WHOLESALER PAY ROCKETS UP: BATTLE FOR ADVISERS BOOSTS TAKE-HOME TO $400G
Those in financial services like to call mutual funds commodities, because there are more than 8,000. And many liken those who market them to shoe salesmen or door-to-door encyclopedia salesmen.
But nobody ever made $400,000 a year hawking shoes or encyclopedias. As mutual fund companies trip over each other to reach the growing numbers of independent financial advisers, they are driving up their sales staffs' pay.
Commonly called wholesalers, people who sell mutual funds to advisers are s
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