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Financial Advisor Invoice Template

Create professional financial advisor invoices for financial planning, investment advisory, and wealth management services. Our template includes fee documentation, service tracking, and compliance-friendly formatting. Perfect for CFPs, RIAs, and fee-only advisors. Download instantly in PDF, Word, or Excel format.

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Industry Standard

From

Branding & Authorization

Services

$2,500.00
$500.00
$750.00
$600.00
$250.00

Invoice Details

Tax, Discount & Shipping

Payment Methods

Bill to

Subtotal$4,600.00
Total (USD)$4,600.00

What to Include on a Financial Advisor Invoice

Professional financial advisor invoices should document:

Advisor Information
  • Firm name
  • Advisor name
  • Credentials (CFP, CFA, ChFC, etc.)
  • CRD/IARD number
  • SEC or state registration
  • Contact information
Client Information
  • Client name(s)
  • Account numbers
  • Client since date
  • Household ID
Services Provided
  • Service description
  • Period covered
  • Deliverables included
  • Meeting dates
  • Hours (if hourly billing)
Fee Disclosure
  • Fee calculation method
  • AUM basis (if applicable)
  • Flat fees itemized
  • Hourly rates used
  • Total fee amount
Compliance Elements
  • Fee schedule reference
  • ADV disclosure reference
  • Custody arrangements
  • Billing authorization

Financial Advisory Fee Benchmarks

Standard fees for financial services:

Assets Under Management (AUM)
  • First $1M: 1.0-1.25%
  • $1M-$5M: 0.75-1.0%
  • $5M+: 0.50-0.75%
  • $10M+: 0.25-0.50%
  • Minimum annual fee: $3,000-10,000
Flat Fee Planning
  • Basic plan: $1,000-2,500
  • Comprehensive plan: $2,500-5,000
  • Complex situations: $5,000-10,000
  • Ultra-high net worth: $10,000-25,000+
Hourly Rates
  • Associate advisor: $150-250/hour
  • Senior advisor: $250-400/hour
  • Specialist/expert: $400-600/hour
Retainer Models
  • Monthly retainer: $200-500/month
  • Quarterly retainer: $500-1,500
  • Annual retainer: $2,000-6,000
Project-Based Fees
  • Retirement analysis: $500-1,500
  • Investment review: $300-750
  • Tax planning: $500-2,000
  • Estate planning coordination: $1,000-3,000
  • Insurance analysis: $300-750
  • College planning: $300-750

Financial Advisor Billing Best Practices

Manage advisory billing professionally:

Fee Transparency
  • Clear fee schedule in ADV
  • Written fee agreements
  • Explain billing method
  • Disclose conflicts of interest
  • Document fee changes
AUM Billing
  • Quarterly billing standard
  • Advance or arrears billing
  • Account value calculation date
  • Pro-rata for new accounts
  • Fee deduction authorization
Documentation
  • Detailed invoices
  • Service summaries
  • Meeting notes
  • Time tracking (if hourly)
  • Deliverable checklists
Compliance Requirements
  • ADV Part 2 disclosure
  • Fee schedule accuracy
  • Client consent for deductions
  • Recordkeeping (6+ years)
  • Annual review documentation
Client Communication
  • Fee increase notifications
  • Billing method explanations
  • Value delivered summary
  • Quarterly performance context
  • Annual review of services

Financial Advisory Service Models

Different fee structures for different clients:

AUM Model
  • Percentage of managed assets
  • Automatic fee scaling
  • Quarterly deductions
  • Aligned with asset growth
  • Best for investment-focused
Fee-Only Planning
  • Flat fee or hourly
  • No commissions
  • Project-based work
  • Implementation support
  • Best for DIY investors
Retainer Model
  • Ongoing relationship
  • Predictable fees
  • Comprehensive advice
  • Regular meetings
  • Best for complex situations
Hybrid Model
  • Lower AUM fee
  • Plus planning fee
  • Comprehensive service
  • Clear value proposition
  • Growing in popularity
Commission-Based
  • No direct client fee
  • Product sales compensation
  • Disclosure required
  • Conflict considerations
  • Traditional model

Frequently Asked Questions