How RIA employees get compensated: Schwab survey
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Compensation within roles
Client team and specialized roles have seen a long-term increase in compensation, some more than others.
Total median cash compensation, including owner profit distributions:
Senior Client/Relationship Manager
2015: $202,000
2019: $240,000
Client Account/Relationship Manager
2015: $97,000
2019: $105,000
Client Service Associate
2015: $57,000
2019: $64,000
Financial Planner
2015: $87,000
2019: $95,000
Paraplanner
2015: $60,000
2019: $65,000
Portfolio Administrator
2015: $60,000
2019: $72,000
Operations Director/ Manager
2015: $95,000
2019: $113,000
Chief Compliance Officer
2015: $140,000
2019: $155,000