how much does financial planning cost?
By law all planners must disclose all forms of payment and fees. The cost to you will depend on the complexity of your financial situation and plan, as well as the fee method the planner uses.
There are various ways to structure fees, and it typically starts with an initial fee to cover identifying your needs, developing a strategy and implementing the recommendations. There could also be administration and ongoing service fees for regular reviews of your plan to ensure it meets your changing circumstances.
Unlike other financial planners, FPA members abide by rules that require them to explain fees and charges in a clear and transparent way. An FPA member is required to make sure you understand and approve the fees before you pay or go ahead.
