Adviser earnings rise 14.9% but gender gap persists

BWD census reveals gender gap of 28% in the advice profession

Sahar Nazir
clock • 1 min read

Adviser earnings have increased by 14.9%, reaching an average £95,754, with the majority reporting a “positive outlook on the future”.

This is according to the recent BWD census which collected information from respondents between December 2022 and January 2023 including data on salaries, bonuses, and benefits for the current and previous years. Employed earnings for financial advisers and planners are currently at almost £96,000, up from £83,000 the previous year. However, the research highlighted an overall gender gap of 28% in the advice profession. Women account for 18% of advisers. Of those advisers questioned, 81% were male and 18% were female. The pay gap stands at 13% whilst the bonus gap is at 106% wit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Andrew Goodwin: It's time for advisers to think differently about innovation

Andrew Goodwin: It's time for advisers to think differently about innovation

'Ours is still a profession that rightly places enormous emphasis on the human touch, relationships and trust'

Andrew Goodwin
clock 04 July 2025 • 4 min read
Altus' Holford urges advisers to reframe concept of advice gap

Altus' Holford urges advisers to reframe concept of advice gap

Traditional models of value, service and delivery are being challenged

Sahar Nazir
clock 04 July 2025 • 2 min read
PA Asks: Do you keep in touch with clients when on holiday?

PA Asks: Do you keep in touch with clients when on holiday?

Plus, targeted support worries and BDMs

Professional Adviser
clock 04 July 2025 • 1 min read