Financial Advisor Melbourne -
Trusted Guidance for Every Stage of Life.

The cost of engaging a financial advisor in Melbourne varies based on the complexity of your needs and the services provided. At Discover Financial Partners, we offer transparent pricing tailored to your specific circumstances.

According to our detailed breakdown, typical fees include:

• Initial Consultation: Some advisors offer a free first meeting, while others may charge between $200 and $500.

• Comprehensive Financial Plan: For a full strategy tailored to your goals, you could pay between $2,500 and $5,500.

• Ongoing Advice: Ongoing service packages can start from $3,000 per year up to tens of thousands, depending on the scope, scale, and complexity of the advice and investment solutions.

• Hourly Rates: For one-off tasks, expect $250 to $500 per hour.

• Commission-Based Fees: If you're buying a financial product like insurance, some advisors are paid via commission instead of upfront fees.

For a more in-depth understanding of financial advice costs in Australia, we invite you to read our comprehensive article: How Much Does Financial Advice Cost in Australia?

Here are five essential steps to help you choose the best financial advisor in Melbourne:

1. Understand Your Financial Needs

2. Verify Credentials and Licensing

3. Seek Recommendations and Do Your Research

4. Assess Independence and Fee Transparency

5. Book a Discovery Meeting and Evaluate Compatibility

We've got comprehensive info on this here and even a free downloadable checklist right here to help you.

There's some really important questions to ask like:

• Independence – Are they tied to any financial institutions?

• Fee structure – Do they charge fixed fees, hourly rates, or commissions?

• Transparency – Will they clearly explain what you’re paying for?

• How they work - Ask how they work with clients?

You can see more information here on how to choose a financial advisor in Melbourne.

Yes, absolutely. To legally provide financial advice in Australia, a financial advisors in Melbourne and all states must hold an Australian Financial Services (AFS) licence or be an authorised representative of one.

We've got a great article on this topic "Why is it illegal to give financial advice without a license in Australia?"

We service all of Melbourne and clients across Australia. Our office is based in Richmond, Melbourne, with dedicated financial advisors in Melbourne supporting clients in different suburbs. Whether you prefer meeting your Melbourne financial advisor in person or working with us virtually, we make financial advice convenient and accessible.”