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Advice fees jump by 40% in 5 years

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13 April 2023 by Independent Financial Adviser

Article link: https://www.ifa.com.au/news/32645-advice-fees-jump-by-40-in-5-years

As many as 9 in 10 advisers plan to lift their fees further on the back of inflation, interest rates, and other cost pressures, research from the Adviser Ratings Landscape Report has revealed.

In the past year alone, advisers have increased their fees by 5 per cent, with the median client now paying $3,710.

However, Adviser Ratings revealed that while some advisers are charging as much as $13,000, others are only asking for $1,000 which, it said, is still double the amount most consumers are willing to pay.


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