Pay levels across a variety of industry positions have increased steadily in recent years according to The 2015 FA Insight Study of Advisory Firms: People and Pay
The recently released study finds that for the great majority of industry positions compensation growth exceeded average U.S. pay growth over the 2009-2015 period. A more rapid rise in advisory firm revenue relative to compensation levels, however, has helped to increase profits and counter any squeeze on margins due to rising labor costs
The following slides show trends in annual cash compensation for four common advisory firm positions over the past six years. Two of these are key advisory positions---lead advisor and associate advisor. Two are increasingly important non-advisory positionschief operating officer and office manager.
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