How much should you pay a financial advisor?
Generally, financial advisors charge a flat fee of £1,500 to £2,500 for the one-time creation of a full financial plan, or roughly 1% of assets under management for ongoing portfolio management. Of course, fee rates and compensation structures differ from advisor to advisor.
I specialise in giving advice on protecting people and businesses owners against death, illness and injury.
I assess my clients risks, and based on their needs I make a recommendation to ensure the impact from death, illnesses or injury is mitigated.
If their application for insurance is accepted, I receive a commission from the insurer.
Therefore, there is no fee for my financial advice.
It's best to use an advisor or broker, especially if you don't understand allot of the terminology online. You don't want to leave yourself or your family at risk by being under insured. Using a broker shouldn't cost you more that going direct.
I have access to a comprehensive panel of insurers, this allows me to compare the market place, which in turn, enables me to source competitive deals, some of which our exclusive to my network.