Wanderlust World Wanderlust World Financial consultant and advisor compensation in Utah varies significantly by experience, firm type, compensation model, and client base. Based on aggregated data (Glassdoor, Indeed, Payscale, Bureau of Labor Statistics, industry surveys), here are 2024 ranges.
| Experience Level | Base Salary | Variable (Bonus/Commission) | Total Cash | Equity/Benefits |
|---|---|---|---|---|
| Entry (0–2 yr) | $45K–$65K | $5K–$20K | $50K–$85K | 401(k) match, health, study support |
| Mid (3–7 yr) | $70K–$110K | $20K–$80K | $90K–$190K | Profit sharing, carry (RIAs) |
| Senior (8+ yr) | $100K–$160K | $50K–$200K+ | $150K–$360K+ | Partnership track, equity, deferred comp |
| Channel | Typical Model | Median Total (Mid-Career) | Top 10% |
|---|---|---|---|
| Wirehouse (Morgan Stanley, UBS, Merrill) | Salary + grid commission | $140K | $400K+ |
| Regional Broker-Dealer (Raymond James, Stifel) | Salary + higher grid | $130K | $350K+ |
| Independent RIA | AUM fee (0.5–1.25%) | $120K | $500K+ |
| Bank/Trust Wealth Mgmt | Salary + bonus | $110K | $220K |
| Insurance/BD Hybrid | Commission-heavy | $90K | $300K+ |
| Robo-hybrid / FinTech | Salary + RSU | $130K | $250K |
Utah's growing wealth management sector offers strong upside for advisors building books in a business-friendly, high-savings-rate state.