Financial Advisor Assistant Salary

Median pay for Financial Advisor Assistants in the United States is around $41K per year, but employers in New York offer the biggest paychecks; average compensation in that city is approximately $53K. Financial Advisor Assistants will also find cushy salaries in Seattle (+26 percent), Dallas (+20 percent), Minneapolis (+14 percent), and Indianapolis (+10 percent). This report is based on answers to PayScale's salary questionnaire.
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$29,569 - $58,954
(Median)
$30K
$41K
$59K
MEDIAN: $41,048
10%
50%
90%

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$11.60 - $21.49
(Median)
$12
$16
$21
MEDIAN: $15.00
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$21K$42K$63K
Salary
$29,569 - $58,954  
   
Bonus
$497.49 - $10,130  
Profit Sharing
$1,021 - $16,149  
Commission
$-0.50 - $17,879  
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).
)
$27,954 - $60,209  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 364
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
$11.60 - $21.49  
   
Overtime
$5.82 - $24.74  
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
$497.49 - $10,130  
   
Commission
$-0.50 - $17,879  
Profit Sharing
$1,021 - $16,149  
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).
)
$27,954 - $60,209  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 189
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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

  • Handle financial operational problems, such as issues with statements and transactions.
  • Assist financial advisor with client support and time management.
  • Schedule appointments and assist clients with paperwork.

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 $34K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $27K while workers on the upper end may rake in $58K.

Popular Skills for Financial Advisor Assistant


Survey results imply that Financial Advisor Assistants deploy a substantial tool kit of skills at work. Most notably, facility with Investment Planning, Customer Relations, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 40 percent, 37 percent, and 33 percent, respectively. Skills that pay less than market rate include Financial Applications and Compliance. Most people experienced in Client Interaction also know 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 with one to two decades of relevant experience report an average salary of approximately $47K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $43K by contrast.

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Experience Affects Financial Advisor Assistant Salaries




National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Investment Planning
up arrow 40%

Customer Relations
up arrow 37%

Financial Advisor
up arrow 33%

Financial Analysis
up arrow 25%

Investment Management
up arrow 20%

Operations Management
up arrow 17%

Office Management
up arrow 13%

Financial Reporting
up arrow 7%

Customer Service
up arrow 3%

Customer Relationship Management (CRM)
up arrow 3%

Client Interaction
up arrow 1%

National Average
$40,000

Compliance (Financial)
up arrow 3%

Financial Applications
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
55%
5-9 years
21%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 53%
dental benefits
Dental: 34%
medical benefits
Vision: 23%
dental benefits
None: 45%
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