It may not have been a good year for the stock market, but 2000 produced the sixth consecutive year in which brokers enjoyed a pay boost.

SIA credited the increases to last year’s record trading volume. In 2000, average daily share volume on the three major markets jumped by more than 48 percent. At the same time, the number of financial consultants increased by just 17 percent.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.