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In Brief: July Edition  

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ADVICE FEES JUMP OVER 20%

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9 February 2021 by Sarah Kendell, IFA

Article link: https://www.ifa.com.au/news/29138-advice-fees-jump-over-20

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.

This was up 16 per cent from the median advice fee of $2,800 in 2019, and up around 22 per cent from the median fee of $2,510 in 2018, according to the data.


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