Financial advice fees jump over 20%

Median advice fees have gone up more than 20 per cent over the last two years, as the cost of doing business increases and practitioners get more selective about who they’ll take on as clients.

by | 9 Feb, 2021

Consumers confused by meaning of ‘general’ advice, ASIC

Data from Adviser Ratings’ 2020 Financial Advice Benchmarking Study, which took in responses from around 1,500 advisers, revealed that median advice fees had risen to $3,256 in 2020.

Read more at the AccountantsDaily.

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