The Financial Times has released some interesting research this weekend which shows the cost of financial advice has been increasing quite substantially and for several reasons.
some of the problems the industry has is that there is a distinct lack of advisors and advisory firms coming into the industry and of course the costs of regulation. For many seeking financial advice the costs are now becoming quite prohibitive with many advisers only looking to take on the clients that have more than £100,000 pounds to invest and of course we’ll want to levy any adviser fees based on that amount.
I have included a link below so you can read it for yourself although it may well be protected by the paywall.
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How Much Does Financial Advice Cost in 2024
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