Owners of financial advisory firms average more than ahalf-million in annual income, new research shows.

This finding is unveiled in the “2015 Adviser Compensation &Staffing Study” conducted by InvestmentNews Research andThe Ensemble Practice. The report examines compensation data from363 advisory firms that supplied financial information for theirorganizations, as well as compensation, staffing, strategy, andmanagement data on their practices.

The report pegs the average, pre-tax annual income for a“typical owner” of a financial advisory firm at $527,000. Thiscompares with $465,000 in in 2013, a 13.3% rise.

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