Media

In Brief: July Edition  

Do you have a good advice story?

Are you an adviser with a customer who'd like to tell their story how your advice helped them?

Are you a customer with a good story about how advice has added value to your life?

Tell us about it

The state seeing 37% financial adviser pay rises

« back to media

11 April 2024 by Laura Dew, Money Management

Article link: https://www.moneymanagement.com.au/news/financial-planning/state-seeing-37-financial-adviser-pay-rises

Financial advisers in NSW are among the lucky few who have experienced a salary rise of more than a third in 2024, according to recruitment firm Robert Walters.

The firm’s salary survey found the salary range for a financial adviser in 2023 was $120,000–$160,000 per annum, but in 2024 this has risen by 37 per cent to $160,000–$220,000 in NSW. 

In February, Adviser Ratings found over 60 per cent of financial advice practices are enjoying profit margins above 20 per cent – a figure which includes owners’ salaries. Moreover, average rises in advice practice revenue is surpassing 5 per cent, while more than one-third (35 per cent) of firms are experiencing a “remarkable” 15 per cent surge in revenue.


Comments

No comments added.


Add comment

Name

Email

Comments

Enter code:*

Add comment


« back to media