Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

How will advisers’ salaries change this year?

Robert-Walters/salary/remuneration/recruitment/

17 January 2025
| By Jasmine Siljic |
image
image image
expand image

Recruitment agency Robert Walters has revealed the expected salary ranges for Australian financial advisers in 2025, with one particular state seeing a decline.

The firm’s Salary Guide 2025 assessed the salary ranges for advisers in NSW, Victoria, Queensland and South Australia. Data was unavailable for the remaining states and territories.

It discovered that financial advisers’ salaries in NSW fell from a range of $160,000–$220,000 in 2024 to $120,000–$200,000 in 2025.

Financial planners in Victoria saw a slight increase on the lower end of the range from $120,000–$180,000 in 2024 to $130,000–$180,000 in 2025.

Queensland’s advisers saw a minor increase on the higher end of the range from $130,000–$150,000 last year to $130,000–$165,000 this year.

Meanwhile, financial planners’ pay in South Australia remained unchanged from the previous year at $95,000–$150,000.

State

2024 salary

2025 salary

NSW

$160,000–$220,000

$120,000–$200,000

Victoria

$120,000–$180,000

$130,000–$180,000

Queensland

$130,000–$150,000

$130,000–$165,000

South Australia

$95,000–$150,000

$95,000–$150,000

Source: Robert Walters

Looking at the broader financial services sector, the salary guide stated: “Survey data reveals a strong hiring outlook for 2025, with many businesses in Australia and New Zealand planning to expand their teams.

“However, competition for specialised talent remains high. To secure top professionals, employers are increasingly offering competitive salaries and flexible working arrangements.”

Professionals in the industry place significant value on having a competitive salary and benefits package, opportunities for career advancement and promotion, alongside work/life balance and flexible working arrangements.

Across all Australian markets, 71 per cent of businesses plan to implement salary increases in 2025 and 49 per cent of employers intend to offer bonuses this year.

Research from the Financial Advice Association Australia (FAAA) last year detailed the main avenues for successful advice recruitment.

Surveying its membership, the FAAA said rather than recruitment services or vacancy adverts, there are five channels that members are using successfully for new hires.

These are:

  • Existing networks
  • Word of mouth
  • Profession-specific online forums
  • FAAA careers board
  • Education providers

Recruitment firm people2people recently shared how employers can help their staff thrive in 2025 as well as how to attract new hires. The firm’s recommendations ranged from flexible working to internal promotions and celebrating staff achievements.

Catherine Kennedy, NSW managing director at the firm, remarked: “The 2025 workforce expects more from employers – better pay, robust mental health support, and meaningful development opportunities. Addressing these needs not only attracts top talent but also builds a resilient, engaged workforce ready to navigate future challenges.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 4 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 4 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

2 weeks 5 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 2 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

4 days 19 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3