How Much Does an Advisory Board Cost in Australia
12 July 2023
How Much Does an Advisory Board Cost
The cost of an advisory board varies with purpose composition and expected impact. Advisory boards offer strategic insight without the legal obligations of a governance board which means cost structures are flexible and tailored to each business.
Below is a clear view of what you can expect when building or joining an advisory board in Australia.
1. Common Advisory Board Fee Models
Engagement Type | Frequency | Typical Range ~ (AUD) | Who Uses? |
|---|---|---|---|
Quarterly advisory board | 4 to 6 meetings per year | $15,000 to $40,000 per year | Common for SMEs and scale-ups |
Monthly growth advisory board | 10 to 12 sessions per year | $30,000 to $80,000 per year | Popular for SaaS and high growth firms |
Specialist advisory role | As needed | $500 to $1,500 per session | Used for short term or specialist input |
Fees rise with advisor experience preparation expectations and the strategic weight of the engagement. More governance = more risk = higher anticipated costs.
2. What Influences Cost
Factors that shape the cost include:
Complexity of the business and industry
Size of the company
Advisor profile
Duration and intensity of the engagement
Boards that pay higher fees often gain access to networks frameworks and capability that elevate growth and decision making.
3. Focus on Value Not Cost
The cost of an advisory board should be considered in relation to measurable impact. Advisory boards that drive revenue expansion stronger governance or clearer strategy return many multiples of their cost.
Practical Rule of Thumb
Budget between one and two percent of annual turnover for advisory support. This provides access to the right experience without stretching operational budgets.
What's next?
The most effective advisory boards do not compete on price. They create clarity momentum and measurable value. Cost becomes secondary when the board is driving meaningful outcomes.
If you need help structuring or pricing an advisory board you can contact us for a consultation to align cost with performance and strategy.
