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Salaries 24.12.24 (Published)

Financial advisor salary

The role of a Financial Advisor in the UK is both pivotal and highly rewarding. As individuals and businesses seek expert guidance in managing their finances, the demand for skilled financial advisors continues to grow. From prestigious firms in London to financial institutions in Manchester and Edinburgh, employers are actively…

Labor Market Analyst

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The role of a Financial Advisor in the UK is both pivotal and highly rewarding. As individuals and businesses seek expert guidance in managing their finances, the demand for skilled financial advisors continues to grow. From prestigious firms in London to financial institutions in Manchester and Edinburgh, employers are actively seeking qualified professionals, offering competitive salaries and excellent opportunities for career progression in this dynamic and influential field.

Financial advisor salary

Base pay £30K – £62K/yr

£43K/yr average base pay

The estimated total pay for a Financial Advisor is £57,572 per year in the London area, with an average salary of £43,465 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is £14,107 per year. Additional pay could include cash bonus, commission, tips, and profit sharing.

The “Most Likely Range” reflects values within the 25th and 75th percentile of all pay data available for this role. Glassdoor salaries are powered by our proprietary machine learning model, which utilises salaries collected from our users and the latest government data to make pay predictions.

based on Glassdoor

What do Financial advisor earn

How much does a Financial advisor make in United Kingdom?

£51,173/yr

Highest paying cities for Financial advisor near United Kingdom

  1. Liverpool £68,927 per year
    31 salaries reported
  2. Cardiff £58,851 per year
    21 salaries reported
  3. London £56,792 per year
    274 salaries reported
  4. Birmingham £56,385 per year
    53 salaries reported
  5. Peterborough £53,514 per year
    8 salaries reported
  6. Leeds £47,489 per year
    106 salaries reported
  7. Leicester £45,592 per year
    42 salaries reported
  8. Bristol £38,312 per year
    61 salaries reported
  9. Blackburn £38,053 per year
    33 salaries reported

based on Indeed

What’s on Quora?

How much do financial advisors get paid?

Top Answer

The three main ways that advisers typically get paid are:

  1. Commissions: I’d beware of commissions. Whenever a commission-based adviser recommends an investment product, you receive a sales charge. These charges can seriously cut into the value of your investments. Also, the companies that own the recommended products sometimes pay the broker’s fees. Commissions can create a serious conflict of interest for advisers, causing them to recommend products that pay them the most.
  2. Fee-only: These advisers get paid an hourly rate, a fixed annual retainer, or a percentage of assets under management. They are not incentivized to sell particular products. If the adviser generates stable returns regardless of market volatility, this is a good option.
  3. Fee-based: These advisers are a combination of the commission and fee-only types. This adviser can sell you investment products and receive a commission. They can also charge you a fee based upon assets under management. This option can carry the same risks as the commission option.
  4. There can be other ‘soft dollar’ arrangements where advisors are not getting actual money from other service providers but other benefits.

The financial advisory industry is heavily regulated and the exact laws on how an advisor can get paid and cannot are very clearly written.

based on Quora

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