ADVICE MARKET – REMUNERATION UPDATE | Q3-2024
$155k-165K Average Adviser Salary Package
- Supply Overall is rated GOOD
- Top motivator for Advisers is long term stability
- Top pain point for Advisers is Admin
EXECUTIVE, PRACTICE MANAGEMENT & COMPLIANCE
- CEO / General Manager $180 - $250K
- Practice Manager $120 - $180k
- Operations (Compliance) Manager $110 - $150k
Variable with size of practice, revenue, number of Advisers and mandate.
ADVICE MARKET – REMUNERATION UPDATE | Q3-2024
MARKET HIGHLIGHTS
Future supply / generation of Financial Advisers - uncertain. (Only 370 AR growth inn 2023)
Swing to Insurance ‘Risk’ Advisers & Support is noticeable
Demand highest for CSM/Paraplanner/Associates
Demand for Senior Financial Planners soft
FINANCIAL ADVISER SALARY RANGE
Senior 7+ years - $180k
$155-165k – circle/highlight
$110 – 135k