Financial Advisor Assistant Salary

Financial Advisor Assistants in the United States earn an average of $41K per year; salaries are particularly strong in New York, where workers earn around $54K. Financial Advisor Assistants will also find cushy salaries in Seattle (+26 percent), Dallas (+20 percent), Minneapolis (+16 percent), and Indianapolis (+9 percent). This overview is based on answers to PayScale's salary questionnaire.
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$29,080 - $57,995

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$11.64 - $21.74

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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
$29,080 - $57,995  
   
Bonus
$480.82 - $10,244  
Profit Sharing
$979 - $16,851  
Commission
$3,052 - $12,101  
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).
)
$27,194 - $59,789  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 273
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$10$20$30
Hourly Rate
$11.64 - $21.74  
   
Overtime
$1.53 - $25.03  
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$20K$40K$60K
Bonus
$480.82 - $10,244  
   
Commission
$3,052 - $12,101  
Profit Sharing
$979 - $16,851  
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).
)
$27,194 - $59,789  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 132
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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


Bringing up the rear, The Northwestern Mutual Life Insurance Company's median pay of $32K is the lowest in town; however, employee salaries widely range, with some making up to $59K.

Popular Skills for Financial Advisor Assistant


Survey results imply that Financial Advisor Assistants deploy a deep pool of skills on the job. Most notably, facility with Investment Planning, Customer Relations, and Operations Management are correlated to pay that is significantly above average, leading to increases of 40 percent, 34 percent, and 27 percent, respectively. 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 who work for 10 to 20 years in their occupation tend to earn about $46K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $43K on average.

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Experience Affects Financial Advisor Assistant Salaries



Late-Career
up arrow 9%

National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Investment Planning
up arrow 40%

Customer Relations
up arrow 34%

Operations Management
up arrow 27%

Investment Management
up arrow 20%

Financial Analysis
up arrow 15%

Office Management
up arrow 15%

Financial Applications
up arrow 13%

Compliance (Financial)
up arrow 6%

Financial Advisor
up arrow 6%

Customer Service
up arrow 3%

Customer Relationship Management (CRM)
up arrow 2%

National Average
$40,000

Client Interaction
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 65 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
5%
1-4 years
54%
5-9 years
22%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 53% dental benefits Dental: 34%
vision benefits Vision: 23% employee benefits None: 44%
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