We have been compiling our data for the current Financial Year to try and create an accurate salary guide in the South Australian market.
Please reach out to Simon Winston for an in-depth consultation about your own career.
Associate Financial Planners and Paraplanners
There has been little movement in salaries for Associates and Paraplanners on the face of it. The day to day take home is similar to last year but Professional Year offerings have been an added incentive for individuals looking to progress in their careers. We've also seen more Paraplanners achieve bonuses.
Financial Planners
Salaries have levelled out in comparison to the previous year. We have still seen some eye watering figures...$200k + a sign on bonus! It's important to remember only 1 or 2 individuals in SA achieve these figures, and there are huge expectations for signing such agreements.
A good friend of mine who is a Financial Planner in Adelaide accepted a lower salary, but has a great commission structure based on revenue and compliance targets, this person clears $200k per annum with ease. There are plenty of ways to achieve an attractive salary package.
With complete transparency, average salaries for experienced advisers is somewhere between $100,000 - $125,000 + super.
2022 Winners!
Client Service Officers/Managers. For a long time you've felt under appreciated, now is your time to shine!!
Fresh out of university with a degree? Every placement this year has been above $60,000 + super. 2 years ago you would be coming in at $40-$45k.We've also seen Degree Qualified individuals with less than 12 months experience take home $70,000 + super, and also have further studied paid for.
More experienced CSM's are asking for and now accepting offers over $80k.
It's a promising time to join the industry!
Feel free to share with your peers.
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