Few planning bosses making millions

salary-survey/chief-executive/

13 August 2015
| By Staff |
image
image
expand image

Chief executives, managing directors and practice principals in the planning sector also reported relatively modest incomes, with just one in five claiming to take home more than $250,000 a year.

The Money Management Salary Survey found that more than 60 per cent of the industry's top brass reported taking home less than $170,000 a year.

Despite making up almost 30 per cent of all respondents in this group, the survey found that no female chief executive, managing director or practice principal who took part in the survey, claimed an income of more than $220,000 a year. While 19 per cent of male respondents in this group said they earned more than $250,000.

While few chief executives, managing directors and practice principals reported salaries of less than $90,000 (five per cent), the majority reported that they believed a salary of between $90,000 and $170,000 would be fair remuneration for their role.

The survey found that almost a quarter of respondents felt they deserved to be paid in excess of $250,000 per annum, with seven per cent believing a salary of $500,000-plus was justified.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS