23rd January 2024

Financial Planning: 2023 Salary Insights

Our 2023 ‘Financial Planning: Fascinating Facts and Figures’ salary guide offers invaluable insights for both Financial Planning Business Owners / Directors and Financial Planners.

The data is collated from a number of sources, including our own headhunt data, the FCA and reports such as NextWealth and compares to market intel dating right back to 2012...

 

The guide contains:

 

•                     Salary Information, including average basic and total salary data

•                     Gender Diversity trends

•                     Mergers & Acquisition market information

•                     Financial Advice Market figures 

•                     Recruitment Insights

 

Here is a concise overview of our findings:

 

• Since RDR, 11 years ago, Financial Planner salaries have consistently trended upwards. 2023 sees a rise in basic salary to £79,591 from £74,577 in 2022, a 7% increase.
• In 2023, a significant 52% of Financial Planners received total earnings over £100,000, in contrast to 30% in 2022.
• 2023 marks a historic shift with female Financial Planners, with total earnings more than their male counterparts, averaging £109,569 in contrast to men's £102,421.
• The gender salary gap is narrowing, with females now earning an average basic of £75,750 compared to males at £79,946.

To download the full salary report, please click here

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