Three out of five fee-charging IFAs bill clients between £150 and £200 an hour for advice, research by threesixty suggests.
threesixty surveyed 151 advisers across 133 of its client firms between November and December 2011 and found only 18% of respondents charge less than £150 per hour. A quarter said they offer a fee option charge of £150, with 11% charging £175 and 13% £200 per hour. Another 14% offered rates at other levels between £150 and £200. About 7% of those asked charge £250 an hour, 3% charge £300 and 1% as much as £350. Another 5% charged fixed amounts between £210 and £295, with 3% offering a variety of ranges between £120 and £250. Elsewhere, the research suggests a high degree of opti...
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