High net worth investors have indicated they like the idea of financial advice, but few have taken steps to actually receive any, according to Investment Trends.

The latest industry research has shown the value of financial advice, as opposed to the cost of it, is being recognised.

Exit fees should be imposed on banks and institutions moving out of advice to provide relief for advisers facing a sharp hike in the ASIC levy.

Advisers need to ignore their own biases and inertia and that of clients when providing SMSF advice to ensure the latter are getting the best outcomes from their funds.