Financial Advisor in Los Angeles Salary

A big portion of take-home pay for Financial Advisors in Los Angeles — just over two-fifths, in fact — arrives through commissions. This profession's median overall income is approximately $73K. Most Financial Advisors in Los Angeles, Calif. are fairly content with their jobs, and work satisfaction falls in line with the national average. Although a strong majority have medical coverage and the larger part have dental coverage, somewhere between a fifth and a fourth claim no health benefits at all. Making up 71 percent of those who took the survey, male Los Angeles Financial Advisors greatly outnumber their female counterparts. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$39,866 - $169,677
$40K
$65K
$170K
MEDIAN: $64,618
10%
50%
90%

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Local Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Salary
$39,866 - $169,677  
   
Bonus
$1,030 - $72,719  
Profit Sharing
$6,000  
Commission
$32,500  
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).
)
$41,801 - $202,528  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 33

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About Los Angeles, California

Los Angeles County, California
3,971,896
Male:
1,958,998 (49.3%)
Female:
2,012,898 (50.7%)
Los Angeles (/lɒs ˈændʒəlᵻs/, Spanish for "The Angels"), officially the City of Los Angeles and often known by its initials L.A., is the second-most populous city in the United States after New York City, the most populous city in California, and the county seat of Los Angeles County. Situated in Southern California, Los Angeles is known for its mediterranean climate, ethnic diversity, sprawling metropolis, and as a major center of the American entertainment industry. Los Angeles lies in a large coastal basin surrounded on three sides by mountains reaching up to and over 10,000 feet (3,000 m). Historically home to the Chumash and Tongva, Los Angeles was claimed by Juan Rodríguez Cabrillo for Spain in 1542 along with the rest of what would become Alta California. The city was officially founded on September 4, 1781, by Spanish governor Felipe de Neve. It became a part of Mexico in 1821 following the Mexican...
Los Angeles:
$52,024
California:
$64,500
$1,271
Los Angeles:
$542,100
California:
$449,100
4.8%

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Pay by Experience Level for Financial Advisor

Pay by Experience for a Financial Advisor has a positive trend. An entry-level Financial Advisor with less than 5 years of experience can expect to earn an average total compensation of $63,000 based on 18 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $94,000 based on 15 salaries. An experienced Financial Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $80,000 based on 11 salaries. A Financial Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 5 salaries.

Key Stats for Financial Advisor

Gender

Female
29 %
Male
71 %
Less than 1 year
8%
1-4 years
44%
5-9 years
6%
10-19 years
28%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Salaries

Late-Career
▲36%

Mid-Career
▲28%

Experienced
▲9%

National Average
$73,000

▼14%

Skills That Affect Financial Advisor Salaries

Portfolio Management
▲226%

Client Interaction
▲12%


Investment Planning
▲2%

Sales
▲1%

National Average
$73,000

Investment Management
▼1%

Customer Relationship Management (CRM)
▼16%

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
8%
1-4 years
44%
5-9 years
6%
10-19 years
28%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 61%
vision benefits
Vision: 56%
no benefits
None: 22%
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