One of the roles that Fidelity offers is that of an investment consultant, who is responsible for providing financial guidance and advice to clients, building and maintaining relationships, and generating sales and revenue for the firm. Investment consultants work in various channels and segments within Fidelity, such as personal investing, workplace investing, institutional investing, and intermediary distribution.

But how much do investment consultants at Fidelity earn? What are the factors that affect their compensation? And how does their pay compare to other similar roles in the industry? In this article, we will try to answer these questions by looking at some data and insights from Glassdoor, a website that collects and analyzes salary information from employees and employers.

Base Pay

According to Glassdoor, the average base pay for an investment consultant at Fidelity Investments is $93,676 per year. This number is based on 1,025 salaries submitted anonymously by Fidelity Investments investment consultant employees or estimated based on statistical methods.

The base pay range for an investment consultant at Fidelity varies depending on the experience level, location, and segment of the employee. For example, the base pay range for an entry-level investment consultant (0-1 years of experience) is $73K – $120K per year, while the base pay range for a senior investment consultant (10-14 years of experience) is $97K – $154K per year.

The location also affects the base pay, as some cities or regions have higher costs of living and demand for talent than others. For instance, the base pay range for an investment consultant in New York City is $84K – $133K per year, while the base pay range for an investment consultant in Dallas is $71K – $113K per year.

The segment or channel that the investment consultant works in also influences the base pay, as some segments have higher revenue potential and growth opportunities than others. For example, the base pay range for an investment consultant in personal investing is $75K – $119K per year, while the base pay range for an investment consultant in institutional investing is $87K – $138K per year.

Additional Pay

In addition to the base pay, investment consultants at Fidelity also receive additional pay in the form of bonus, stock, commission, and profit sharing. These components vary depending on the performance, tenure, and segment of the employee.

According to Glassdoor, the average additional pay for an investment consultant at Fidelity Investments is $92,010 per year. This number is based on 1,025 salaries submitted anonymously by Fidelity Investments investment consultant employees or estimated based on statistical methods.

The additional pay range for an investment consultant at Fidelity varies depending on the type and amount of each component. For example, the bonus range for an investment consultant at Fidelity is $16K – $30K per year, while the stock range is $11K – $20K per year.

The commission range for an investment consultant at Fidelity depends on the sales volume and revenue generated by the employee. The commission range for an investment consultant at Fidelity is $35K – $66K per year

The profit sharing range for an investment consultant at Fidelity depends on the profitability and performance of the firm. The profit sharing range for an investment consultant at Fidelity is $7K – $13K per year.

Total Pay

The total pay for an investment consultant at Fidelity Investments is the sum of the base pay and the additional pay. According to Glassdoor, the average total pay for an investment consultant at Fidelity Investments is $185,686 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

The total pay range for an investment consultant at Fidelity varies depending on the factors mentioned above. The “Most Likely Range” represents values that exist within the 25th and 75th percentile of all pay data available for this role. The most likely total pay range for an investment consultant at Fidelity is $142K – $249K per year.

Comparison with Other Roles

How does the total pay for an investment consultant at Fidelity compare to other similar roles in the industry? To answer this question, we can look at some data from Glassdoor for other financial services firms that offer similar roles.

For example, Merrill Lynch also offers a role of a financial solutions advisor, who is responsible for providing financial guidance and advice to clients, building and maintaining relationships, and generating sales and revenue for the firm. According to Glassdoor, the average total pay for a financial solutions advisor at Merrill Lynch is $129,867 per year. This number is based on 1,011 salaries submitted anonymously by Merrill Lynch financial solutions advisor employees or estimated based on statistical methods.

Another example is Schwab, which also offers a role of a financial consultant, who is responsible for providing financial guidance and advice to clients, building and maintaining relationships, and generating sales and revenue for the firm. According to Glassdoor, the average total pay for a financial consultant at Schwab is $115,903 per year. This number is based on 1,004 salaries submitted anonymously by Schwab financial consultant employees or estimated based on statistical methods.

Based on these data, we can see that the total pay for an investment consultant at Fidelity is higher than the total pay for similar roles at Merrill Lynch and Schwab. This may be due to several reasons, such as the size, reputation, and market share of Fidelity, the different compensation structures and incentives of each firm, and the different segments and channels that each role operates in.

Conclusion

In conclusion, investment consultants at Fidelity Investments earn a competitive and attractive compensation package that consists of base pay and additional pay. The base pay and additional pay vary depending on several factors, such as experience level, location, segment, performance, tenure, and firm profitability. The average total pay for an investment consultant at Fidelity is $185,686 per year, which is higher than the average total pay for similar roles at other financial services firms. Investment consultants at Fidelity enjoy a rewarding career that offers them opportunities to grow their skills, knowledge, and income while helping clients achieve their financial goals.