Charging fees for risk-only advice – to supplement commission income – will become more widespread in future.
- Disagree (43%)
- Agree (40%)
- Not sure (16%)
Loading ...With almost half of insurance advisers in Australia charging clients for risk advice, this week’s poll sets out to establish if the trend will grow in New Zealand.
A survey of advice firms in Australia by Elixir Consulting found 44% of those providing insurance-only advice charge a fee on top of the product commissions they receive. Elixir reveals the average fee is $1,841 (AU$1,689).
However, more than half still operate under a commission-only hybrid structure of 60% upfront and 20% ongoing.
Cast your vote in this week’s poll and we’ll report back in next week’s email with the result. Not already a subscriber? Click here and sign up for free.
See our story: Almost Half of Aussie Advisers Charge for Risk-Only Advice