Is a financial adviser worth it for £50k?
£50,000 can still sit inside an important financial decision, but a full ongoing percentage-based service may not always be economical.
Start with the decision, not the balance
Advice may be useful if the money is tied to retirement, inheritance, protection or another decision with wider consequences. A straightforward investment question may need less help.
Minimum fees can dominate the cost
At £50,000, a firm's minimum annual fee can make the effective percentage cost much higher than its headline ongoing rate. Ask for the actual pound figure.
Compare different levels of help
Free guidance, self-directed investing, one-off advice and ongoing advice are different options. The right one depends on whether you need information, a personalised recommendation or a continuing relationship.
Ask whether £50k is a normal client size
Some advisers specialise in larger portfolios. Others offer one-off or broader planning services at lower asset levels. Client fit matters as much as whether a firm technically accepts you.