Wojciech

Diploma for Financial Advisers
Diploma in Accounting
Member of London Institute of Banking and Finance

One-off financial advice is when you pay a financial advisor for help with a specific issue, such as planning for retirement, investing, or managing your savings. This is different from ongoing advice, where you pay regularly for continuous support.

The cost of one-off advice can vary, depending on the advisor and the complexity of your needs. On average, it might cost between £500 and £2,000 for a single consultation or piece of advice. Some advisors charge a fixed fee, while others charge based on the time spent (for example, an hourly rate of £150 to £300).

While one-off advice can be helpful, it may not always be necessary. If you’re just looking for some general tips or basic help with your money, financial guidance could be a better option. Financial guidance services are often free or low-cost and can provide helpful information without the cost of a formal advisor. Guidance is especially useful for people who just need some direction but don’t require detailed, tailored advice.

So, before paying for one-off advice, consider if financial guidance might suit your situation better. Services like MoneyHelper in the UK offer free guidance on pensions, budgeting, and managing debt, which can be a good first step before seeking paid advice.