
Yes
49%
No
32%
Not yet but plan
to 19%
13%
18%
18%
12%
Before 2000 2000-2009 2010-2019 2020-2021 2022 2023 2024
18%
10%
- - -
50%
11%
ADVISORS CHARGING
SERVICE FEE, SHARE (%)
STARTED CHARGING SERVICE FEE SINCE, SHARE (%)
One can see a steady rise in the adoption of service
fees. Today, one out of two advisors charge a service
fee. The models of charging, however, vary. Some
advisors charge a planning fee, which is absorbed into
the booking fee if the client also books with them, while
some advisors vary their service fee depending on the
type of booking.
One advisor said, “Percentage is based on the value
of the travel package. I’ll charge 3% to 7%, with a $100
deposit/minimum for domestic travel and $150 for
international travel for two people.”
Another advisor shared,
If I make commission, it’s a simple
trip, and a top client I do not charge
a fee. If I do not make commission
or it’s a complex trip, I charge a
service fee to cover my time.
ADVISOR AFFILIATIONS
CHART 10-11
|
19