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Financial Advisor Assistant Salary

Financial Advisor Assistants earn around $41K annually on average in the United States, but employers pay the most in New York, offering approximately $58K at the median. Financial Advisor Assistants will also find cushy salaries in Seattle (+29 percent) and Columbus (+26 percent). Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$27,192 - $58,242
(Median)
27K
34K
41K
50K
58K
MEDIAN: $41,272
10%
25%
50%
75%
90%

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$11.00 - $21.11
(Median)
11
15
18
21
MEDIAN: $15.00
10%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$27,192 - $58,242  
   
Bonus
$255.32 - $10,168  
Profit Sharing
$811 - $14,844  
Commission
$1,500 - $15,000  
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).
)
$25,754 - $59,946  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 174
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$10$20$30
Hourly Rate
$11.00 - $21.11  
   
Overtime
$20.32 - $22.01  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Bonus
$255.32 - $10,168  
   
Commission
$1,500 - $15,000  
Profit Sharing
$811 - $14,844  
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).
)
$25,754 - $59,946  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 86
United States (change)

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



Financial Advisor Assistants report using a pretty varied skill set on the job. Most notably, facility with Operations Management, Investment Planning, and Office Management are correlated to pay that is significantly above average, leading to increases of 29 percent, 25 percent, and 18 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Financial Applications, Financial Analysis, and Client Interaction. Customer Service is a skill commonly found among those who know Client Interaction.

Pay by Experience Level for Financial Advisor Assistant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Although individuals who have less than five years' experience earn $36K on average, people with five to 10 years benefit from a notably larger average of $43K. After working for 10 to 20 years, Financial Advisor Assistants make a median salary of $45K. Financial Advisor Assistants who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $40K.

Related Job Salaries

Experience Affects Financial Advisor Assistant Salaries

Experienced
up arrow 16%

Mid-Career
up arrow 9%

Late-Career
up arrow 2%

National Average
$39,000

Entry-Level
up arrow 8%

Skills That Affect Financial Advisor Assistant Salaries

Operations Management
up arrow 29%

Investment Planning
up arrow 25%

Office Management
up arrow 18%

Financial Advisor
up arrow 8%

Customer Service
up arrow 2%

National Average
$39,000

Client Interaction
up arrow 4%

Customer Relationship Management (CRM)
up arrow 4%

Financial Applications
up arrow 5%

Financial Analysis
up arrow 5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 51 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
5%
1-4 years
51%
5-9 years
25%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 53% dental benefits Dental: 38%
vision benefits Vision: 22% employee benefits None: 44%