Financial Advisor with Investment Planning Skills Salary

Commissions comprise a big part of overall income for Financial Advisors with Investment Planning skills. The median take-home amount in this area is around $71K, and on average, just below two-thirds of that final number comes from commissions. Total incomes of Financial Advisors with Investment Planning skills incorporate potential for, in a few cases, more than $36K from bonuses and close to $23K from profit sharing; these performance components cause packages to range between $40K and $185K. Career length is the biggest factor affecting pay for this group, followed by geography and the particular employer. Medical benefits are awarded to most, and a majority earn dental coverage. Male Financial Advisors with Investment Planning skills are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Most Financial Advisors with Investment Planning skills report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.

$32,811 - $133,125
$33K
$58K
$130K
MEDIAN: $57,691
10%
50%
90%

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$11.74 - $35.61
$12
$17
$36
MEDIAN: $17.00
10%
50%
90%

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National 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
$32,811 - $133,125  
   
Bonus
$2,070 - $36,409  
Profit Sharing
$1,595 - $23,270  
Commission
$7,830 - $166,107  
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).
)
$39,785 - $185,161  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 476
National Hourly Rate 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$50$100$150
Hourly Rate
$11.74 - $35.61  
   
Overtime
$34.01  
National Annualized 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$100K$200K$300K
Bonus
$2,070 - $36,409  
   
Commission
$7,830 - $166,107  
Profit Sharing
$1,595 - $23,270  
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).
)
$39,785 - $185,161  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 16

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Popular Employer Salaries for Financial Advisor


Edward Jones, Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Wells Fargo & Co., and Morgan Stanley are top-notch employers for Financial Advisors with Investment Planning skills in this area. J.P. Morgan Chase & Co. (JPMCC) attracts talent by shelling out the biggest paychecks in the area — the median in that office is $106K. The Northwestern Mutual Life Insurance Company, Wells Fargo & Co., and Ameriprise Financial, Inc. also offer top salaries for Financial Advisors with Investment Planning skills. Workers at these firms can expect to earn about $100K, $99K, and $76K, respectively.

Others at the bottom of the scale for this job include Edward Jones at $60K, and Merrill Lynch & Co Inc where $65K is the norm, but it is worth noting that some Financial Advisors with Investment Planning skills there earn up to $116K.

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 $58,000 based on 268 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 $81,000 based on 141 salaries. An experienced Financial Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $102,000 based on 113 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 $141,000 based on 62 salaries.

Pay Difference by Location

National Average: $70,543

Larger city markers indicate a job is popular in that location.

For Financial Advisors with Investment Planning skills, working in the bustling city of Boston has its advantages, including an above-average pay rate. Financial Advisors with Investment Planning skills can also look forward to large paychecks in cities like San Francisco (+31 percent), New York (+28 percent), Chicago (+22 percent), and Cincinnati (+6 percent). Place of residence plays a huge part in a Financial Advisor's salary, with Pittsburgh Financial Advisors with Investment Planning skills earning salaries that are 36 percent less than the national average. Workers in St. Louis and Miami earn salaries that trail the national average for those in this profession (29 percent less and 23 percent less, respectively).

Key Stats for Financial Advisor

Gender

Female
22 %
Male
78 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.
Less than 1 year
7%
1-4 years
39%
5-9 years
23%
10-19 years
19%
20 years or more
13%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Salaries

Late-Career
▲100%

▲45%

▲15%

National Average
$71,000

▼18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
7%
1-4 years
39%
5-9 years
23%
10-19 years
19%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 64%
vision benefits
Vision: 57%
no benefits
None: 18%