M&a advisor fees: Adviser Fee Index
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.
Mandatzo sells its own paid plan in this category (our pricing). It is not counted here: every figure in this index is another provider's own published price, read from its own page.
4 of the 43 named sources read in full publish a figure; 39 publish none, read 11 October 2026.
The median is unchanged since 26 September 2026 (was 1,625 GBP across 2).
By fee type
| Breakdown | Median | Range | Sources |
|---|---|---|---|
| fee typeflat percentage success fee | 5% | 5 to 5% | 1 |
| fee typedouble Lehman first million | 10% | 10 to 10% | 1 |
Every figure, with its source
One row per source: the figure the source's own page publishes, the page, and the day it was read. A figure that is not on a page we read is not on this one.
| Source | Figure | Breakdown | Read |
|---|---|---|---|
| Hornblower fees | 2,500GBP | 2026-10-11 | |
| Uscita fees for selling a business | 750GBP | 2026-10-11 | |
| MidStreet double Lehman scale | 10% | double Lehman first million | 2026-10-11 |
| Eton Venture Services M&A advisory fees | 5% | flat percentage success fee | 2026-10-11 |
The sentence each figure was read from (4)
- Hornblower fees, read 2026-10-11:
At Hornblower, our fees are £2,500 on engagement, £2,500 on signing of Heads of Terms and 5% on completion of the sale.
- Uscita fees for selling a business, read 2026-10-11:
Our instruction fees range from £750 – £5,000 depending on deal complexity and size of the business.
- MidStreet double Lehman scale, read 2026-10-11:
$5.7 million sales price 1st million - $100,000 (10%)
- Eton Venture Services M&A advisory fees, read 2026-10-11:
5% – 10% of the deal value
Read in full, publishes no figure
39 named sources were read in full on the dates shown and print no usable figure. They are counted, never filled in.
- CT Acquisitions business broker fees, read 2026-10-11: every candidate on the page was refused
- iMerge Advisors M&A advisor fees, read 2026-09-11: every candidate on the page was refused
- Auxo Capital Advisors fee guide, read 2026-10-11: every candidate on the page was refused
- Praxis Rock sell-side advisory fees, read 2026-10-11: every candidate on the page was refused
- Founders Advisors M&A advisory fees, read 2026-10-11: every candidate on the page was refused
- Palmstone Capital adviser fees, read 2026-09-11: read in full and no accepted figure on the page
- MidStreet business broker fees, read 2026-09-11: every candidate on the page was refused
- MergersCorp Lehman formula calculator, read 2026-09-11: every candidate on the page was refused
- Website Closers broker fees, read 2026-10-11: every candidate on the page was refused
- Exit Promise Lehman scale, read 2026-10-11: every candidate on the page was refused
- Synergy Business Brokers fees, read 2026-10-11: every candidate on the page was refused
- Archstone Business Brokers fees, read 2026-09-11: every candidate on the page was refused
- East Coast Advisory broker commissions, read 2026-09-11: every candidate on the page was refused
- 1719 Partners broker charges, read 2026-09-11: every candidate on the page was refused
- Millsaps broker charges, read 2026-09-11: every candidate on the page was refused
- UK Business Brokers fees, read 2026-10-11: every candidate on the page was refused
- Selling My Business fee agreement, read 2026-10-11: every candidate on the page was refused
- NewOwner vs UK brokers, read 2026-09-11: every candidate on the page was refused
- ClearlyAcquired broker fees, read 2026-10-11: read in full and no accepted figure on the page
- Rejigg broker commission rates, read 2026-10-11: every candidate on the page was refused
- Rejigg success-fee calculator, read 2026-10-11: every candidate on the page was refused
- Dealflow success-fee calculator, read 2026-10-11: every candidate on the page was refused
- Aventis Advisors M&A fees, read 2026-10-11: read in full and no accepted figure on the page
- InvestmentBank.com fees, read 2026-10-11: every candidate on the page was refused
- Class VI Partners on M&A fees, read 2026-09-11: every candidate on the page was refused
- M&A Community fees by deal size, read 2026-10-11: every candidate on the page was refused
- L40 adviser vs investment bank, read 2026-10-11: every candidate on the page was refused
- Bedrock quality-of-earnings cost, read 2026-10-11: every candidate on the page was refused
- BD Emerson quality-of-earnings cost, read 2026-10-11: every candidate on the page was refused
- Eton quality-of-earnings cost, read 2026-10-11: every candidate on the page was refused
- Midwest CPA QoE cost drivers, read 2026-10-11: every candidate on the page was refused
- Empire Flippers commission schedule, read 2026-10-11: read in full and no accepted figure on the page
- Flippa pricing, read 2026-10-11: every candidate on the page was refused
- Acquire.com pricing, read 2026-10-11: every candidate on the page was refused
- Raincatcher business broker fees, read 2026-09-11: every candidate on the page was refused
- Small Business Expo broker charges, read 2026-10-11: every candidate on the page was refused
- KBS Corporate sell a business, read 2026-10-11: every candidate on the page was refused
- Axial forum on broker charges, read 2026-10-11: every candidate on the page was refused
- First Page Sage fee-structure report, read 2026-10-11: every candidate on the page was refused
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
357 candidate sentences on these pages were refused by a reviewer; each refusal and its reason is recorded in the review ledger.
Sources (44)
- Eton Venture Services M&A advisory fees(the publisher's own terms; quoted for reporting and comment)
- CT Acquisitions business broker fees(the publisher's own terms; quoted for reporting and comment)
- iMerge Advisors M&A advisor fees(the publisher's own terms; quoted for reporting and comment)
- Auxo Capital Advisors fee guide(the publisher's own terms; quoted for reporting and comment)
- Praxis Rock sell-side advisory fees(the publisher's own terms; quoted for reporting and comment)
- Founders Advisors M&A advisory fees(the publisher's own terms; quoted for reporting and comment)
- Palmstone Capital adviser fees(the publisher's own terms; quoted for reporting and comment)
- MidStreet double Lehman scale(the publisher's own terms; quoted for reporting and comment)
- MidStreet business broker fees(the publisher's own terms; quoted for reporting and comment)
- MergersCorp Lehman formula calculator(the publisher's own terms; quoted for reporting and comment)
- Website Closers broker fees(the publisher's own terms; quoted for reporting and comment)
- Exit Promise Lehman scale(the publisher's own terms; quoted for reporting and comment)
- Synergy Business Brokers fees(the publisher's own terms; quoted for reporting and comment)
- Archstone Business Brokers fees(the publisher's own terms; quoted for reporting and comment)
- East Coast Advisory broker commissions(the publisher's own terms; quoted for reporting and comment)
- 1719 Partners broker charges(the publisher's own terms; quoted for reporting and comment)
- Millsaps broker charges(the publisher's own terms; quoted for reporting and comment)
- UK Business Brokers fees(the publisher's own terms; quoted for reporting and comment)
- Uscita fees for selling a business(the publisher's own terms; quoted for reporting and comment)
- Selling My Business fee agreement(the publisher's own terms; quoted for reporting and comment)
- NewOwner vs UK brokers(the publisher's own terms; quoted for reporting and comment)
- ClearlyAcquired broker fees(the publisher's own terms; quoted for reporting and comment)
- Rejigg broker commission rates(the publisher's own terms; quoted for reporting and comment)
- Rejigg success-fee calculator(the publisher's own terms; quoted for reporting and comment)
- Dealflow success-fee calculator(the publisher's own terms; quoted for reporting and comment)
- Aventis Advisors M&A fees(the publisher's own terms; quoted for reporting and comment)
- InvestmentBank.com fees(the publisher's own terms; quoted for reporting and comment)
- Class VI Partners on M&A fees(the publisher's own terms; quoted for reporting and comment)
- M&A Community fees by deal size(the publisher's own terms; quoted for reporting and comment)
- L40 adviser vs investment bank(the publisher's own terms; quoted for reporting and comment)
- Bedrock quality-of-earnings cost(the publisher's own terms; quoted for reporting and comment)
- BD Emerson quality-of-earnings cost(the publisher's own terms; quoted for reporting and comment)
- Eton quality-of-earnings cost(the publisher's own terms; quoted for reporting and comment)
- Midwest CPA QoE cost drivers(the publisher's own terms; quoted for reporting and comment)
- Empire Flippers commission schedule(the publisher's own terms; quoted for reporting and comment)
- Flippa pricing(the publisher's own terms; quoted for reporting and comment)
- Acquire.com pricing(the publisher's own terms; quoted for reporting and comment)
- Raincatcher business broker fees(the publisher's own terms; quoted for reporting and comment)
- Small Business Expo broker charges(the publisher's own terms; quoted for reporting and comment)
- KBS Corporate sell a business(the publisher's own terms; quoted for reporting and comment)
- Hornblower fees(the publisher's own terms; quoted for reporting and comment)
- Axial forum on broker charges(the publisher's own terms; quoted for reporting and comment)
- First Page Sage fee-structure report(the publisher's own terms; quoted for reporting and comment)
- the fee publishers(the publisher's own terms; quoted for reporting and comment)
Cite or embed this figure
Cite or embed this figure
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).
Cite as: "Mandatzo Adviser Fee Index", updated 2026-10-19, https://mandatzo.com/datasets/adviser-fee-index/.
Download the CSV (4 rows, computed 2026-10-19)