The average salary for a Financial Advisor is $48,938 per year. The skills that increase pay for this job the most are Portfolio Management, Investment Management, Financial Advisor, Investment Planning, and Sales. People in this job generally don't have more than 20 years' experience. Experience strongly influences income for this job.
Financial Advisor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$26,983 - $115,412
(Median)
27K
49K
71K
120K
MEDIAN: $48,938
10%
50%
75%
90%
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Financial Advisor Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$10.06 - $25.00
(Median)
10
12
15
19
25
MEDIAN: $14.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$26,983 - $115,412  
   
Bonus
$0.00 - $30,111  
Profit Sharing
$985 - $15,152  
Commission
$3,907 - $149,706  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,153 - $150,728  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 3,069
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$10.06 - $25.00  
   
Overtime
$8.30 - $36.15  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$0.00 - $30,111  
   
Commission
$3,907 - $149,706  
Profit Sharing
$985 - $15,152  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,153 - $150,728  
PayScale
Country: United States | Currency: USD | Updated: 17 Apr 2014 | Individuals Reporting: 3,069
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Job Description for Financial Advisor
A financial advisor is in direct contact with clients and helps them determine the best strategies for investments and retirement goals. It is the advisor's responsibility to identify new prospects, as well as to maintain the current list of clients. A person in this position will interview clients to gather financial information such as income, assets, and debt. The advisor will recommend detailed financial plans including but not limited to savings, investments, paying off debts, and retirement. An advisor has typical business hours during the week but might require evening or weekend work depending on clients’ schedules. Financial advisors will have experience in the field or a related field, and will hold a degree in finance from an accredited university, though related degrees such as accounting are usually acceptable with sufficient experience. Knowledge of office equipment such as computers, fax machines, telephones, and calculators is required. As the advisor must cultivate an excellent working relationship with clients to earn their trust, good social skills and confidence are expected as well as the ability to understand what each client expects and what financial risks each client is willing to take. Strong written and oral communication skills are also important. Once hired, the advisor will be expected to maintain a professional demeanor with coworkers and clients in all methods of communication.
Financial Advisor Tasks
  • Recommend and sell financial plans and products that will help meet financial goals.
  • Prospect and maintain clientele.
  • Interview clients and gather information to determine strategies for financial investments.
Popular Skills for Financial Advisor
Pay by Experience Level for Financial Advisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
San Francisco
up arrow 41%
up arrow 31%
up arrow 18%
up arrow 12%
Minneapolis
up arrow 11%
up arrow 3%
Houston
up arrow 2%
Charlotte
up arrow 1%
National Average
$56,000
up arrow 5%
San Antonio
up arrow 5%
Philadelphia
up arrow 9%
San Diego
up arrow 10%
Columbus
up arrow 12%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Financial Advisor Salaries

National Average
$56,000

Skills That Affect Financial Advisor Salaries

Job Satisfaction
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Extremely satisfied
Rated 5 out of 5 based on 659 votes.
Gender
Female
26%
female alumni
 
Male
74%
male alumni
Years of Experience
Less than 1 year
14%
1-4 years
42%
5-9 years
19%
10-19 years
18%
20 years or more
7%
Common Health Benefits
medical benefits Medical: 81% dental benefits Dental: 66%
vision benefits Vision: 50% employee benefits None: 18%
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