Categories Finance

Understanding the Cost of Hiring an Independent Financial Planner for Small Businesses

As a small business owner, you are always in search of new opportunities to grow and expand your business. One of the most important aspects of business growth is managing your finances effectively. This requires a high level of expertise, which is where an independent financial planner comes in handy.

While hiring a financial planner might seem like a luxury expense, it could be the best investment for your business in the long run. In this blog post, we will explore the cost of hiring an independent financial planner for small businesses and what factors you need to consider before making your decision.

1. What Are the Factors That Affect the Cost of Hiring a Financial Planner?

Several factors influence the cost of hiring an independent financial planner for your small business. The first is their level of expertise and experience in the field. Senior-level financial planners will typically charge higher fees than junior-level professionals. Another factor is the complexity of your business needs. If you have multiple streams of income or complex financial transactions, you may require more comprehensive financial planning services which could increase the cost of hiring an adviser. Finally, geography is a factor, the cost of living and salary levels in the local area are generally reflected in the fees charged by financial planners.

2. What Are Some Common Fee Structures for Independent Financial Planners?

There are many ways in which financial planners charge their clients for their services. Some of the most common fee structures include hourly rates, flat fees, and percentage-based fees. Hourly rates typically range from $150 to $400 per hour. Flat fees range from $1,000 to $5,000 per project or specific task. Percentage-based fees are calculated as a percentage of the total assets under management, often 1% to 2% of assets annually.

3. How Do You Find the Right Independent Financial Planner for Your Business?

When searching for an independent financial planner, the most important factor is the level of experience and expertise they bring to the table. Ask for references and check their credentials, certifications, and performance record. Don’t be afraid to ask financial planners about their fee structures as well, you should be comfortable with how they charge before signing any agreements. Be clear about your business needs and goals to find a planner who can provide solutions tailored to your specific financial situation. You should also remember that accessibility, responsiveness, and communication are very important factors when considering an independent financial planner.

4. What Is the ROI of Hiring an Independent Financial Planner for Small Businesses?

When making a significant investment, you have to assess the potential return on investment. In the case of hiring an independent financial planner for your small business, the ROI could be significant. By helping you make smart financial decisions, minimizing tax liabilities, advising you on investments, and providing holistic financial management, financial planners can save your business thousands of dollars in the long run, making it a worthwhile investment.


Hiring an independent financial planner, like the advisors at Integrated Financial Group, can be one of the best decisions you make to secure your business’s financial future. Before you make the investment, take your time to assess your business needs, the financial planner’s experience and expertise, and their fee structure.

Remember, the cost of a financial planner is backed up by the peace of mind, better decision making, and savings that will result from their guidance. With the right financial planner, small businesses can achieve their financial goals through careful financial management and investment planning.