Finance

How much does it cost to speak to a financial advisor in the UK?

Alex Walia

June 17, 2026

One Min Read

In the UK, the cost of speaking to a financial adviser depends on the type of advice you need, the adviser’s experience, and how they charge for their services.

Typical Costs

Initial consultation

• Many advisers offer a free introductory meeting.
• Some may charge between £50 and £300 for the first consultation.

Hourly rate

• Usually ranges from £100 to £350 per hour.
• Specialist advisers or those based in London may charge more.

Fixed-fee advice

• A one-off financial review or retirement plan typically costs £500 to £3,000.
• More complex financial planning can cost significantly more.

Percentage-based fees

• For investment or pension advice, advisers often charge 1% to 3% of the amount invested as an initial fee.
• Example: Investing £100,000 could result in an advice fee of £1,000 to £3,000.

Ongoing advice

• Annual charges are commonly 0.5% to 1% of the assets being managed.
• Example: A £200,000 investment portfolio might incur annual advisory fees of £1,000 to £2,000.

What Affects the Cost?

The fee can vary depending on:

• The complexity of your finances.
• Whether you need one-off or ongoing advice.
• The size of your investments.
• The adviser’s qualifications and experience.
• Whether the advice covers pensions, investments, tax planning, inheritance planning, or mortgages.

Typical Spending Levels

• Basic financial guidance: £100–£500
• Retirement or pension planning: £500–£2,500
• Comprehensive financial planning: £1,000–£5,000+
• Ongoing wealth management: Usually charged as a percentage of assets each year.

Financial advisers in the UK are required to explain their fees clearly before providing regulated advice, allowing you to understand the costs before committing to their services.