Owners of financial advisory firms average more than a half-million in annual income, new research shows.
This finding is unveiled in the “2015 Adviser Compensation & Staffing Study” conducted by InvestmentNews Research and The Ensemble Practice. The report examines compensation data from 363 advisory firms that supplied financial information for their organizations, as well as compensation, staffing, strategy, and management data on their practices.
The report pegs the average, pre-tax annual income for a “typical owner” of a financial advisory firm at $527,000. This compares with $465,000 in in 2013, a 13.3% rise.
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