What is the highest paid financial advisor?
What is the highest paid financial advisor?
| Advisor | Firm | Rank 2019 |
|---|---|---|
| Lyon Polk | Morgan Stanley PWM, New York | 1 |
| Gregory Vaughan | Morgan Stanley PWM, Menlo Park, Calif. | 2 |
| Andy Chase | Morgan Stanley PWM, Menlo Park, Calif. | 3 |
| Mark T. Curtis | Morgan Stanley Graystone, Palo Alto, Calif. | 4 |
Who is the youngest financial advisor?
Then there’s Andrew Damcevski. Damcevski, 24, is among the youngest planners in America with a CFP designation. He became a certified financial planner in March 2017 and co-founded a fee-only practice the following month. As you might guess, Damcevski got an early start.
Are financial Advisors declining?
After several years of flat growth, Cerulli projects that advisor headcount will decline beginning in 2022. nearly 103,000 advisors will retire in the next decade, representing nearly 40% of industry advisor headcount.
What company has best financial advisors?
More from FA 100:
| 2021 RANK | FIRM | 2019 RANK |
|---|---|---|
| 1 | Dana Investment Advisors | 3 |
| 2 | Salem Investment Counselors | 1 |
| 3 | NewSouth Capital Management | 6 |
| 4 | Check Capital Management | 52 |
What is the annual salary for a financial advisor?
87,850 USD (2019)
89,160 USD (2015)
Financial adviser/Median pay (annual)
How old is the average financial advisor?
and 55 years
According to various studies and publications, the average age of financial advisors is somewhere between 51 and 55 years, with 38% expecting to retire in the next 10-years.
What age do people become financial advisors?
According to a 2019 J.D. Power study, the average age of financial advisors are 55 years old; 20% of financial advisors are 65 and older. Only about 10% of advisors are under 35, says Cerulli Associates, and efforts to recruit younger advisors haven’t produced their intended results.
How many financial advisors will retire in the next 10 years?
About 40% of financial advisors plan to retire within the next 10 years, according to Cerulli Associates, a provider of data and research on the financial services industry.
