Employed advisers' earnings last year fell to £63k

Laura Miller
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Employed advisers' total earnings fell to £62,838 last year, from just over £66,000 in 2011, according to research, though this pay level was still higher than for self-employed advisers.

Financial services recruitment firm BWD surveyed 500 sector professionals from financial advisers to broker consultants, paraplanners, sales support and administration staff, and employee benefit consultants in November. The research suggests that overall earnings for the sector - salary, plus bonus - last year were £56,731. Employed financial advisers came in above the average at £62,838, but were trailed by their self-employed counterparts who had total earnings of £60,533, though this was up from below-average earnings of £52,550 in 2011. Earnings for financial advisers were mat...

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