Attracting and retaining top talent in the financial advice industry are of critical importance — employees are, after all, the lifeblood of a successful advisory firm.
According to Charles Schwab’s 2018 RIA Compensation Report, 73% of firms plan to hire staff in the next 12 months. But just how are firms compensating employees in various roles, such as client account managers, financial planners and operations managers?
Here are some of the Schwab report’s topline results, which list median pay reflecting data from more than 900 firms that participated in the survey.
(InvestmentNews also publishes an annual compensation and staffing study.)