Can financial advisor make you rich?
If an advisor works with a client who has $500,000 to invest, they could make up to $10,000 in revenue from a single client. The advisor could make 25 times more money working with a client with $500,000 than a client with $19,000.
What percentage of financial advisors are successful?
In fact, the success rate in the financial services industry hovers around 12%. Its hard. And if you arent good at it, or you dont have a good network of people to start off with, it only gets worse.
How much do financial advisors make a month?
How Much Do Financial Advisor Jobs Pay per Hour?Annual SalaryMonthly PayTop Earners$100,000$8,33375th Percentile$81,000$6,750Average$70,482$5,87325th Percentile$45,000$3,750
How much does a financial advisor make at Merrill Lynch?
Salary Ranges for Merrill Lynch Financial Advisors The salaries of Merrill Lynch Financial Advisors in the US range from $18,640 to $498,664 , with a median salary of $89,683 . The middle 57% of Merrill Lynch Financial Advisors makes between $89,683 and $225,376, with the top 86% making $498,664.