12 | CHART 3 Almost one in three advisors (29%) booked over $1 million of travel in 2019, while 39% booked under $ 500k. Among those whose gross sales exceeded $1 million, 26% of advisors sold more than $4 million in 2019. AGENT ANNUAL GROSS SALES ($), 2019 AGENCY ANNUAL GROSS SALES ($), 2019 ADVISOR DEMOGRAPHICS 11% 21% 29% 34% 19% 21% 26% 39% Over $1m $1.0m-$1.49m Under $500k $2.0m-$3.99m $500k - $999k $1.5m-$1.99m Unsure/Undisclosed Over $4m
It is also seen that the number of years in the business directly corresponds to higher sales. Among those with less than 5 years of experience, 42% made annual sales worth less than $500,000 while only 6% made over $1 million. As opposed to this, among advisors with more than 30 years of experience, 44% made annual gross sales worth over a million dollars while only 13% sold less than $500,000. In terms of age, more than half (53%) of the advisors belonged to the 45-65 age group, slightly more than a third (35%) were above 65. CHART 4 | 13 ADVISOR’S AGE ADVISOR DEMOGRAPHICS 12% 53% 35% 18-44 years 45-64 years 65+ years