Lots of RIA’s are hiring salaried advisors. What’s the average salary for a salaried advisor position?

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With a CFP and six years in financial services working for a retirement plan administrator, I started as an associate advisor (financial planning type role) at a larger RIA at $85k base salary plus $5k bonus. 5 years later and base is $120k with $30-40k bonus. In Texas.

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$50-60k

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Why would anyone do that?

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I guess that would work for an entry-level FA

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Around 60k to start.

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That is low

Isn’t that the minimum required base salary for NY State Financial advisors by law ?

I think $48 is the NY minimum for exempt employees

Depends on the RIA. Some people get scared off by the term”salary” but sometimes the salary recalculated quarterly and equates to 50% of their revenue

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