Investors will pay $770 for comprehensive financial advice
New Zealand laws may be moving to be inline with Australia’s. So I thought this may be of interest to you……The average Australian expects to pay A$770 for a comprehensive financial plan, according to a new report released by wealth researcher Investment Trends. “With planners estimating that it costs A$2,550 to provide comprehensive advice, there is a clear gap between the expected and actual cost of advice,” said Investment Trends Senior Analyst Recep Peker. “Planners recognise this, and two in five intend to provide more transactional and single issue advice in the future.”
Australians who had already received advice said they are prepared to pay $970 in total for an update. “This suggests that they have a better appreciation of the value of advice and the cost involved in providing it, though still low,” Peker said.