PWM and IM Salaries?
Anyone know around how much someone at a top PWM and IM firm make around mid way through their career.
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Hi Adriano.baratta1234, check out these threads:
No promises, but thought I'd mention a few relevant users that work in the industry: Jeff-Harrigan scemura oncle-junior
I hope those threads give you a bit more insight.
Are you talking about client facing (retail) investment advisor role or institutional. I can't speak to the latter but in the retail world, you can do quite well. Have been at it 29 yrs. Most of the folks I know with 15+ yrs or more make several hundred thousand / yr. Many have also moved into a recurring revenue model so they are not so much selling new business, but rather managing existing relationships and receiving ongoing trail based compensation. Rule of thumb at retail (independent not large branded company) is approx 1% of AUM. Manage 100M, earn 1M. The branded shops will charge the same or more, but severely cut the comp to the advisor in exchange for office support. Could be a good or bad deal depending on the advisor.
Are you talking about the US?
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