---
title: The real cost of financial advice (and how firms can serve more clients for less)
description: Traditional advice costs £2,000+ per case. Multiply cuts costs by up to 90% with AI, making advice accessible and scalable for all. Learn more.
image: https://blog.multiply.ai/hubfs/Low-Cost%20Advice.png
---

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# The real cost of financial advice (and how firms can serve more clients for less)

![Lee Brooks](https://blog.multiply.ai/hs-fs/hubfs/Lee-Brooks.jpg?width=45&name=Lee-Brooks.jpg) 

[Lee Brooks](https://blog.multiply.ai/author/lee-brooks)

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## Financial advice is too expensive. Here’s how to fix it

For years, financial advice has been out of reach for many people. Not because they don’t need it, but because they can’t afford it. The average cost of advice is **around £2,000 per case** ([Unbiased](https://www.unbiased.co.uk/discover/personal-finance/savings-investing/cost-of-advice), 2023). That price point makes it difficult for firms to profitably serve clients who don’t have significant wealth, leaving many people without access to the financial guidance they need.

But what if that could change?

## Why traditional advice costs so much

The financial advice model has long relied on **manual processes** and **adviser time** to deliver recommendations, handle compliance, and manage client onboarding. While this approach ensures tailored service, it also makes advice expensive and limits how many clients a firm can serve.

For many advisers, this creates a dilemma:

- High costs mean they must focus on **high-net-worth clients** to remain profitable
- Middle-income individuals, who **need** advice, are priced out
- The growing **advice gap** continues to widen

With rising regulatory expectations and increasing operational costs, firms need a new way to **scale advice** without inflating costs.

## A low-cost advice proposition

[Multiply](https://www.multiply.ai/) enables advice firms to **reduce costs by up to 90%** through automation and hybrid models. Instead of relying solely on adviser time, Multiply’s platform streamlines the advice process, making it possible to **profitably serve all client segments**.

Here’s how:

✅ **Fully automated advice** – Simple cases can be handled end-to-end with AI-powered workflows, reducing manual intervention

✅ **Hybrid model for complex cases** – When human expertise is needed, Multiply seamlessly integrates adviser oversight

✅ **80% less admin** – Automated onboarding, risk profiling, and compliance mean less paperwork and more time with clients

✅ **3x more clients, same team** – Scale without increasing headcount

✅ **Consumer Duty support** – Ensuring firms can deliver fair, accessible, and compliant advice

## Scaling advice, not just cutting costs

The goal isn’t just cost reduction; it’s about **expanding access to financial advice** while keeping firms competitive and compliant. By removing inefficiencies, firms can:

- **Serve previously underserved markets** profitably
- **Meet Consumer Duty requirements** by offering fair and accessible advice
- **Grow their client base** without additional resource strain

Multiply doesn’t replace advisers; it empowers them. By automating routine tasks, firms can serve more clients while ensuring advisers focus on what they do best: building relationships and delivering expert advice.

## The shift is already happening; are you ready?

Multiply is already helping firms reduce costs, scale advice, and reach more clients.

🚀 Want to see how it works? **Let’s talk.**

 

### Leave a Comment

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### [Multiply: Helping financial advisers do more, faster](https://blog.multiply.ai/helping-financial-advisers)

At Multiply, we believe financial advisers should spend more time with clients, not buried under admin tasks. That’s why we’ve built tools to help firms like yours...

![Lee Brooks](https://blog.multiply.ai/hs-fs/hubfs/Lee-Brooks.jpg?width=45&name=Lee-Brooks.jpg) 

[Lee Brooks](https://blog.multiply.ai/author/lee-brooks) 

[Read More](https://blog.multiply.ai/helping-financial-advisers)

[![](https://blog.multiply.ai/hubfs/Video-Call.png)](https://blog.multiply.ai/how-multiply-enhances-the-customer-experience-with-hybrid-financial-advice)

[financial advice](https://blog.multiply.ai/tag/financial-advice) [digital advice](https://blog.multiply.ai/tag/digital-advice) [tech](https://blog.multiply.ai/tag/tech)

### [How Multiply enhances the customer experience with hybrid financial advice](https://blog.multiply.ai/how-multiply-enhances-the-customer-experience-with-hybrid-financial-advice)

In today's financial advisory sector, the primary focus is improving the customer experience. An innovative solution rapidly gaining traction is the use of hybrid...

![Lee Brooks](https://blog.multiply.ai/hs-fs/hubfs/Lee-Brooks.jpg?width=45&name=Lee-Brooks.jpg) 

[Lee Brooks](https://blog.multiply.ai/author/lee-brooks) 

[Read More](https://blog.multiply.ai/how-multiply-enhances-the-customer-experience-with-hybrid-financial-advice)

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