Fee-For-Service Advisors See Increased Charges to Clients in Recent Study
Thursday, 4 April 2024, 20:35
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.