they can make up to 1,000,000 a year.
Added:
The fact is ANYONE can make a million a year doing ANYTHING. You can also find a chest of gold under the big blue sea if you swim around long enough in the right area.
The range is wide depending on the company you work for and the sector. Here are some data based on actual recent information. The sectors (insurance, brokerage, or bank) should be a representation of their respective industry:
-MetLife Financial Services Representative (Insurance based): Average compensation nationally is $25,000 a year, regardless of what you've been told... (they usually use the phrase, "unlimited income" a lot). Experience Requirement: Low - Compensation Range: High (Lower the compensation range, the more uniform the compensation for all experience levels--i.e. medical doctors).
-Brokerage, Retail Investment Bank Financial Advisor (top 5 firms): Average compensation is probably $150k to $200k nationwide for all advisors; however, for advisors with less than 7 years in the industry, I'd say the average comp is about $60k a year. Experience Requirement: High - Compensation Range: High (higher the compensatioin range means higher potential for compensation as well as potential to make less. You can have one person making $50k a year and another advisor in the same office making $500k a year).
-Bank Channel Financial Advisor (top 3 banks): Average compensation nationwide is about $85k and $100k. Experience Requirement: Medium - Compensation Range: Med
-Independent Channel like, LPL: Average comp for advisors is probably about $60k. Experience Requirement: Med - Compensation Range: High
Read more: How_much_does_a_financial_advisor_make
Financial advisors tell you about what's best for you and your money. A financial advisor definitely can help you find ways to make debt easier to get out of.
Financial advisor commission can be done two ways: per trade and/or by the amount they make you. For the latter, some advisors can charge up to 10% of your returns. There are advisors not paid by commission but rather a flat fee, though.
Baltimore-Washington Financial Advisors was created in 1986.
You can search on FINRA.org. FINRA is the national regulatory agency for financial advisors.
Sure, many farmers use financial advisors. Many farmers use advisors to help them get their finances in order. Farmers often work for themselves so advisors help them plan for retirement, and make important business decisions involving large amounts of capital.
Financial advisors, like everybody else, need to make money. The fees charged by advisors reflect the difficulty of their job, as well as the fact that few people are qualified to do it.
There are a number of websites that provide directories, recommendations, and reviews of independent financial advisers in the United Kingdom. Popular websites are Unbiased, Independent Financial Advisors Guide, and the Association of Professional Financial Advisors.
There are different types of advisors for specific subjects. These advisors are experts and often practitioners in the same field. Some examples of advisors are financial advisors, insurance advisors, health care advisors and medical advisors.
Madhucon financial advisors
8500
financial advisors
Of course yes.