The $100,000 question: Advisor salaries hot topic in Talvest Town Hall

Year 1: $20,000-$25,000 Year 1: $20,000-$25,000 Year 2: $26,000-$32,000 Year 3: $32,000-$36,000 Year 4: $38,000-$44,000 Year 5: $46,000-$52,000 Year 6: $56,000-$60,000 Related News Story 2nd Annual Dollars & Sense Survey: Getting results “If you do very well, you could improve those numbers by 25% or more,” added Wayne, noting that he hit $100,000 in his […]

By Doug Watt | February 20, 2004 | Last updated on February 20, 2004
2 min read
  • Year 1: $20,000-$25,000
  • Year 2: $26,000-$32,000
  • Year 3: $32,000-$36,000
  • Year 4: $38,000-$44,000
  • Year 5: $46,000-$52,000
  • Year 6: $56,000-$60,000

    Related News Story
  • 2nd Annual Dollars & Sense Survey: Getting results

    • “If you do very well, you could improve those numbers by 25% or more,” added Wayne, noting that he hit $100,000 in his fifth year. “If you have a spouse who earns a stable income, it can be a great asset.”

    As a comparison, The ADVISOR group’s second Annual Dollars & Sense Survey found that the average advisor salary was $83,500 in 2002. That was based on an average of 11 years in the business.

    In a separate thread, an advisor working toward the CFP designation wanted to know how much time to set aside to study for the exam.

    “For the eight weeks prior to the exam, I had no life,” responded Ellie. “Outside of work, I hit the books.”

    Another town hall participant works as an advisor, but has put everything else on hold to prepare for the June exam. “I spend about 20 hours during the week, and another 10 on the weekend, so it is like working two full-time jobs, but I believe the designation has such value that it is worth the sacrifice.”

    Share your thoughts on salaries, the CFP exam or any other topic concerning the advisor community in the “Free For All” forum of the Talvest Town Hall on Advisor.ca.

    Filed by Doug Watt, Advisor.ca, doug.watt@advisor.rogers.com

    (02/20/04)

    The opinions expressed in the online messages posted to any of the forums of the Talvest Town Hall are strictly those of the participants and do not necessarily reflect the views and opinions of the staff of Talvest Fund Management, Advisor.ca or Rogers Media. Material contained in the Talvest Town Hall forums is for information purposes only.

    Doug Watt

    • Year 1: $20,000-$25,000
    • Year 2: $26,000-$32,000
    • Year 3: $32,000-$36,000
    • Year 4: $38,000-$44,000
    • Year 5: $46,000-$52,000
    • Year 6: $56,000-$60,000

    Related News Story
  • 2nd Annual Dollars & Sense Survey: Getting results

    • “If you do very well, you could improve those numbers by 25% or more,” added Wayne, noting that he hit $100,000 in his fifth year. “If you have a spouse who earns a stable income, it can be a great asset.”

    As a comparison, The ADVISOR group’s second Annual Dollars & Sense Survey found that the average advisor salary was $83,500 in 2002. That was based on an average of 11 years in the business.

    In a separate thread, an advisor working toward the CFP designation wanted to know how much time to set aside to study for the exam.

    “For the eight weeks prior to the exam, I had no life,” responded Ellie. “Outside of work, I hit the books.”

    Another town hall participant works as an advisor, but has put everything else on hold to prepare for the June exam. “I spend about 20 hours during the week, and another 10 on the weekend, so it is like working two full-time jobs, but I believe the designation has such value that it is worth the sacrifice.”

    Share your thoughts on salaries, the CFP exam or any other topic concerning the advisor community in the “Free For All” forum of the Talvest Town Hall on Advisor.ca.

    Filed by Doug Watt, Advisor.ca, doug.watt@advisor.rogers.com

    (02/20/04)

    The opinions expressed in the online messages posted to any of the forums of the Talvest Town Hall are strictly those of the participants and do not necessarily reflect the views and opinions of the staff of Talvest Fund Management, Advisor.ca or Rogers Media. Material contained in the Talvest Town Hall forums is for information purposes only.