Posted July 29, 2018 11:16:52 A financial advisor is paid by clients who invest in a fund or a mutual fund, rather than a firm.
They can earn a salary in the billions of dollars per year.
Most are still earning those salaries, though, with some still making $1,000,000 per year to $2,000.
What makes this so important is that financial advice is becoming so popular.
According to the latest figures from the U.S. Department of Labor, the average American receives an average of $3,300 per month in fees.
Those fees pay for many things, from the cost of paying a lawyer, to the cost to hire an accountant to handle the taxes.
And, of course, the fees for those who work in financial advising are still going up.
The top-earning financial advisers in 2017, according to data compiled by the Center for Responsive Politics, are the likes of Jamie Dimon, the CEO of JPMorgan Chase and Citigroup, and David Tepper, the former CEO of Wells Fargo.
The highest-earners are not necessarily the top financial advisers.
Among the top 5 percent of the country’s financial advisors, only two are paid more than $1.4 million per year in 2017.
These are Jamie Dimons and David’s son, James.
Jamie Dimock is a major investor in several hedge funds, including one of the biggest funds in the world, BlackRock.
He earned $1 billion in 2016 alone, and is still making over $2 million per month.
David Teppers, who heads up the New York investment firm Blackstone Group, is also among the wealthiest men in the country.
He has earned over $1 Billion in his career.
His net worth is estimated at over $40 billion.
In 2016, David Teffer earned an estimated $6.4 billion in fees, and he is the fifth-richest man in America, according the Federal Reserve Bank of New York.
But it is Jamie Dimson who has earned the lion’s share of the attention.
He was the CEO and chairman of Goldman Sachs Group Inc., which is one of America’s largest financial services firms.
At Goldman Sachs, Dimson is responsible for the day-to-day operations of the firm, and for managing billions of the bank’s clients’ money.
In 2015, the New Yorker magazine ranked him as the ninth-richer in the United States, behind only Warren Buffet, Stephen Schwarzman, and Carlos Slim.
He is also one of Goldman’s largest shareholders.
The Wall Street Journal’s ranking of the top 100 financial advisors in the U, S., and D.C. also ranked him number nine.
His total compensation is nearly $1 Million per Year.
Dimson’s wealth has increased so much that his company has recently become a private equity firm, the largest of which is called CIM Group.
It has an estimated value of $7 billion.
CIM is owned by Dimson, who is also a member of the board.
Among CIM’s employees are executives at Goldman, JP Morgan Chase, and Morgan Stanley, as well as executives at Deutsche Bank AG and Deutsche Bank Securities AG.
Dimons wealth is also increasing.
His fortune increased $3.3 billion in 2017 to $26.2 billion, according in Forbes magazine.
That is a nearly $3 billion increase in the past year.
His stock holdings have grown as well, and in 2016 he received a $2.8 billion dividend from his company, according Forbes.
David’s net worth grew by another $3 Billion to $23.6 billion in 2020, according his Forbes estimate.
His family has also grown considerably.
His father is the CEO at JP Morgan, and his mother is the president and chief executive officer of Morgan Stanley.
In 2020, he earned an average annual income of $1M per year, according a Forbes estimate, and according to Forbes he is worth an estimated worth of $26 billion.
He also has several siblings, including his twin sister, Mary.
The Dimons have also started their own investment fund.
They have named the fund, the D.P. Investments, after their late father.
In 2017, the fund generated $1B in revenues, according CNBC.
It also has a $25 billion market cap.
Other than David Teppel, the Dimons are the only ones in the financial industry who make more than a million dollars a year.
The median annual income for financial advisors is $1-million per year per advisor, according research firm Zillow.
And while financial advisors can earn millions of dollars, the pay is not always as good.
A financial analyst at a firm called SAC Capital has a reported salary of $900,000 a year, the most of any analyst in the industry, according Zillows research.
But that number includes consulting work and consulting fees, so it does not include