Financial Advisor Assistants in the United States are not likely to strike it rich; they only make around $41K per year on average. Total incomes of Financial Advisor Assistants incorporate potential for, in a few cases, more than $10K from bonuses and close to $17K from profit sharing; these performance components cause packages to range between $29K and $59K. Geographic location is the main element affecting pay for this group — years of experience and the particular employer are driving factors as well. While some workers in this profession — about one-half — do not have any health coverage, approximately one-half do receive medical benefits and just under a third have dental insurance. Most Financial Advisor Assistants survey respondents are women (75 percent). Work is enjoyable for Financial Advisor Assistants, who typically claim high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$30,163 - $59,475
(Median)
$30K
$41K
$59K
MEDIAN: $41,212
10%
50%
90%

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$12.15 - $21.40
(Median)
$12
$16
$21
MEDIAN: $16.00
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$20K$40K$60K
Salary
$30,163 - $59,475  
   
Bonus
$970 - $9,857  
Profit Sharing
$1,192 - $16,611  
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).
)
$29,398 - $58,622  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 303
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
$12.15 - $21.40  
   
Overtime
$9.00 - $32.28  
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
$970 - $9,857  
   
Commission
$5,500  
Profit Sharing
$1,192 - $16,611  
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).
)
$29,398 - $58,622  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 192
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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


Popular Skills for Financial Advisor Assistant


Survey participants wield an impressively varied skill set on the job. Most notably, facility with Customer Relations, Investment Planning, and Financial Advisor are correlated to pay that is significantly above average, leading to increases of 35 percent, 34 percent, and 33 percent, respectively. Skills that seem to negatively impact pay 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.


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 $48K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $45K.

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Experience Affects Financial Advisor Assistant Salaries




National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Customer Relations
up arrow 35%

Investment Planning
up arrow 34%

Financial Advisor
up arrow 33%

Investment Management
up arrow 20%

Operations Management
up arrow 17%

Financial Analysis
up arrow 14%

Office Management
up arrow 13%


Customer Relationship Management (CRM)
up arrow 4%

Client Interaction
up arrow 1%

Customer Service
up arrow 1%

National Average
$40,000


Financial Applications
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
6%
1-4 years
54%
5-9 years
18%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 50%
dental benefits
Dental: 30%
medical benefits
Vision: 23%
dental benefits
None: 48%
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