Financial Advisor with Investment Planning Skills Salary
Commissions form a big slice (just below two-thirds) of total compensation for Financial Advisors with Investment Planning skills. The median income in this area hovers around $73K. Final cash compensation to Financial Advisors with Investment Planning skills varies from around $41K to approximately $189K; choice pay grades include potential for bonuses and profit sharing as high as $39K and $28K, respectively. The most influential factor affecting pay for this group is experience level, though the company and geographic location have a (lesser) impact as well. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to more than half. Men account for the majority of Financial Advisors with Investment Planning skills who responded to the questionnaire — 81 percent to be exact. Most Financial Advisors with Investment Planning skills like their work and job satisfaction is high. This snapshot results from replies to PayScale's salary survey.
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Popular Employer Salaries for Financial Advisor
Financial Advisors with Investment Planning skills fill the offices of leading firms Merrill Lynch & Co Inc, Edward Jones, Ameriprise Financial, Inc., Morgan Stanley, and Wells Fargo & Co. Those at J.P. Morgan Chase & Co. (JPMCC) can expect to make the most, with the company offering a median salary of $106K. Other big spenders include Wells Fargo & Co., Ameriprise Financial, Inc., and Morgan Stanley, top-paying firms where Financial Advisors with Investment Planning skills see paychecks nearing $99K, $74K, or $72K.
Other low-paying employers include AXA Advisors LLC at $56K and Edward Jones at $64K, though some Financial Advisors with Investment Planning skills there earn up to $230K.
Pay by Experience Level for Financial Advisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Financial Advisors with Investment Planning skills, more experience generally translates to higher pay. Although individuals who have less than five years' experience earn $59K on average, people with five to 10 years benefit from a notably larger average of $81K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $111K on average. People who have worked for more than 20 years report a median income of $144K, which is barely higher than the median for folks with 10 to 20 years of experience.