Fee-For-Service Advisors See Increased Charges to Clients in Recent Study

Overview:

In 2023, Fee-For-Service advisors have raised their charges to clients, as per AdvicePay's study.

Key Findings:

• 83% of Invoices for Subscriptions: The recurring fee model is still popular, with a majority of invoices being for subscription services.

This increase in fees signifies a trend towards more expensive financial advisory services, impacting clients' financial planning choices.