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Advice Fee Benchmarking: How do your fees compare to the market average?
NextWealth's analysis reveals the changing landscape, with a decrease in total client costs to 1.75%. Explore the breakdown of advice fees by component and understand why ongoing advice remains a significant part of client expenses. Uncover insights into initial advice fees and the adoption of subscription-based fee structures, offering valuable information to keep your financial strategies competitive and cost-effective.
Financial advice businesses are weathering the storm
The Financial Advice Business Benchmarks (FABB) report highlights significant trends and challenges in the financial advice industry.
Third party platforms cost clients less
The average fee paid by a client for the platform is lowest for advisers that are using a fully outsourced platform, our latest research discovers.