How much do Associate Wealth Advisors make in Canada?
The average salary for Financial Advisor Associate is $54,775 per year in the Canada.
The average salary for Wealth Advisor is $80,755 per year in the Canada. The average additional cash compensation for a Wealth Advisor in the Canada is $17,966, with a range from $5,324 - $60,624. Salaries estimates are based on 25 salaries submitted anonymously to Glassdoor by Wealth Advisor employees in Canada.
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $74,000 | $36 |
| 75th Percentile | $64,500 | $31 |
| Average | $58,072 | $28 |
| 25th Percentile | $50,000 | $24 |
The average salary for Associate Investment Advisor is $79,765 per year in the Canada.
The average associate salary in Canada is $35,100 per year or $18 per hour.
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $120,593 | $58 |
| 75th Percentile | $100,494 | $48 |
| Average | $86,088 | $41 |
| 25th Percentile | $51,252 | $25 |
The demand for financial advisory services in Canada is driven by the growing number of high-net-worth individuals seeking personalized investment strategies.
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $140,000 | $11,666 |
| 75th Percentile | $123,500 | $10,291 |
| Average | $103,080 | $8,590 |
| 25th Percentile | $83,500 | $6,958 |
| 1 | Ameriprise | $135,248 |
|---|---|---|
| 2 | Regions Financial | $121,001 |
| 3 | U.S. Bank | $118,210 |
| 4 | BMO Financial Group | $113,737 |
| 5 | Goldman Sachs | $110,902 |
The average senior wealth advisor salary in Canada is $100,000 per year or $51.28 per hour.
How much does an Associate advisor earn in Ontario?
How much does an Associate Financial Advisor make in Ontario? As of Mar 31, 2024, the average annual pay for an Associate Financial Advisor in Ontario is $66,389 a year. Just in case you need a simple salary calculator, that works out to be approximately $31.92 an hour.
an hourly fee if they help you create a financial plan. a commission or a trading fee if they buy a stock for you. a percentage based on the value of the assets they manage for you, also called management expense ratio.
The average salary for Associate Investment Advisor is $80,026 per year in the Toronto, ON. The average additional cash compensation for a Associate Investment Advisor in the Toronto, ON is $14,835, with a range from $6,150 - $35,783.
Base pay is an employee's standard pay rate, which does not include benefits, bonuses, raises, or other compensation. Base pay can be expressed as an hourly rate or as an annual salary.
McKinsey Associate Management Consultant Salary in Canada | $147K-$209K+ | Levels.
The estimated total pay range for a Deals Associate at PwC is $56K–$61K per year, which includes base salary and additional pay. The average Deals Associate base salary at PwC is $58K per year. The average additional pay is $0 per year, which could include cash bonus, stock, commission, profit sharing or tips.
The average salary for Financial Advisor is $60,469 per year in the Montreal, QC.
Becoming a successful financial advisor demands a considerable amount of hard work and dedication. In the initial stages of your career, you'll need to put in long hours to establish your practice and build a solid client base.
A financial advisor is worth paying for if they provide help you need, whether because you don't have the time or financial acumen or you simply don't want to deal with your finances. An advisor may be especially valuable if you have complicated finances that would benefit from professional help.
The financial services sector in Canada comprises many roles related to the fields of accounting, insurance, and investment. In March 2020, The Conference Board of Canada released a report which highlighted Toronto as the second-largest financial centre in North America and the seventh-largest globally, in employment.
What is the average age of financial advisors in Canada?
Another is the rising average age of financial advisors and the growing need to attract new talent to the industry. According to Investment Executive's 2022 Brokerage Report Card, the average age of an investment advisor in Canada is 50.6, up from 49.2 in 2014.
The average salary for Finance is $75,200 per year in the Canada.
With AUM of $1 billion, a management fee of 0.5% and commission at 50%, the compensation for the manager would be $2.5 million.
Total compensation, including bonuses, may range from $250,000 to over $1 million annually for top performers. Key factors that influence wealth manager pay at national firms include: Book size - The total assets under management (AUM) brought in by the advisor. Revenue generated - Commissions, fees, interest income.
Total Salary Range for Goldman Sachs Vice President
The estimated total pay range for a Vice President at Goldman Sachs is $202K–$298K per year, which includes base salary and additional pay. The average Vice President base salary at Goldman Sachs is $189K per year.
