Is a 1.5% financial adviser fee too high?
For ongoing pension or investment advice, 1.5% is above MoneyHelper's current broad typical range. That makes the service and charging structure worth examining carefully.
What does 1.5% cost?
How does 1.5% compare?
MoneyHelper currently gives 0.5% to 1% as a broad typical range for ongoing pension and investment advice. A 1.5% ongoing adviser fee sits above that range, although the exact service and client circumstances still matter.
What should you check?
Confirm whether 1.5% is really an ongoing adviser fee, whether it includes other services or costs, whether the percentage is tiered, and whether a lower rate applies to higher asset bands.
Compare alternatives
Get other quotes for a comparable service. The relevant comparison is not simply the lowest number, but the annual cash cost for a similar level of planning and responsibility.