How much should financial guidance cost?

In VouchedFor’s latest guide, distributed by The Times on 24th March 2019, average total charges are quoted relating to initial and ongoing percentage fees and fixed fee structures. These produce an average cost of £6,079 for an investment of £100,000 over 5 years. For the same work, Depledge Strategic Wealth Management would charge £4,250 on average.

Advice on a pension pot of £250,000 would typically cost £13,925 over 5 years, including initial and ongoing fees. A similar service from Depledge would cost £7,750. This is based on an initial charge of £1,500  (representing an initial fee charge of 0.6%)  plus and annual ongoing charge of 0.5% (£1,250 pa). The average initial fee submitted to the VouchedFor site is 1.74%

Firms that charge less than this are well reviewed, too. Depledge Strategic Wealth Management is awarded 4.9 out of 5, for example.

For Independent Financial Advice from a Chartered Financial Planning firm, look no further than Depledge to provide expert advice and attentive service for a competitive fee.

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