Wholesaler, Financial Services Salary

Commissions comprise a big part of overall income for Financial Services Wholesalers. The median take-home amount in this area is around $109K, and on average, two in five of that final number comes from commissions. Career duration and the particular city each impact pay for this group, with the former having the largest influence. For the most part, Financial Services Wholesalers enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to almost all, and a fair number earn dental coverage. The vast majority of Financial Services Wholesalers (80 percent) who took the survey are men. This report is based on answers to PayScale's salary questionnaire.
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$49,316 - $122,301
$49K
$74K
$120K
MEDIAN: $74,369
10%
50%
90%

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$0$550K
Salary $49,316 - $122,301
Bonus $1,014 - $98,633
Profit Sharing $10,174
Commission $15,483 - $550,000
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,507 - $279,684
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 46

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United States (change)

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Job Description for Wholesaler, Financial Services

Wholesalers of financial services are responsible for facilitating territorial plans, expanding client list, and meeting financial services objectives on behalf of their company. Some of their main responsibilities include working with other firms to delimit zones and reaching agreements for wholesaling services in certain areas.

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Wholesaler, Financial Services Tasks

  • Develop new and build upon existing relationships with financial advisors/ registered representatives in the Broker Dealer network within their territory.
  • Maintain knowledge of company's business and market performance/position in order to provide guidance to financial advisors/registered representatives related to company's distributed products.
  • Strive to become a knowledgeable resource to the broker dealer network and internal associates on all aspects of the investment industry, competitors, and products available in the market
  • Proactively educate financial advisors/registered representatives regarding company's distributed products and benefits and make recommendations to clients.
  • Provide appropriate guidance to the financial advisors/registered representatives regarding the company's operating results and business strategies.

Wholesaler, Financial Services Job Listings

Pay by Experience Level for Wholesaler, Financial Services

Pay by Experience for a Wholesaler, Financial Services has a positive trend. An entry-level Wholesaler, Financial Services with less than 5 years of experience can expect to earn an average total compensation of $65,000 based on 12 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Wholesaler, Financial Services with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $112,000 based on 14 salaries. An experienced Wholesaler, Financial Services which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $125,000 based on 17 salaries. A Wholesaler, Financial Services with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $289,000 based on 8 salaries.

Related Job Salaries

Key Stats for Wholesaler, Financial Services

Gender

Female
20 %
Male
80 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
2%
1-4 years
19%
5-9 years
21%
10-19 years
43%
20 years or more
15%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Wholesaler, Financial Services Salaries

Late-Career
▲166%

▲15%

▲3%

National Average
$109,000

▼40%

Skills That Affect Wholesaler, Financial Services Salaries

▲12%

National Average
$109,000

▼24%

Marketing Communications
▼34%

Microsoft Word
▼35%


Windows Operating System General Use
▼36%

Market Research
▼37%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
21%
10-19 years
43%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 79%
vision benefits
Vision: 74%
no benefits
None: 8%
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