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Salary Range for RIA

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Jun 14, 2006 12:08 am

tentative

Joined: 2006-05-03Offline

My anniversary is coming up and I’m curious if anyone knows a range of a support advisor/level three advisor.  I am the first line of contact for existing clients, but I haven’t pulled any clients onboard.  My firm is an RIA, with approximately $400 million AUM.  I saw a publication done by Schwab on RIAs, and it appears that support advisors (no client contact) pull in on average a $64K base.  Does that sound right?

Jun 14, 2006 1:09 am

bankrep1

Joined: 2004-12-02Offline

If you do not bring in business I do not see any reason to pay you more than 50K.  That is just my opinion.

Jun 15, 2006 2:52 am

lostintexas

Joined: 2006-06-06Offline

That’s likely to vary considerably based on location.  I know support positions here in TX pay a fraction of what they do in NYC or CA.