Guide · Asset level
Is a financial adviser worth it for £250k?
At £250,000, advice fees are large enough to compare carefully, while the financial consequences of poor decisions can also be meaningful.
When might advice add value?
Advice can be useful when retirement, tax wrappers, several accounts or a major lump sum need to be planned together. The case is weaker if the situation is simple and you are confident making decisions yourself.
What do common percentages mean?
0.5%£1,250 a year.
0.75%£1,875 a year.
1%£2,500 a year.
Initial adviceMay be charged separately and can use a different structure.
Is £250k a normal client size?
Ask whether the adviser regularly serves clients around this level. A service designed primarily for multimillion-pound clients may not be the best economic fit.
Do you need ongoing advice?
Compare the recurring work with the recurring fee. A one-off recommendation and an ongoing planning relationship are different purchases.
Sources & further reading