Financial Advisors Discussions
Salaries

Anyone know of any firms looking to hire CFP’s? Currently in a bank program and they recently switched everybody to salary plus bonus, both relatively low. Last bank program they laid all the advisors off and sold the business along with our books to another firm. I’m Interested in salaried Financial Planning opportunities or willing to buy a retiring Advisor’s book of business. I’m a CFP with over a decade experience in Wealth Management. I’m also completing my MBA soon as well. Thanks.

Got an offer to work on a team at Morgan Stanley. 2 other advisors, $300m aum, mostly free based, financial planning practice. I’m a CFP at Edward Jones. Sounds like the ideal practice to be working on. Pros and cons of Morgan Stanley? How is their comp structure? What’s a typical fee based % rate?

Small but growing firm. Two independent advisors and an office director. We are actively hiring for a marketing and events director. Curious on how others compensate this type of role and what type of bonus structure are successful? We do a mix of aum and annuities primarily.

Was previously working as an advisor growing a nice book and left to move 18hrs away to be close to family. I was pregnant and desperate to take what would move us and now I’m a planner working for FAs and I’m making $130k. Was fine at first while I got thru pregnancy but now I’m not happy & regret accepting the job and pay. I’m supporting others who are making 3-4times my salary. I have 10 yrs experience and CFP, often more than FAs I’m helping. Ask for more $$ or start over being an FA?

Any feedback from JPM Private Client Advisors here? WLB, comp structure, benefits, products offered to clients.

Have a few friends who took roles recently and they are raving about it but have only been there for a few months. Thinking about making a move. Thanks for any input

What is salary for a financial advisor at TD bank in Toronto?

I interviewed for an employed role and knocked my business plan pitch out the park, but could tell I disappointed them with my technical. By my own admission I’m lacking in this area as only have 1.5 years experience with a poor manager who only had me focus on biz dev.

They asked me what my salary expectations are but had already hinted my experience would knock me down a pay grade.

As it was 4 of them and 1 of me I said I would email them. How do I play this without lowballing myself?

How much can I negotiate a starting salary for with Edward jones? It decreases over time in your first 4 years I make 60 base rn with a quarterly bonus of 6k

Have one year of experience as an FA completed the AAMS designation and currently completing my CFP education,what should my next move be?/ What should I expect salary wise ?

Morgan Stanley Financial Planning Analyst — anyone know what comp is like? 5 years of experience and CFP designation

Financial solutions advisor position in tampa salary?

When hiring an associate or junior advisor, does anyone have any input as to how to structure pay to be competitive but not so much of a salary that they’re not hungry?

Associate advisors working for a RIA - I’m trying to get an idea of salary ranges. What’s your salary and how many years of experience?

Can someone give the salary w/ bonus of a CSA at Morgan Stanley or JP Morgan in NYC with series 7 and 66?

For those of you that are within or are familiar with the bank channel. I’m currently an advisor at Citi and been at a horrible branch for 2 years. I just got a new territory with a lot of potential However, I was just given an offer from Citizen’s bank where I’d be inheriting a $40 Million dollar book, $20 Million in managed and a 34% payout of revenue on TOP of salary for 3 years. I’m nervous to make the move, but it’s a sweet deal. Need some advice here fellaz.

Happy Friday everyone, was hoping anyone can advice me on whether the compensation / commitment are worth more in Banking than in Asset Management. I’m curious whether it makes sense to leave AM for banking with sacrifice of spare hours I revive now.

I’m an associate in wealth management. I didn’t get a compensation increase when I got this position (moved from a different department 65k) and today I had the weirdest call with one of the higher ups. He essentially told me my title had changed officially in HR ok thanks bye… and I was left there like ????? What about the salary adjustment? I am so tired of getting taken advantage of because I’m not a negotiator guru. If you work in wealth management as an associate what is your salary?

Currently I’m at JP Morgan as a RB , getting my SIE, 6 and 63 but I just found out I’m unable to get the Series 7 unless the role requires it. I like that Fidelity has some positions are WFH. My question is should I stay with JP Morgan for a year ( don’t have to pay back my licenses) or just apply Financial Service Rep as Fidelity sponsors Series 7, 63 and CFP. I’ll be taking a pay cut Currently 73k salary including incentive at JP and Financial Rep at Fidelity 50-60k salary.

What is comp for Fidelity Investment Solutions Rep?

Am I being lowballed? Chief Investment Officer for a 5B+ RIA, total comp around 155k with no equity incentives.

Senior consultant salary range in EY Canada ?

Fellow Fish,
Would anyone happen to have more information about the Investment Center ADFA, Remote Financial Advisor position w/PNC? I am most interested in the base salary/commission structure. I am in a licensed banker role right now and trying to feel out if this would be a good way to work into PNC Investments in lieu of a traditional branch Financial Advisor position. My thought is this could be a decent way to build a foundation of clients and then transition to a branch role.

For independent’s with GDC 1-2 million… what % do you spend on staff?
As we have grown we have needed to add people… para planners…. Investment traders for the managed account… just added a junior guy good with computers just to keep the desk tops and laptops working with all our software programs and the required security.
We are spending about 35% for salary and benefits.

Worked my way up to wealth advisor in Citi after 4 years. Now that I am about to start building my book, I have Merrill poaching me. They have called me a couple of times to move to their financial advisor program. Same pay for the first year but 25% more bonus. Second year Merrill pays substantially more if you hit your goals. After that you are comission based. Citi is more job security but Merrill is higher growth potential. Thoughts?

Time to jump!
Where should I go? I’m after FC at Schwab, Vangard or somewhere else where I can be a planner and clear 100K + a year.

Base of $80 would be nice. I’ve made so many other people money this year I’d rather quit and not work than keep doing this. Business partner will make $500K this year on net new money, that I closed for them. Plus, anything developed they will get paid. I’ll be happy to possibly get a bonus at the end of the year? Maybe?

7,63,66 and registered since 2020.

Has anyone gone through/completed Morgan Stanley's Wealth advisor associate 1 year program? Just got a job offer that will Segway me into the financial advisor program afterwards. Currently licensed with bout 3/4 years financial services experience. If so what was the salary range paid. Thank you cheers!

Does anyone know if Edward Jones will give you a sign on bonus if you are fully licensed? Also, what are everyone’s opinion of Edward Jones right now.

Just looking for some info on what you can expect for a first year operations associate position at Morgan Stanley. Salary? Bonus?

Hi everyone. I had a question regarding Kpmg process. Once getting a call from the HR regarding selection, the HR told that she needs to get partner approval on salary and then will communicate back to me for a verbal confirmation and an offer letter. It has been almost 3-4 days, I am still waiting and the HR told me she is continuously sending chaser emails to the partner. Does someone has knowledge on how long this takes,i.e., for the partner to approve salary, etc? Note: I’m an expat in SG.

Edward Jones asking for your salary in Florida application? Can you put NA and will they still have you go through the interview process? They also ask about supervisors? Will they contact them?

Anyone ever work with BOA as a financial solutions advisor. I live in tampa and am wondering compensation and other variables

I’m finally about to make the jump back to an advisor after a relocation and two years as a planner/coach to advisors. It is with a very tiny RIA. The provide the platform, office, and I own my book and give back a portion of revenue to cover those costs. They are paying me a very nice 1 year salary to get off the ground. What are the questions you would be asking before you make it official?

What is this Merrill Lynch program where they pay you for 5 years a salary if you commit to bringing over a certain amount? I was at a call center for a major wirehouse and recently left. I have a buddy going to Merrill and is getting paid $250k/year with the goal of having $60m end of year. He probably will take $15m from the call center MAX. What is the catch here?

Any one had experience with Wells Fargo premier banker role or Financial Solutions advisor with BOA. Seems to be very similar. Wells base is higher but seems more upside for comp with BOA? Any feedback on either would be greatly appreciated.