There seems to be little correlation between satisfaction and production: Advisors earned an average of $548,176 in gross annual production last year and $71.8 million in assets.
Going Going Gone
Overall, 94 percent of advisors say they’re likely to be at their current firm in two years; that number declines at the larger firms. “It’s a great indicator of how they feel about the firm overall—voting with the threat of their feet,” Smith says. But it’s not predictive. “It’s the hardest thing advisors have ever done. Even if they’re a little unhappy, you need that straw to break the camel’s back,” he says.
Next: How Advisors Are Paid