How much does financial advice cost in the UK? Typically financial advisers charge based on a percentage of assets. There is the cost of on-going advice, funds, the platform on which funds are held and sometimes portfolio management fees.

Based on a survey of over 300 financial advice professionals, NextWealth research shows that the average overall cost of investing through a financial adviser in the UK is 168 basis points (or 1.68%). The average cost of advice is 67 basis points (or 0.67%).

There are significant differences by region – as the charge below shows, the cost of advice in London is highest, but the overall cost of investing is highest in Yorkshire and the Humber.

This data is based on our annual Financial Advice Business Benchmarks report, You can download a free copy of that report here. Financial advice professionals interested in contributing to future research studies, please join our research panel.