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VetPay named and shamed in Choice Shonky Awards

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4 November 2022 by Nicola Field, Money Magazine

Article link: https://www.moneymag.com.au/vetpay-named-and-shamed-in-choice-shonky-awards

According to Adviser Ratings, in 2021 the median annual fee for advice jumped by 16% to $3,256.

The rising cost reflects declining numbers of financial advisers, partly due to new educational requirements introduced following the banking royal commission.

Adviser Ratings says adviser numbers dipped below 16,000 in October. With more advisers expected to leave the industry by the end of 2022, the cost of formal advice could climb higher.


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