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Financial Advisor Salary

The average salary for a Financial Advisor is $50,747 per year. The skills that increase pay for this job the most are Portfolio Management, Investment Management, Financial Advisor, and Investment Planning. People in this job generally don't have more than 20 years' experience. Experience strongly influences income for this job.
$28,929 - $123,573
(Median)
29K
51K
78K
120K
MEDIAN: $50,747
10%
50%
75%
90%

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$10.60 - $29.16
(Median)
11
15
20
29
MEDIAN: $15.00
10%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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$70K$140K$210K
Salary
$28,929 - $123,573  
   
Bonus
$0.00 - $29,987  
Profit Sharing
$1,182 - $15,613  
Commission
$3,831 - $199,733  
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).
)
$31,238 - $166,546  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 2,457
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$50$100$150
Hourly Rate
$10.60 - $29.16  
   
Overtime
$7.15 - $34.16  
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$100K$200K$300K
Bonus
$0.00 - $29,987  
   
Commission
$3,831 - $199,733  
Profit Sharing
$1,182 - $15,613  
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).
)
$31,238 - $166,546  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 181
United States (change)

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.

Common Career Paths for Financial Advisor


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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor

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Pay by Experience Level for Financial Advisor

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference by Location

Related Job Salaries

Experience Affects Financial Advisor Salaries




National Average
$60,000


Skills That Affect Financial Advisor Salaries





up arrow 9%

Financial Analysis
up arrow 4%

Customer Relationship Management (CRM)
up arrow 2%

National Average
$60,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 537 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
14%
1-4 years
38%
5-9 years
21%
10-19 years
20%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 66%
vision benefits Vision: 53% employee benefits None: 18%