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Small business groups urge the federal government to offer $5,000 financial advice subsidies to SMEs

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11 February 2021 by Lois Maskiell, Smart Company

Article link: https://www.smartcompany.com.au/business-advice/politics/smes-financial-advice-subsidies-proposal/

The proposal for a financial advice subsidy comes after a recent study on the cost of advice fees revealed they’ve increased by 22% since 2018.
The median fee charged by 1,500 advisors surveyed was $3,256 in 2020 as compared to $2,510 in 2018, according to data from Adviser Ratings’ Financial Advice Benchmarking study.


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