Misery Loves Company

Brokers have seen double-digit drops in pay. So have investment product wholesalers. They suffered an average 18.5 percent drop in compensation last year, according to DGL Consultants. Variable annuities wholesalers fared worst, with a 31.9 percent drop in incentive pay. Mutual fund wholesalers incentive pay dropped 14.1 percent. Fund wholesalers earned on average $190,400.

Brokers have seen double-digit drops in pay. So have investment product wholesalers. They suffered an average 18.5 percent drop in compensation last year, according to DGL Consultants. Variable annuities wholesalers fared worst, with a 31.9 percent drop in incentive pay. Mutual fund wholesalers incentive pay dropped 14.1 percent. Fund wholesalers earned on average $190,400.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish