Invoice templates for independent financial advisers and wealth managers billing clients for regulated investment and planning advice.
A financial advisor invoice is issued by a regulated IFA or restricted financial adviser to clients for advice on investments, pensions, protection, mortgages, and estate planning. The distinction between 'financial adviser' and 'financial planner' is often one of branding rather than regulation, with both requiring FCA authorisation and Level 4 minimum qualifications. Financial advisers typically serve clients across a broad range of personal finance needs: workplace pension reviews, ISA and investment portfolio management, income protection and life insurance, first-time buyer mortgage advice, and later-life planning. Some specialise in specific client segments such as high-net-worth individuals, business owners, or medical professionals. Since RDR abolished commission in 2012, all UK financial adviser fees must be explicitly agreed with clients and clearly disclosed. Invoices are the formal record of what was charged and must align precisely with the client agreement. Ongoing service charges are typically collected by direct debit or product deduction and invoiced monthly or annually.
| Service | Typical Rate | Unit |
|---|---|---|
| Investment advice (initial) | 1800 | engagement |
| Annual ongoing advice service | 900 | year |
| Pension review and consolidation advice | 2200 | engagement |
| Protection review and recommendation | 500 | engagement |
| Mortgage advice | 500 | case |
| Estate planning review | 1800 | plan |
Issue initial advice invoices on delivery of the Statement of Suitability. For ongoing services, invoice annually in advance or monthly by direct debit. All fees must have been disclosed to the client before any work commences. For adviser charges facilitated through product providers (where the platform or pension provider deducts your fee from the client's funds), the invoice documents the deduction and should be provided to the client for their records even though no cash changes hands at invoice time. Mortgage advisers should note that some mortgage advice fees are charged on completion of the mortgage. Invoice on the day completion takes place and set payment terms to match the client's funds availability. All invoices should reference the period of service and the client agreement date. This audit trail is important for FCA compliance purposes and for annual suitability assessments.