a ÂŁ300,000 pension pot | ÂŁ3,500 |
At retirement advice where the client has a ÂŁ200,000 Sipp, some DB income, ÂŁ100,000 of investments and a ÂŁ250,000 investment property, incorporating estate planning | ÂŁ5,000 |
Factors affecting independent financial adviser fees
There are several factors that can affect the cost of a financial adviser, including:
Financial adviser fees vs commission
Financial advisers can still be paid a commission for advising on mortgages, equity release and insurance products. These include home, travel and term life insurance.
For advice on pensions, investments and retirement income products, advisers cannot be paid a commission and must charge you a fee for their services.
Choosing an independent financial adviser
This can be made much easier using online comparison sites such as:

Equity release advice
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