Financial Advisors

Which firms pay a base salary for financial advisors and how much is the base? Everyone share your salary if you have one!

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works at

every bank. you dont want to end up at a bank but theybare good to get a start

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3 junior advisors in our independent office. All on mix of salary and commissions on a 4 year plan to full commission. One guaranteed $82k, one guaranteed $78k and one a recent college graduate guaranteed $48k. All making good progress, nobody selling BS for a commission and the office is doing great. Also health plan and simple IRA

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Wow! What are the required to bring in $$ in order to stay employed?

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No monetary requirements but everyone of them comes to work everyday motivated to build their book the right way... after all the work my husband and I have done to build our business why would we risk our reputation not supporting quality young people building their book by doing the right thing for their clients which does not necessarily mean making a lot of money year one...

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What kinds of salaries do these banks pay? I’m just curious

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Edward Jones provides guaranteed salary support for up to 5 years. It declines over that time. The amount varies based on your prior 3 years verified income. My salary was $75k. Jones paid full salary while I studied for the Series 7, 66 and insurance exams and until I started building my book.

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