Watch out for hidden charges on your investment plans, you may not realise how much you’re paying
Investment companies should be far more open about costs and charges, according to a new report
If you’ve taken out a stocks and shares ISA or invested in a share-based fund, do you know how much you’re being charged in management fees and commissions? The chances are that you probably don’t. Financial advisers and investment companies have to provide information about how much of the money we invest will disappear in charges. The problem is that this information is not as transparent as it could be.
How much does it cost to see an independent financial adviser - and what would you be happy to pay?
A new survey shows that independent financial advisers charge £150 an hour on average.
New figures show that independent financial advisers charge £150 an hour for their time, on average. The average fee for someone who wants advice on what to invest a £50,000 lump sum on was £1,500, while someone who wanted an initial financial report or review could expect to pay £500. However, research from NFU Mutual shows that most people were only prepared to pay £25 an hour.
How much should you pay for independent financial advice?
How much should an independent financial adviser (IFA) charge for financial advice?
If you asked a financial adviser for advice about what to do with a pension, you'd expect to pay for their time. But how much should you pay? Hourly fees charged by independent financial advisers (IFAs) vary widely, and some charge a percentage fee rather than an hourly rate.