From www.professionalplanner.com.au: A recent report shows advisers need to charge between $3000 to $4000 for financial advice to remain viable, but a significant portion of Australians only expect to pay $500, demonstrating a disconnect between perceived value and actual costs.

The report highlights the social implications of limited access to advice, as areas with fewer advisers see increased incidents of fraud, underscoring the industry’s role in protecting clients.