Financial Adviser Fees in Australia
Last updated 19 May 2026. Author: George Iacovou, Principal Financial Adviser, Authorised Representative (000429693) of Akumin Financial Planning Pty Ltd, AFSL 232706.
Financial adviser fees in Australia depend on what’s involved and how often you meet your adviser. At Great Advice in Springwood, most clients pay one of three ways:
- Initial advice fee (one-off): between $3,300 and $6,600, depending on the scope of work.
- Ongoing advice fee (annual): between $1,650 and $9,900, depending on portfolio complexity and meeting cadence.
- Hourly or task-based fee: $550 per hour for specific one-off pieces of work.
The exact fee for any client is set in writing in your Statement of Advice. We’re authorised through Akumin Financial Planning Pty Ltd, AFSL 232706, and Akumin lists the permitted product types in our Financial Services Guide.
What you pay for
An initial advice fee covers the work behind your first Statement of Advice. That includes the first meeting, gathering your financial information, modelling your situation, drafting strategy options, and producing the written advice you can act on. The fee is quoted up-front, before any work starts, and it’s the same fee whether you accept the recommendations or not.
An ongoing advice fee covers a yearly review cycle. We sit down once or twice a year (more often if your situation needs it), review what’s changed, refresh the strategy, document any new recommendations, and handle the paperwork to implement them. The ongoing fee includes phone and email access between reviews for questions that don’t need a full strategy refresh.
An hourly or task-based fee is for one-off pieces of work that don’t fit either of the above. Examples: a single super consolidation, a one-off cashflow review, or a Centrelink Age Pension claim. Each piece is scoped and quoted before it starts.
When fees can be paid from super
The ATO sets out when advice fees can be paid from a super interest in PCG 2025/1. The headline test is that the advice must relate to the super interest itself, and the apportionment between super-related and non-super-related advice has to be documented at the time of advice.
In practice, if your advice covers contributions, investment options inside super, insurance held in super, or pension drawdown sequencing, the related portion can usually be paid from super. The split is documented in your Statement of Advice and authorised through your fund’s deduction authority paperwork. If the advice is purely outside super (for example, a non-super investment review), it can’t be paid from super.
If you’re not sure how this applies to your situation, we work the apportionment out at the Statement of Advice stage and you sign off on it before any deduction is requested from your fund.
Our fee structure
Initial advice fee
Our initial advice fee typically sits between $3,300 and $6,600. The lower end covers a single-issue piece of advice (for example, a super strategy refresh for someone within five years of retirement). The upper end covers a full retirement plan with super, pension, Centrelink Age Pension modelling, insurance review, and estate-planning coordination with a solicitor.
We quote the initial fee at the end of the first meeting, once we’ve understood the scope. If you proceed, the engagement letter sets out the exact figure, the work included, and the timeline.
Ongoing advice fee
Our ongoing advice fee typically sits between $1,650 and $9,900 per year. The fee reflects portfolio complexity, the number of strategies in place, and how often we meet (most clients meet once or twice a year for a full review). It’s a flat dollar figure, agreed in writing, and you renew it each year under ASIC’s annual consent and renewal regime.
The ongoing fee covers the annual review, the written review record, implementing any changes, and access between reviews for shorter questions. If a piece of work in a given year is bigger than the annual review (a major Centrelink claim, or a property-related strategy piece), we scope and quote that separately.
Hourly or task-based fee
For one-off pieces of work that don’t sit inside the initial or ongoing arrangement, we use an hourly rate of $550 per hour. The scope and an estimated hour count are agreed in writing before the work starts, so you know the likely total before you commit. This works for one-off super consolidations, single-issue Centrelink claims, or a discrete cashflow review.
Statement of Advice
Every fee is set in writing in the Statement of Advice before you sign anything. The Statement of Advice is the formal document ASIC requires us to give you for personal advice. It sets out the advice, the reasons behind it, the products recommended, and the fees for both the advice and any product implementation.
You can decline the advice at the Statement of Advice stage and walk away. If you do, the only fee that applies is the initial advice fee for the work already done, and that figure is the same one we quoted at the engagement letter stage. There are no surprise charges between engagement and Statement of Advice.
Akumin Financial Planning Pty Ltd holds the licence (AFSL 232706). The Statement of Advice is issued under that licence, and Akumin’s Financial Services Guide is the document that covers our authorisation scope, permitted product types, and complaints process.
Want a quote on your situation?
The first meeting is on us. About 45 to 60 minutes, at our Springwood office or over video. We’ll walk through your situation, sketch what advice might look like, and quote a fixed engagement fee in writing before any work starts. No obligation to take it further.
Book a meeting
Call 07 3290 0393
Fee-based advice · Springwood QLD · 5.0 from 58+ Google reviews · 16+ years · Authorised Representative of Akumin Financial Planning Pty Ltd, AFSL 232706
Frequently asked questions
How much does a financial adviser cost in Australia?
Adviser fees in Australia depend on the work involved and how often you meet your adviser. MoneySmart notes that initial advice often falls between a few thousand dollars and the mid-five-figures for complex work (see MoneySmart, financial advice costs). At Great Advice in Springwood, our initial advice fee typically sits between $3,300 and $6,600, and an ongoing advice fee between $1,650 and $9,900 per year. Your exact fee is set in writing in your Statement of Advice before you commit.
Can I pay my financial adviser from my super?
Yes, in some cases. The ATO sets out the conditions in PCG 2025/1, which covers when advice fees can be paid from a super interest. The advice must relate to the super interest, and the apportionment between super and non-super advice has to be documented. We confirm this in your Statement of Advice and your fund’s deduction authority paperwork.
Do you charge commissions?
Our advice fees are quoted in writing in the Statement of Advice before you sign anything. Akumin Financial Planning Pty Ltd is the licensee (AFSL 232706) and lists the permitted remuneration types in our Financial Services Guide. If you want the full picture, the FSG is available on request and is also linked from our footer.
Is there a fee for the first meeting?
No. The first meeting is on us, with no obligation. It runs about 45 to 60 minutes, either at our Springwood office or over video. We use it to understand your situation, talk through what advice might look like, and confirm whether we’re a good fit. If you decide to proceed, we quote the engagement fee in writing before any work starts.
How are ongoing fees set?
Ongoing fees are set based on portfolio complexity, the number of strategies in place, and how often we meet. Most ongoing clients fall between $1,650 and $9,900 per year. The exact figure, the services included, and the review cadence are documented in your ongoing service agreement, which you renew each year under the ASIC consent and renewal regime.
What happens if I want to stop the ongoing service?
You can opt out of the ongoing service at any time, in writing. ASIC’s annual renewal rules mean the ongoing service doesn’t roll over automatically; you have to actively renew it each year. If you decide not to continue, the ongoing fee stops, and we close the ongoing service file at the next billing cycle.
Important information
