Relationship Manager Salary at Means Wealth Management BETA

How much does a Means Wealth Management Relationship Manager make?

As of December 2024, the average annual salary for a Relationship Manager at Means Wealth Management is $70,543, which translates to approximately $34 per hour. Salaries for Relationship Manager at Means Wealth Management typically range from $62,984 to $77,792, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Means Wealth Management Overview

Website:
meanswealth.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

Means Wealth Management has been serving investor needs since 1935. David G. Means began the business with sound principles. He believed that (in his words) "one should not overreact to good news or bad news. If you study the management of a company, the industry in which it is a part, historical statistics, use your good common sense and be patient, more times than not you will be bountifully rewarded". Further, David Means believed that savings put to work in stocks would provide greater returns if investors used disciplined strategies. Investment strategies like slowly accumulating positions when stocks are down, reinvesting dividend income, dollar-cost-averaging, diversification and contrarianism (buy when others are selling, sell when others are buying) are innate to the "Means philosophy". He believed in fundamental analysis but he knew that irrational forces including fear, greed and ignorance, could affect stock prices in the short run - but over the long run, fundamentals would prevail. As the oldest independent investment firm in Central and Northern Maine, Means Wealth Management has had to adapt to the dynamics of an ever changing market and certainly cannot rest on the laurels of its 75+ years of success. Today, Means Wealth Management uses National Financial Services, LLC as it's Clearing Agency. This relationship has allowed the firm great efficiency in the management of all back-room operations and access to an overwhelming abundance of research information. Yet, it is the conservative investment philosophy and strategies of David G. Means that remain the bedrock foundation on which the firm and its clients continue to prosper.

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What Skills Does a person Need at Means Wealth Management?

At Means Wealth Management, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
  2. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  3. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  4. Scheduling: Scheduling is the process of arranging, controlling and optimizing work and workloads in a production process or manufacturing process.
  5. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

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Check more jobs information at Means Wealth Management

Job Title Average Means Wealth Management Salary Hourly Rate
2 Senior Vice President $162,195 $78
3 Senior Relationship Manager $50,657 $24
4 Financial Advisor $42,122 $20
5 Financial Advisor Associate $40,311 $19
6 Office Manager $63,507 $31
7 Chief Executive Officer $633,773 $305
8 President $633,773 $305

Hourly Pay at Means Wealth Management

The average hourly pay at Means Wealth Management for a Relationship Manager is $34 per hour. The location, department, and job description all have an impact on the typical compensation for Means Wealth Management positions. The pay range and total remuneration for the job title are shown in the table below. Means Wealth Management may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $70,543 look to you?

FAQ about Salary and Jobs at Means Wealth Management

1. How much does Means Wealth Management pay per hour?
The average hourly pay is $34. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Means Wealth Management?
According to the data, the highest approximate salary is about $77,792 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Means Wealth Management?
According to the data, the lowest estimated salary is about $62,984 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.