Elite registered investment advisors have achieved near-equal compensation with top-earning wirehouse advisors, according to research from Sanctuary Wealth Advisors.
When measuring advisor compensation before recruiting bonuses, wirehouse brokers that Sanctuary Wealth Advisors surveyed earned about $1.1 million from their firms between 2009 and 2011, compared with elite independent wealth advisors, who received an average of $800,000 from their practices. Total compensation for brokers, including $666,181 for amortization of recruiting bonuses, was $1.6 million, according to the study.
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