{ "name": "Mandatzo Adviser Fee Index", "title": "Adviser Fee Index", "url": "https://mandatzo.com/datasets/adviser-fee-index/", "csv": "https://mandatzo.com/datasets/adviser-fee-index.csv", "markdown": "https://mandatzo.com/datasets/adviser-fee-index/index.md", "computed_at": "2026-10-19", "license": "https://mandatzo.com/terms", "headline": "The median published figure in the Adviser Fee Index is 1,625 GBP across 2 sources' own pages in GBP (range 750 to 2,500 GBP; 4 sources publish a figure), read 11 October 2026.", "quotes": [ "The median published figure in the Adviser Fee Index is 1,625 GBP across 2 sources' own pages in GBP (range 750 to 2,500 GBP; 4 sources publish a figure), read 11 October 2026.", "4 of the 43 named sources read in full publish a figure; 39 publish none, read 11 October 2026.", "Adviser Fee Index, fee type flat percentage success fee: median 5 percent across 1 source, read 11 October 2026.", "Adviser Fee Index, fee type double Lehman first million: median 10 percent across 1 source, read 11 October 2026.", "The median is unchanged since 26 September 2026 (was 1,625 GBP across 2)." ], "citation": "\"Mandatzo Adviser Fee Index\", updated 2026-10-19, https://mandatzo.com/datasets/adviser-fee-index/.", "changed_since": { "since": "2026-09-26", "previous_median": 1625, "delta": 0, "direction": "unchanged", "sentence": "The median is unchanged since 26 September 2026 (was 1,625 GBP across 2)." }, "national": { "unit": "GBP", "n": 2, "median": 1625, "min": 750, "max": 2500, "p25": null, "p75": null, "mean": 1625, "units": { "%": 2, "GBP": 2 }, "published_sources": 4, "named_sources": 44, "read_sources": 43, "not_published": 39, "published_share": 0.093 }, "by_axis": { "fee type": { "flat percentage success fee": { "%": { "n": 1, "median": 5, "min": 5, "max": 5, "p25": 5, "p75": 5, "mean": 5 } }, "double Lehman first million": { "%": { "n": 1, "median": 10, "min": 10, "max": 10, "p25": 10, "p75": 10, "mean": 10 } } } }, "rows": [ { "source": "Uscita fees for selling a business", "url": "https://www.uscita.co.uk/fees-for-selling-a-business-the-complete-list/", "figure": "£750 ", "value": 750, "unit": "GBP", "vat": null, "axis": {}, "retrieved_at": "2026-10-11", "quote": "Our instruction fees range from £750 – £5,000 depending on deal complexity and size of the business.", "source_class": "primary-provider-own-site", "text_sha256": "a8d41e7f3f6a8912bbe75b5650a601ecce316f99d21d2338bd35e3cc7b09539b" }, { "source": "Hornblower fees", "url": "https://www.hornblower-businesses.co.uk/selling-a-business/fees/", "figure": "£2,500 ", "value": 2500, "unit": "GBP", "vat": null, "axis": {}, "retrieved_at": "2026-10-11", "quote": "At Hornblower, our fees are £2,500 on engagement, £2,500 on signing of Heads of Terms and 5% on completion of the sale.", "source_class": "primary-provider-own-site", "text_sha256": "97c275d60a0ea69ecf48ab83578cefbf6995c01611a86bab4e492cfa3ce9830c" }, { "source": "Eton Venture Services M&A advisory fees", "url": "https://etonvs.com/ma/m-and-a-advisory-fees/", "figure": "5%", "value": 5, "unit": "%", "vat": null, "axis": { "fee type": "flat percentage success fee" }, "retrieved_at": "2026-10-11", "quote": "5% – 10% of the deal value", "source_class": "primary-provider-own-site", "text_sha256": "26ffa08f67b176e6d7c3916621804204956fa4e87b441118618ce3e044d454c4" }, { "source": "MidStreet double Lehman scale", "url": "https://www.midstreet.com/blog/double-lehman-scale-business-broker-commission", "figure": "10%", "value": 10, "unit": "%", "vat": null, "axis": { "fee type": "double Lehman first million" }, "retrieved_at": "2026-10-11", "quote": "$5.7 million sales price 1st million - $100,000 (10%)", "source_class": "primary-provider-own-site", "text_sha256": "01bd0d73d9197f9731ededaa8acf96c8267eb27be3dc9fad6d70ef76a1101c63" } ], "not_published": [ { "source": "CT Acquisitions business broker fees", "url": "https://ctacquisitions.com/business-broker-fees-2026-breakdown/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "iMerge Advisors M&A advisor fees", "url": "https://imergeadvisors.com/ma-advisor-fees/", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "Auxo Capital Advisors fee guide", "url": "https://auxocapitaladvisors.com/m-a-advisor-fees-incentives-deal-outcomes/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Praxis Rock sell-side advisory fees", "url": "https://praxisrock.com/insights/sell-side-advisory-fees", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Founders Advisors M&A advisory fees", "url": "https://foundersib.com/2024/11/04/understanding-ma-advisory-fees/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Palmstone Capital adviser fees", "url": "https://www.palmstone-capital.com/sell-my-company/resources/ma-advisor-fees", "retrieved_at": "2026-09-11", "reason": "read in full and no accepted figure on the page" }, { "source": "MidStreet business broker fees", "url": "https://www.midstreet.com/blog/business-broker-fees-when-selling-a-business", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "MergersCorp Lehman formula calculator", "url": "https://mergerscorp.com/lehman-formula-calculator/", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "Website Closers broker fees", "url": "https://www.websiteclosers.com/resources/business-broker-pricing-and-fees-when-selling-a-business/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Exit Promise Lehman scale", "url": "https://exitpromise.com/lehman-scale/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Synergy Business Brokers fees", "url": "https://synergybb.com/blog/what-fees-are-paid-for-selling-a-business/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Archstone Business Brokers fees", "url": "https://www.archstonebrokers.com/business-broker-fees", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "East Coast Advisory broker commissions", "url": "https://www.eastcoastadvisoryteam.com/post/business-broker-commission-fees", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "1719 Partners broker charges", "url": "https://1719partners.com/how-much-do-brokers-charge-to-sell-a-business/", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "Millsaps broker charges", "url": "https://sellwithmillsaps.com/how-much-does-a-business-broker-charge/", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "UK Business Brokers fees", "url": "https://ukbusinessbrokers.com/broker-fees-how-much-do-business-brokers-charge/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Selling My Business fee agreement", "url": "https://www.sellingmybusiness.co.uk/articles/selling/selling-a-business-understanding-a-business-broker-fee-agreement", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "NewOwner vs UK brokers", "url": "https://newowner.co.uk/blog/newowner-vs-business-brokers-uk-sell-business", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "ClearlyAcquired broker fees", "url": "https://www.clearlyacquired.com/blog/how-much-do-business-broker-fees-actually-cost-in-2026", "retrieved_at": "2026-10-11", "reason": "read in full and no accepted figure on the page" }, { "source": "Rejigg broker commission rates", "url": "https://www.rejigg.com/articles/business-broker-commission-rates", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Rejigg success-fee calculator", "url": "https://www.rejigg.com/success-fee", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Dealflow success-fee calculator", "url": "https://dealflow.com/success-fee", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Aventis Advisors M&A fees", "url": "https://aventis-advisors.com/ma-advisor-fees/", "retrieved_at": "2026-10-11", "reason": "read in full and no accepted figure on the page" }, { "source": "InvestmentBank.com fees", "url": "https://investmentbank.com/fees", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Class VI Partners on M&A fees", "url": "https://www.classvipartners.com/the-mysteries-of-ma-fees/", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "M&A Community fees by deal size", "url": "https://mnacommunity.com/insights/ma-fees-by-deal-size/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "L40 adviser vs investment bank", "url": "https://www.l40.com/insights/ma-advisor-vs-investment-bank", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Bedrock quality-of-earnings cost", "url": "https://www.bedrockqoe.com/insights/quality-of-earnings-report-cost", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "BD Emerson quality-of-earnings cost", "url": "https://www.bdemerson.com/article/quality-of-earnings-report-cost", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Eton quality-of-earnings cost", "url": "https://etonvs.com/transaction-valuation-advisory/quality-of-earnings-report-cost/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Midwest CPA QoE cost drivers", "url": "https://midwest.cpa/resources/what-factors-influence-the-cost-of-a-quality-of-earnings-report/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Empire Flippers commission schedule", "url": "https://empireflippers.com/sell/", "retrieved_at": "2026-10-11", "reason": "read in full and no accepted figure on the page" }, { "source": "Flippa pricing", "url": "https://flippa.com/pricing", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Acquire.com pricing", "url": "https://acquire.com/pricing/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Raincatcher business broker fees", "url": "https://www.raincatcher.com/business-broker-fees", "retrieved_at": "2026-09-11", "reason": "every candidate on the page was refused" }, { "source": "Small Business Expo broker charges", "url": "https://www.thesmallbusinessexpo.com/blog/how-much-do-brokers-charge-to-sell-a-business/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "KBS Corporate sell a business", "url": "https://www.kbscorporate.com/sell-a-business/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "Axial forum on broker charges", "url": "https://www.axial.net/forum/how-much-do-brokers-charge-to-sell-a-business/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" }, { "source": "First Page Sage fee-structure report", "url": "https://firstpagesage.com/business/ma-advisory-fee-structure/", "retrieved_at": "2026-10-11", "reason": "every candidate on the page was refused" } ], "sources": [ { "url": "https://etonvs.com/ma/m-and-a-advisory-fees/", "label": "Eton Venture Services M&A advisory fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://ctacquisitions.com/business-broker-fees-2026-breakdown/", "label": "CT Acquisitions business broker fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://imergeadvisors.com/ma-advisor-fees/", "label": "iMerge Advisors M&A advisor fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://auxocapitaladvisors.com/m-a-advisor-fees-incentives-deal-outcomes/", "label": "Auxo Capital Advisors fee guide", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://praxisrock.com/insights/sell-side-advisory-fees", "label": "Praxis Rock sell-side advisory fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://foundersib.com/2024/11/04/understanding-ma-advisory-fees/", "label": "Founders Advisors M&A advisory fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.palmstone-capital.com/sell-my-company/resources/ma-advisor-fees", "label": "Palmstone Capital adviser fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.midstreet.com/blog/double-lehman-scale-business-broker-commission", "label": "MidStreet double Lehman scale", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.midstreet.com/blog/business-broker-fees-when-selling-a-business", "label": "MidStreet business broker fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://mergerscorp.com/lehman-formula-calculator/", "label": "MergersCorp Lehman formula calculator", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.websiteclosers.com/resources/business-broker-pricing-and-fees-when-selling-a-business/", "label": "Website Closers broker fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://exitpromise.com/lehman-scale/", "label": "Exit Promise Lehman scale", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://synergybb.com/blog/what-fees-are-paid-for-selling-a-business/", "label": "Synergy Business Brokers fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.archstonebrokers.com/business-broker-fees", "label": "Archstone Business Brokers fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.eastcoastadvisoryteam.com/post/business-broker-commission-fees", "label": "East Coast Advisory broker commissions", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://1719partners.com/how-much-do-brokers-charge-to-sell-a-business/", "label": "1719 Partners broker charges", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://sellwithmillsaps.com/how-much-does-a-business-broker-charge/", "label": "Millsaps broker charges", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://ukbusinessbrokers.com/broker-fees-how-much-do-business-brokers-charge/", "label": "UK Business Brokers fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.uscita.co.uk/fees-for-selling-a-business-the-complete-list/", "label": "Uscita fees for selling a business", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.sellingmybusiness.co.uk/articles/selling/selling-a-business-understanding-a-business-broker-fee-agreement", "label": "Selling My Business fee agreement", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://newowner.co.uk/blog/newowner-vs-business-brokers-uk-sell-business", "label": "NewOwner vs UK brokers", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.clearlyacquired.com/blog/how-much-do-business-broker-fees-actually-cost-in-2026", "label": "ClearlyAcquired broker fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.rejigg.com/articles/business-broker-commission-rates", "label": "Rejigg broker commission rates", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.rejigg.com/success-fee", "label": "Rejigg success-fee calculator", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://dealflow.com/success-fee", "label": "Dealflow success-fee calculator", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://aventis-advisors.com/ma-advisor-fees/", "label": "Aventis Advisors M&A fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://investmentbank.com/fees", "label": "InvestmentBank.com fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.classvipartners.com/the-mysteries-of-ma-fees/", "label": "Class VI Partners on M&A fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://mnacommunity.com/insights/ma-fees-by-deal-size/", "label": "M&A Community fees by deal size", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.l40.com/insights/ma-advisor-vs-investment-bank", "label": "L40 adviser vs investment bank", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.bedrockqoe.com/insights/quality-of-earnings-report-cost", "label": "Bedrock quality-of-earnings cost", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.bdemerson.com/article/quality-of-earnings-report-cost", "label": "BD Emerson quality-of-earnings cost", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://etonvs.com/transaction-valuation-advisory/quality-of-earnings-report-cost/", "label": "Eton quality-of-earnings cost", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://midwest.cpa/resources/what-factors-influence-the-cost-of-a-quality-of-earnings-report/", "label": "Midwest CPA QoE cost drivers", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://empireflippers.com/sell/", "label": "Empire Flippers commission schedule", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://flippa.com/pricing", "label": "Flippa pricing", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://acquire.com/pricing/", "label": "Acquire.com pricing", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.raincatcher.com/business-broker-fees", "label": "Raincatcher business broker fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.thesmallbusinessexpo.com/blog/how-much-do-brokers-charge-to-sell-a-business/", "label": "Small Business Expo broker charges", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.kbscorporate.com/sell-a-business/", "label": "KBS Corporate sell a business", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.hornblower-businesses.co.uk/selling-a-business/fees/", "label": "Hornblower fees", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.axial.net/forum/how-much-do-brokers-charge-to-sell-a-business/", "label": "Axial forum on broker charges", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://firstpagesage.com/business/ma-advisory-fee-structure/", "label": "First Page Sage fee-structure report", "license": "the publisher's own terms; quoted for reporting and comment" }, { "url": "https://www.google.com/search?q=m%26a+advisor+fees+retainer+success+fee", "label": "the fee publishers", "license": "the publisher's own terms; quoted for reporting and comment" } ], "methodology": "Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2). 4 of the 43 named sources that could be read published a usable figure; 39 published none and are recorded as not published, never filled in; 1 could not be read (blocked, dead or unreachable) and count nowhere. The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source in GBP (a source's median where its page yielded several accepted sentences), so N counts sources, never sentences; 357 candidate sentence(s) were refused by a reviewer with the reason recorded. The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): the median, minimum and maximum PUBLISHED retainer, success-fee percentage and minimum fee per deal-size band across every adviser and broker that states one, with the share that publishes at all against the share that is quote-only; the Lehman and double-Lehman ladders as each publisher states them, so the spread between them is a measured figure rather than folklore; changed-since the previous read", "embed": "

1,625 GBP

median published figure, Adviser Fee Index, across 4 sources, read 11 October 2026

Source: Mandatzo Adviser Fee Index
" }