Should I run TikTok ads for financial services?

Quick answer

Should I run TikTok ads for financial services?

Yes for first-time buyer, protection and budgeting niches targeting 22-40; no for HNW wealth management. CPL is 20-40% lower than Meta but nurture is longer.

Where it works

- First-time buyer mortgages - Life / critical illness protection - Budgeting / debt solutions - Early-career pension consolidation

Where it does not

- HNW wealth, DB pension transfer, IHT - audience isnt there

Compliance

Same s21 rules apply; TikTok has its own financial services policy approval.

Reviewed by Platinum Prospects Editorial. Last updated April 2026.