Financial Advisor Assistant Salary

Financial Advisor Assistants in the United States may have to scrimp and save; the median compensation is $42K annually. In the world of Financial Advisor Assistants, overall income ranges from $29K near the bottom to $56K at the top; this can include more than $9K from bonuses and more than $10K from profit sharing in exceptional cases. Compensation for this group is mainly affected by geographic location, but years of experience and the individual firm are influential factors as well. Most Financial Advisor Assistants like their work and job satisfaction is high. Not all workers are lucky enough to have benefits; in fact, roughly one-half are without coverage. Medical insurance is claimed by just under one-half and dental insurance is reported by nearly one in three. Men are in the minority of survey respondents, with female Financial Advisor Assistants making up 72 percent. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$30,189 - $58,780
$30K
$42K
$59K
MEDIAN: $41,724
10%
50%
90%

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$12.05 - $21.55
$12
$16
$22
MEDIAN: $16.39
10%
50%
90%

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$0$58K
Salary $30,189 - $58,780
Bonus $971 - $8,898
Profit Sharing $1,030 - $9,696
Commission $6,750
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).
)
$28,634 - $56,454
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 261
Hourly Data $0$32
Hourly Rate $12.05 - $21.55
Overtime $18.09 - $32.17
Annual Data $0$56K
Bonus $971 - $8,898
Commission $6,750
Profit Sharing $1,030 - $9,696
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).
)
$28,634 - $56,454
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 204

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

Popular Employer Salaries for Financial Advisor Assistant


The pay scale is far from balanced at The Northwestern Mutual Life Insurance Company. While salaries on one end can reach $57K, the company's median pay sits at $36K, the lowest in the field.

Popular Skills for Financial Advisor Assistant


Survey respondents exploit a significant toolbox of skills in their work. 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 21 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: $39,589

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

Houston offers some of the highest pay in the country for Financial Advisor Assistants, 33 percent above the national average. Financial Advisor Assistants can also look forward to large paychecks in cities like Seattle (+27 percent), Indianapolis (+26 percent), Dallas (+21 percent), and Minneapolis (+16 percent). Financial Advisor Assistants in Denver earn salaries far below the national average by 21 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Employers also pay below the national average in Toledo (19 percent lower) and St. Louis (13 percent lower).

Financial Advisor Assistant Reviews

Q: What is it like working as a Financial Advisor Assistant?

Financial Advisor Assistant in Oxford:
Pros: Great atmosphere and enjoy helping people.
Cons:

Related Job Salaries

Key Stats for Financial Advisor Assistant

Gender

Female
72 %
Male
28 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.
Less than 1 year
6%
1-4 years
52%
5-9 years
21%
10-19 years
16%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Advisor Assistant Salaries

▲24%

▲22%

▲10%

National Average
$40,000

▼6%

Skills That Affect Financial Advisor Assistant Salaries

Financial Advisor
▲34%

Investment Planning
▲33%

Investment Management
▲21%

Operations Management
▲18%

Customer Relations
▲16%

Office Management
▲14%





Customer Service
▼0%

National Average
$40,000


Financial Applications
▼10%

Job Satisfaction

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

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
6%
1-4 years
52%
5-9 years
21%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 47%
dental benefits
Dental: 32%
vision benefits
Vision: 23%
no benefits
None: 50%
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