Financial Advisor Assistant Salary
Job Description for Financial Advisor Assistant
A financial advisor assistant is generally tasked with assisting a financial advisor with administering all aspects of client accounts. The assistant is generally the first person to interact with clients when they call, email, or come into the office. The financial advisor assistant normally works closely with one financial advisor, but they also assist other financial advisors and have frequent, extensive contact with customers. The assistant must warmly greet clients and prospective clients who enter the office, as well as handle the financial advisor's appointment calendar, accept incoming calls, and make outgoing calls. Additionally, they handle email and mail correspondence, input transactions for client accounts, and monitor client files for compliance with various regulations. More experienced assistants may make investment recommendations and eventually transition into a financial advisor position.Read More...
Financial advisor assistants generally work in an office environment during regular business hours. In some cases, the assistant's hours are timed to coincide with the stock market opening, which could result in early morning hours depending on the time zone.
Required qualifications for this position vary by organization and opening. Some organizations require a two- or four-year college degree in business or finance; most at least prefer a degree. Experience in the financial service industry is highly desired, and marketing or public relations experience may also be helpful. A working knowledge of financial products is essential; securities and insurance licenses are highly desirable.
Financial Advisor Assistant Tasks
- Schedule appointments and assist clients with paperwork.
- Assist financial advisor with client support and time management.
- Handle financial operational problems, such as issues with statements and transactions.
Financial Advisor Assistant Job Listings
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Popular Employer Salaries for Financial Advisor Assistant
Popular Skills for Financial Advisor Assistant
Survey participants wield an impressively varied skill set on the job. Most notably, facility with Customer Relations, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 35 percent, 34 percent, and 33 percent, respectively. Skills that seem to negatively impact pay include Financial Applications and Compliance. Those educated in Client Interaction tend to be well versed in Customer Relationship Management (CRM).
Pay by Experience Level for Financial Advisor Assistant
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Those in the early stages of their career can expect to make around $38K; however, individuals with five to 10 years of experience bring in $44K on average — a distinctly larger sum. Financial Advisor Assistants who work for 10 to 20 years in their occupation tend to earn about $48K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $45K.
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