Agree there is a disconnect between supply and demand. Bulk of population only willing to spend that amount, but I struggle to see how this demand can be met. I.e. who can supply at this price?

Can only see it working if adviser salaried employee of large fund with all the systems in place (and very high utilisation rate). E.g. $120k salary + 22% on-costs = ~$147k. 3 appointments per day @ $300 = $900 x 200 days = $180k. Leaves very little room for slack, preparation, follow-up and prospecting. Is this sustainable / realistic? Probably not.

Even then, the return is grossly outweighed by risk taken (business and compliance).