Average Financial Planning Retainer Fee Increases 52% Since 2023 as Industry Shifts Toward Planning-Led Advice
The average annual financial planning retainer fee has increased by 52% since 2023, rising from $4,484 to $6,815, according to a study by Envestnet | MoneyGuide and Datos Insights. The report highlights a broad fee increase across all business models, with 53% of advisors raising their fees in the past year. The trend reflects a shift toward comprehensive, ongoing financial planning services.
Topics: advisor pricing AI in finance fee inflation financial planning fees wealth management