Financial Advisor Assistants in the United States are not likely to strike it rich; they only make around $41K per year on average. Cash earnings for Financial Advisor Assistants — which occasionally include more than $10K from bonuses and more than $11K from profit sharing — stretch from around $29K to approximately $58K. Compensation for this group is mainly affected by geographic location, but career duration and the particular employer are influential factors as well. Most Financial Advisor Assistants survey respondents are women (75 percent). For the most part, Financial Advisor Assistants enjoy their work and report high levels of job satisfaction. Although half have medical coverage and just under a third have dental coverage, one-half claim no health benefits at all. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$30,151 - $59,520
$30K
$41K
$60K
MEDIAN: $41,139
10%
50%
90%

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$12.14 - $21.48
$12
$16
$21
MEDIAN: $16.34
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
$30,151 - $59,520  
   
Bonus
$953 - $9,749  
Profit Sharing
$1,208 - $10,926  
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).
)
$29,074 - $57,586  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 304
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
$12.14 - $21.48  
   
Overtime
$17.71 - $31.71  
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
$953 - $9,749  
   
Commission
$5,500  
Profit Sharing
$1,208 - $10,926  
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).
)
$29,074 - $57,586  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 211

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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


Popular Skills for Financial Advisor Assistant


Financial Advisor Assistants seem to require a rather large skill set. Most notably, facility with Investment Planning, Financial Advisor, and Investment Management are correlated to pay that is significantly above average, leading to increases of 37 percent, 34 percent, and 21 percent, respectively. Skills that pay less than market rate 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.


Workers in their first five years can expect to earn $37K, but people who have been around for five to 10 years earn a noticeably bigger sum of $44K. On average, Financial Advisor Assistants make $49K following one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $47K on average.

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 90 votes.
054
Less than 1 year
5%
1-4 years
54%
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




National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Investment Planning
up arrow 37%

Financial Advisor
up arrow 34%

Investment Management
up arrow 21%

Operations Management
up arrow 17%

Customer Relations
up arrow 16%


Office Management
up arrow 14%





National Average
$40,000


Financial Applications
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
5%
1-4 years
54%
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%
dental benefits
None: 50%
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