The salary range for investment advisors in Wellington provides helpful benchmarks for financial advisory professionals. With median pay around NZ$90,000, top advisors can earn over NZ$200,000 annually. Understanding earning potential helps advisors evaluate career options and negotiate compensation. This article examines data on base pay, bonuses, experience levels and firm types to offer a detailed look at Wellington investment advisor salaries.
Median Wellington investment advisor salary is NZ$90,000, with wide range up to NZ$200,000+
According to PayScale data, the median salary for investment advisors in Wellington is NZ$90,000. The pay range spans from NZ$55,000 at lower levels up to NZ$200,000+ for top earners with substantial experience and assets under management. Pay tends to increase with years on the job, firm size and reputation, and production goals met.
Bonuses can add 10-20% or more for top Wellington advisors
Many Wellington investment advisory firms pay bonuses based on reaching goals for assets under management and revenue. According to CareerJunction, bonuses at leading firms like Forsyth Barr range from 10-20% of base pay. Top advisors who far surpass targets can earn much higher bonuses.
Wellington advisors at wirehouses earn $100,000+, up to $300,000 for elite performers
Major Wall Street wirehouses operate in Wellington, including Merrill Lynch, Morgan Stanley, and UBS. Advisory salaries at these firms tend to start around NZ$100,000, extending up to NZ$300,000+ for elite advisors with large books of business. Wirehouses incentivize revenue production via upfront bonuses and backend payouts.
Independent RIAs pay experienced Wellington advisors $150,000 to $250,000+
Leading independent RIAs in Wellington recruit veteran advisors with large client bases by offering lucrative deals. According to NewsHub, experienced advisors can earn NZ$150,000 to NZ$250,000+ at independent firms. Significant ownership equity opportunities provide further upside for rainmakers.
CFP certification boosts Wellington financial advisor pay
Obtaining the CFP mark signifies advanced expertise and opens doors to higher pay. On average CFP advisors earn 12-15% more according to Intelligent Office. The median salary for CFP advisors in Wellington is over NZ$100,000 according to recruitment firms.
Wellington investment advisors can earn lucrative salaries, with median pay of NZ$90,000 and top earners making NZ$200,000 or more. Experience, performance, and credentials drive the upper range of advisor salaries at leading financial firms in Wellington.