Is a financial adviser worth it for £100k?
£100,000 can justify advice, but it does not automatically justify a permanent percentage-based wealth-management service.
The decision matters more than the number
Advice may be useful if the £100,000 sits inside a complicated retirement, inheritance or investment decision. A straightforward investor who mainly needs information may need less help.
Check adviser minimums
Some firms set minimum asset levels or minimum annual fees. Ask whether £100,000 is a normal client size for the adviser rather than only asking whether they technically accept it.
Watch the cash cost
At £100,000, a 1% ongoing fee equals £1,000 a year. A fixed minimum fee could make the effective percentage higher, so ask for the actual annual pound amount.
One-off advice may be enough
If you need help with one decision but are comfortable managing the plan afterwards, compare one-off advice with ongoing service before committing to a recurring charge.