Wholesaler, Financial Services Salary

Annual compensation for Financial Services Wholesalers is typically heavily supplemented by bonuses and commissions and totals around $89K (including $64K from bonuses and commissions). In the world of Financial Services Wholesalers, total cash compensation can vary between $49K and $261K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $101K and $51K, respectively. Career length is the biggest factor affecting pay for this group, followed by geography. Most Financial Services Wholesalers survey respondents are men (70 percent). Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction is high and work is enjoyable for most Financial Services Wholesalers. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$40,430 - $124,369
(Median)
$40K
$62K
$120K
MEDIAN: $61,869
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$40,430 - $124,369  
   
Bonus
$2,409 - $101,014  
Profit Sharing
$402.68 - $50,684  
Commission
$12,000 - $245,659  
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).
)
$48,861 - $261,145  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 161
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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

  • 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.
  • Grow company's market share within the territory through consultation with financial advisors/registered representatives on company's products.
  • 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.

Wholesaler, Financial Services Job Listings

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Pay by Experience Level for Wholesaler, Financial Services

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Financial Services Wholesalers who reported more years of relevant experience also reported higher earnings. The average inexperienced worker's salary is approximately $66K, and people with five to 10 years of experience bring in more at around $89K on average. Six-figure salaries surface after one to two decades on the job — experienced professionals in this group reap a six-figure median of $141K. People who have worked for more than 20 years report a median income of $165K, which is barely higher than the median for folks with 10 to 20 years of experience.

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Experience Affects Wholesaler, Financial Services Salaries

Late-Career
up arrow 85%

Experienced
up arrow 58%


National Average
$89,000


Skills That Affect Wholesaler, Financial Services Salaries

up arrow 22%

National Average
$89,000

Powerpoint
up arrow 7%

Marketing Communications
up arrow 20%

Microsoft Word
up arrow 20%

Windows Operating System General Use
up arrow 21%

Microsoft Office
up arrow 22%

Market Research
up arrow 23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
1%
1-4 years
25%
5-9 years
30%
10-19 years
32%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 87%
medical benefits
Vision: 72%
dental benefits
None: 3%
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