“It's good to be boss,” says today's top story from Investment News. “Owners, top advisers see double-digit pay hikes.”
Sure, it’s good to be the boss at an RIA when you’re riding a four-year bull market!
But let’s not forget the pay cuts advisors took in 2008 and 2009, which slashed pay for the very same owners and top advisors by 50% or more.
The IN story does mention that, despite the pay gains, advisors are facing stuiffer competition and they are the people who are at risk in falling markets, but it's worth drillin
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