Wealth Enhancement Group, a major hybrid registered investment advisor (RIA) managing $72 billion in client assets, has increased its maximum annual flat-rate consulting fee from $25,000 to $50,000, according to InvestmentNews.

The updated fee structure primarily applies to clients who opt for ongoing financial consulting services. Industry experts view the fee increase as a reflection of the broader trend of RIAs to expand services, especially for high-net-worth clients with complex financial needs. As financial advisors adopt a family office model to manage intricate financial planning, fees tend to rise accordingly.

InvestmentNews reports that the increase aligns with the trend of RIAs offering more flexibility in pricing, as clients seek alternative payment methods, such as hourly rates, rather than traditional percentage-based fees on total assets under management.

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