Financial Advisor Assistant Salary

Financial Advisor Assistants in the United States may have to scrimp and save; the median compensation is $41K per year. Including potential for bonuses and profit sharing — peaking near $9K and $11K, respectively — total cash payment to Financial Advisor Assistants can bottom out near $29K or peak near $57K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by years of experience and the particular employer. Female Financial Advisor Assistants make up most of the survey respondents at 75 percent. Although approximately one-half lack health benefits of any kind, close to one-half do enjoy medical insurance, and just under a third get dental coverage, too. The majority of workers are highly satisfied with their job. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
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$30,238 - $58,862
$30K
$41K
$59K
MEDIAN: $41,206
10%
50%
90%

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$12.23 - $21.15
$12
$16
$21
MEDIAN: $16.30
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$20K$40K$60K
Salary
$30,238 - $58,862  
   
Bonus
$971 - $9,145  
Profit Sharing
$1,200 - $11,000  
Commission
$5,500  
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).
)
$29,187 - $57,038  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 279
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$11$22$33
Hourly Rate
$12.23 - $21.15  
   
Overtime
$18.10 - $31.93  
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$22K$44K$66K
Bonus
$971 - $9,145  
   
Commission
$5,500  
Profit Sharing
$1,200 - $11,000  
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).
)
$29,187 - $57,038  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 203

Find Out Exactly What You Should Be Paid

United States (change)

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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.

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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


The Northwestern Mutual Life Insurance Company is infamous for dishing out the smallest paychecks in the area (the median in that office is $36K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $29K while workers on the upper end may rake in $57K.

Popular Skills for Financial Advisor Assistant


Financial Advisor Assistants report using a deep pool of skills on the job. Most notably, facility with Financial Advisor, Investment Planning, and Investment Management are correlated to pay that is significantly above average, leading to increases of 34 percent, 33 percent, and 22 percent, respectively. Skills that pay less than market rate include Financial Applications and Compliance. Most people skilled in Client Interaction are similarly competent in Customer Relationship Management (CRM).

Pay by Experience Level for Financial Advisor Assistant

Pay by Experience for a Financial Advisor Assistant has a positive trend. An entry-level Financial Advisor Assistant with less than 5 years of experience can expect to earn an average total compensation of $37,000 based on 331 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Advisor Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $44,000 based on 121 salaries. An experienced Financial Advisor Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $48,000 based on 86 salaries. A Financial Advisor Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $49,000 based on 20 salaries.

Pay Difference by Location

National Average: $39,485

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

Home to some of the best pay for Financial Advisor Assistants, Houston offers exceptional salaries, 34 percent above the national average. Financial Advisor Assistants will also find cushy salaries in Seattle (+28 percent), Indianapolis (+27 percent), Dallas (+21 percent), and Minneapolis (+17 percent). Place of residence plays a huge part in a Financial Advisor Assistant's salary, with Denver Financial Advisor Assistants earning salaries that are 20 percent less than the national average. Employers also pay below the national average in Toledo (18 percent lower) and St. Louis (13 percent lower).

Related Job Salaries

Key Stats for Financial Advisor Assistant

Gender

Female
75 %
Male
25 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.
Less than 1 year
5%
1-4 years
55%
5-9 years
20%
10-19 years
16%
20 years or more
4%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Assistant Salaries

▲24%

▲22%

▲10%

National Average
$39,000

▼6%

Skills That Affect Financial Advisor Assistant Salaries

Financial Advisor
▲34%

Investment Planning
▲33%

Investment Management
▲22%

Operations Management
▲18%

Customer Relations
▲17%


Office Management
▲14%




Customer Service
▼0%

National Average
$39,000


Financial Applications
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
5%
1-4 years
55%
5-9 years
20%
10-19 years
16%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 48%
dental benefits
Dental: 30%
vision benefits
Vision: 22%
no benefits
None: 50%