The Wealthtender Guide to

Hourly Financial Advisors

Is an Hourly Fee Financial Advisor Right for You?

A growing number of financial advisors work on an hourly basis, with prices ranging from $150 to $400+ per hour. These prices do not change based on your total assets managed, so you’re only paying for the time you need with the advisor.

If you’re thinking about hiring an hourly fee financial advisor, it’s important to understand what services you’ll receive with an estimate upfront of the number of hours you can expect to be billed based on your individual circumstances.

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For example, if an advisor charges a $2,500 retainer fee at $250 an hour, you’ll have 10 hours of planning services available to use throughout the year. Each additional hour would then be billed at the normal hourly rate.

Some hourly financial advisors will give you full-service management of your investing portfolio (there may be additional fees for this), while others will only bill for 1:1 time and leave the money management and investing up to you (based on their guidance).

Should I Hire a Financial Advisor Who Charges an Hourly Rate?

If you primarily want access to a financial advisor to answer questions, offer reassurance and suggestions to your own ideas, and help you build a financial plan, paying for an hourly-based financial advisor may be a good fit.

Learn Different Ways You Can Pay for a Financial Advisor

Ryan Firth

Mercer Street Company

Q: When does it make sense for me to consider hiring a financial advisor who charges an hourly rate?

Ryan: Hourly (or time-based) advice is highly flexible. It tends to make sense for someone who can self-implement recommendations, someone who is hands-on when it comes to their personal finances. For example, if you’re looking for a second opinion on your investment portfolio, or just need one-off financial advice, then a time-based fee for service (i.e., “hourly”) might be just what you’re looking for. If you tend to delegate tasks, or want someone to manage your investments for you, then hourly advice might not be a good fit for you. One of the cool things about hourly planning is that there really aren’t any restrictions on the type of clients that an advisor can work with.

View Ryan’s Profile on Wealthtender

How To Find The Best Hourly Financial Advisor For You

Simply scroll down to get to know financial advisors featured on Wealthtender who offer services for an hourly rate. Click to view their full profile to learn more about each financial advisor and if they are a good fir for your individual needs.

Are You an Hourly Fee Financial Advisor?

👋 Hi there! We’re excited to help more people understand the benefits of working with financial advisors who charge an hourly rate. And we want to help connect people to the best financial advisors for their individual needs. If you offer services for an hourly rate, we encourage you to join our growing community of financial advisors featured on Wealthtender so we can add you to this guide soon. Click here to learn more and get started.

About the Author
Brian Thorp, Founder and CEO of Wealthtender profile picture

About the Author

Brian Thorp

Brian is CEO and founder of Wealthtender. He and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.

With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.

Connect with Brian on LinkedIn

Disclaimer: In order to make Wealthtender free for our readers, we earn money from advertisers including financial professionals and firms that pay to be featured on our platform. This creates a natural conflict of interest when we favor promotion of our clients over other professionals and firms not featured on Wealthtender. Learn how we operate with integrity to earn your trust.

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