What advice, practical services, and support your financial adviser is including within those fees – for example

How Financial Advisers Earn Their Income

When appointing an adviser, it is important to ask questions about financial adviser fees and what to expect.

Fee structures for financial advisers usually depend on the type of work you would like them to carry out for you, and whether this is a one-off or an ongoing relationship. Typically, this structure is broken down in two different ways, and sometimes a combination:

Annual or quarterly fees– this structure will be relevant if you work with an FA regularly and is typically a percentage of the value of the portfolio they manage. Fixed fees– if you have a short-term project completed by your adviser, their charges should be agreed beforehand. This could involve work such as making a new investment or setting up an annuity for you.