Annual Fee increases
I've had some clients now about 12 months and need to think about increasing the fees to at least keep pace with inflation.
How do I do this?
Do I need to justify the increase? Im only thinking say 5%
Does anyone have a standard letter/wording that they would share?
Im nervous as I dont want to upset my clients but I believe I need to create an expectation that the fees will increase modestly each year.
What increases are you doing this year? How are you justifying this?