Guide · Adviser fees
How does a flat-fee financial adviser work?
A fixed fee can make the cash cost easier to understand, but the important comparison is still the scope of work included.
What is a fixed or flat fee?
A fixed fee is an agreed cash amount for defined advice or service rather than a charge calculated directly from the value of your investments.
When can fixed fees be useful?
They can make one-off planning or a clearly defined piece of advice easier to price. They can also avoid an annual cash fee rising automatically as portfolio value rises.
Compare like with like
A lower fixed fee is not necessarily better if it covers much less work. Ask whether implementation, reviews, investment oversight and future changes are included or charged separately.
Fixed does not always mean one-off
An adviser can charge a fixed recurring annual fee for ongoing service. Confirm whether the fee is one-off, recurring or both.
Sources & further reading