As they say in the movies, show me the money. Welcome to the second annual Money Marketing salary survey in association with Hays Recruitment.

This year’s survey saw a huge number of responses, with almost 2,300 advisers completing it. The survey shows that despite turmoil in most of the markets, adviser remuneration is holding up well and if anything is improving for the best qualified and most experienced.

in association with

Our survey suggest that IFAs are still earning more than multitied or tied advisers. Mortgage brokers are still earning the least on average. Those in London and the South-east, as expected, continue to earn the highest salaries on average although there are suggestions that Wales is the highest climber on last year.

Everyone is still working very hard, on average, 10 hours more than they are contracted to do, perhaps a natural consequence of a sector often reliant and driven by bonuses.

Interestingly, there appears to be an acceptance of a move to fees and or customer agreed remuneration, with advisers saying they are prepared to accept a fall in income short term. However, they expect that the current system and a CAR system will eventually reward then at much the same level.

Another interesting point unearthed by the survey is the fact that most advisers are happier as employees rather than in a self-employed environment.

We hope you find out that you are earning more than your peers and if not wish you well in achieving your financial goals as well as all your personal ones in the next 12 months.

Click here to view the Salary Survey 2008 PDF (4.65 Mb)