Sheriar Bradbury: Undercharging is detrimental to advice

Low fees change consumer perception of the value of advice

Carmen Reichman
clock •

Advisers who undercharge make it worse for others to do business as they skew consumer perceptions of the value of advice, according to Bradbury Hamilton managing director Sheriar Bradbury.

Bradbury could not put a price on how much advice should cost but said undercharging means charging a fee that doesn't cover the cost of the work and time involved. Bradbury Hamilton charges between £250 per hour and £395, depending on the complexity of the case. Some cases get levied a risk premium on top. Alternatively he charges between 1% and 5% upfront depending on the value of the assets, and between 0.5% and 1% for an ongoing service. Advisers who undercharge create a sense that the work involved in giving advice is cheap, leading consumers to believe they are being ripped o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

IFA enters liquidation after investment advice complaints

IFA enters liquidation after investment advice complaints

Chandler King gave ‘unsuitable investment advice’

Sophia Panayi
clock 26 October 2026 • 2 min read
Plum approved for targeted support as it eyes advice market

Plum approved for targeted support as it eyes advice market

Targeted support proposition to be delivered through AI

Sophia Panayi
clock 26 October 2026 • 2 min read
Finli swoops for five advice firms in Q3

Finli swoops for five advice firms in Q3

Has now completed 18 acquisitions in 2026

Isabel Baxter
clock 26 October 2026 • 1 min read