NextWealth Financial Advice Business Benchmarks Report 2025 - Report - Page 24
NextWealth Financial Advice Business Benchmarks Report / October 2025
Looking ahead, 16% of 昀椀rms expect to change their fee structure in the next 12 months.
When asked about the changes they will make, the following were representative comments:
“More 昀椀xed fees for ini琀椀al advice.”
“Reviewing all charges and ra琀椀onalising legacy charging
structures into more simpli昀椀ed service levels.”
“Possibly allow 昀椀xed planning fee to be paid from funds, if they
proceed. If not, invoice directly”
“Slight increases across the board.”
“Increase minimum ini琀椀al fee to £2,750.”
Go deeper: People & capacity
Three in-depth reports to turn benchmarks into action
1.
Data Openness 2025: 70% of 昀椀nancial advisers view data as a strategic asset. Yet data can be
costly and dif昀椀cult to extract from back-of昀椀ce systems, and only 53% of advisers say they get
the data they need from providers. Open >
2.
Organic Growth Guide: With just 1 in 10 昀椀rms setting explicit growth goals, team-wide
targets create focus and buy-in, all while preserving a strong culture and high service. Plus:
Investing in data to build a high-value 昀椀rm with 20-30% year-on-year growth. Open >
3.
Fee Benchmarking: Price with con昀椀dence under Consumer Duty; diagnose fair value against
client expectations. Open>
Component 4:
Markets & regulation
(traction control)
/
Levels of con昀椀dence are lowest in this area. Market instability
is constraining con昀椀dence; with only 9% of respondents
expressing full con昀椀dence. However, compared with 2024,
con昀椀dence in the regulator has picked up slightly.
Acquisition appetite
Three years on, Consumer Duty remains the single biggest
driver of change. 45% say it’s the regulation reshaping their
昀椀rms the most.
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