Is it possible to make a high salary in wealth management while still maintaining some degree of work-life balance? How do people do it? It's a mystery to me

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Define high salary. That can be different to each person.

There are people in wealth management making mid-high seven figures. I’ve found among most of my colleagues that upper mid/high six and into seven figures is doable and common. Of course that will differ firm to firm and based on your client base.

Your salary is (or can be) tied directly to your production. Obviously that means laying out a lot of sweat equity in the beginning, but you can start to develop a better balance after you hit some of those initial asset hurdles.

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Plenty of opportunities to make 6 figure salaries (and 7 figures in senior years) but requires a lot of work in the short term. Your first 5 years will probably have you working 12+ hour days. Very entrepreneurial and dependent on you to find clients.

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It's about building at first. The first 5 years, no. I worked 12-14 hours a day, weekends, evening appointments, home visits, work site visits, no vacation, no balance.
Year 6 I had a fee-base paying 6 figures and now it's much less hours and total freedom. Some days are 10 hours, others are 2-3. Days off whenever i want. But it's all my choice.
A lot more service, less marketing. Referrals now roll in based on happy people.
I've decided to choose balance over rapid growth because I have a family and bills are paid and life is comfortable and I'm seeing continued growth, just slower than if i kept grinding.

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Of course - I interned with a guy managing what’s now 4.6B seemed to have it easy

It can be a scalable business. Establish 5 or so core portfolios and put them to work. Everything can be traded at once. Derivatives, AI, and concentrated positions become the most manual part of the business.

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