Here we go – how much you will actually earn? The pay is great, with starting salaries between £22,000 to £30,000, experienced Financial Advisors bringing in £30,000 to £40,000 and the very highly experienced bringing home a whopping £70,000.
The average UK salary for a financial advisor is £35, 849, which is certainly not to be sniffed at. That’s a great average salary and a career path which should certainly be carefully considered if it hasn’t already drawn you in, which it is bound to have.
You will also be earning commission for each mortgage or policy that you sell. As an IFA, you’ll charge clients a fee, or earn commission from the company who you are selling on behalf of. IFAs typically charge £75 to £250 per hour, which are absolutely amazing hourly rates.
These figures are as a guide only.