Get in touch

0345 375 1747

Your guide to wealth management salaries

The investment and wealth management industry has experienced rapid change in the past year. Brexit, the pandemic, changes in investor behaviour, regulatory demands and technological advancement have all created challenges, opportunities and complexities that have echoed throughout the hiring market. Many organisations recognise that talented and highly skilled employees are going to be the solution to the challenges ahead and have enhanced their recruitment strategies in a race to secure permanent positions and highly-qualified contingent staff.


While there continues to be a net shortage of highly-skilled financial and wealth management professionals, movement exists as candidates look to leverage the changing landscape and enhance their career prospects. This has resulted in increasingly competitive employee compensation packages as top talent is looking for more from their employers than ever before, which presents you with the ideal opportunity to enhance your company culture.


Top candidates are looking for:


  • Attractive bonus structures
  • Flexible working opportunities
  • Employers who are innovative
  • Forward-thinking technology and processes
  • An employer with good corporate social responsibility ideals


The Heat Recruitment Financial Services Salary Survey is your definitive guide to wealth management salary trends across the UK. From paraplanner salaries through to mortgage advisor pay, our research is based on industry trends and the thousands of recruitment and job searches performed each year. We hope you will find this information insightful as your look to create a competitive and attractive salary package to attract the wealth management talent you need to enable business growth.


We hope you will enjoy our Salary Survey, and if you would like us to provide further market analysis and create a bespoke hiring strategy and salary benchmarks for your upcoming strategic hires, please get in touch


Finance administrator salaries, including financial planning administration manager and IFA administrator salaries are increasing due to a shortage of technical people in more senior roles. IFA administrators are taking this opportunity to forge new career paths.



Average paraplanner salaries are increasing and those with a level 4 diploma are seeing higher-than-average pay rises. Paraplanning managers with experience hiring and managing staff are particularly in demand.


Financial Advisors

IFAs are in strong demand as companies are challenged to find talent with the ability to maintain and grow a good book of business. Financial advisor salaries for the most sought-after candidates are increasing both in London and across the UK.



Financial Planning Analyst

Financial market fluctuations are prompting firms to seek additional analysis to manage fund performance. Financial planning analyst salaries are increasing as companies seek to enhance financial performance through the analysis of financial results, forecasts, variances and trends.


IFA Sales Manager

Salaries for IFA sales managers vary widely for London-based professionals compared to the rest of England – as much as 30-35% higher. This salary variance is making it increasingly challenging for regional firms to attract the talent they need to meet demand. Companies that offer a range of financial and non-financial perks, including above-average IFA sales manager salaries are best positioned to recruit and retain staff.



Salaries for pension administrators are increasing to meet rising demand as companies seek talent with excellent analytical skills and communication abilities. The talent shortage will continue as companies enhance their technology, requiring even more strategic insight and resulting in further increases to pension administrator salaries.


Employee Benefits Administrator

UK-wide talent shortages are prompting companies to enhance their employer value proposition, often leading to a wider range of benefits whilst managing costs and a changing regulatory environment. As roles become more complex, employee benefits administrator salaries are increasing, with candidates possessing deep benefits knowledge seeing the highest pay rises.


Mortgage Finance

An increasingly digital mortgage industry and ongoing regulatory change has created an increasingly complex environment requiring skilled mortgage administrators and brokers. The resulting talent shortage has prompted mortgage broker and mortgage advisor salaries to see strong year-on-year gains across the UK.



Ongoing regulatory requirements facing financial firms are creating steady demand for compliance professionals, with companies challenged in keeping pace with salary expectations for the most in-demand professionals. The personal responsibility stipulations under the Senior Managers Compliance Regime (SMCR) have resulted in higher compliance salary expectations to offset the amount of risk they undertake.


Learning and Development

Learning and development salaries within the compliance department as well as within wider business-wide training initiatives are remaining steady, with many businesses recognising the value that L&D plays in wider employee development and retention; but remaining cautious and somewhat hesitant in over-investing in these areas. Many businesses that once outsourced learning and development have brought this in-house, resulting in increased hiring for some SME businesses.


Download Report

Get the latest salary information to benchmark compensation for your team

Submit a vacancy

Discover the best talent within the financial services industry