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InFocus: Increasing access to simpler, specific advice on the issues that matter most

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7 August 2020 by Money Management

Article link: https://www.moneymanagement.com.au/features/infocus-increasing-access-simpler-specific-advice-issues-matter-m

The average financial advice fee per annum according to Adviser Ratings is $3,600 and the average age of a client is 55. This is because the requirements for producing comprehensive high-risk advice such as asset allocation or wealth strategies are the same for producing low-risk advice such as scalable advice given the voluminous regulations that product providers and advisers must now comply with. 


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