Financial Advisor Assistant Salary

The median salary for Financial Advisor Assistants in the United States is $41K annually, and compared to other cities, New York offers the biggest paychecks at around $54K on average. Financial Advisor Assistants can also look forward to large paychecks in cities like Seattle (+27 percent), Minneapolis (+19 percent), Indianapolis (+10 percent), and Columbus (+5 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
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$28,845 - $57,653
(Median)
$29K
$41K
$58K
MEDIAN: $40,794
10%
50%
90%

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$11.54 - $21.79
(Median)
$12
$15
$22
MEDIAN: $15.00
10%
50%
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
$28,845 - $57,653  
   
Bonus
$481.24 - $10,244  
Profit Sharing
$970 - $15,508  
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).
)
$27,035 - $59,788  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 260
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
$11.54 - $21.79  
   
Overtime
$1.53 - $25.03  
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
$481.24 - $10,244  
   
Commission
$3,052 - $12,101  
Profit Sharing
$970 - $15,508  
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).
)
$27,035 - $59,788  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 122
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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


Employees of The Northwestern Mutual Life Insurance Company can expect to make the least, with the company offering a median salary of $32K; however, pay is widely dispersed from top to bottom, ranging from $28K to $59K.

Popular Skills for Financial Advisor Assistant


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Investment Planning, Customer Relations, and Operations Management are correlated to pay that is significantly above average, leading to increases of 36 percent, 34 percent, and 27 percent, respectively. For most people, competency in Client Interaction indicates knowledge of 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.


Although individuals who have less than five years' experience earn $37K on average, people with five to 10 years benefit from a notably larger average of $44K. On average, Financial Advisor Assistants make $46K following one to two decades on the job. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $44K.

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Experience Affects Financial Advisor Assistant Salaries



Late-Career
up arrow 10%

National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Investment Planning
up arrow 36%

Customer Relations
up arrow 34%

Operations Management
up arrow 27%

Financial Analysis
up arrow 16%

Office Management
up arrow 16%

Financial Applications
up arrow 13%

Compliance (Financial)
up arrow 7%

Financial Advisor
up arrow 6%

Customer Service
up arrow 2%

Customer Relationship Management (CRM)
0%

National Average
$40,000

Client Interaction
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 62 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: 52% dental benefits Dental: 33%
vision benefits Vision: 22% employee benefits None: 46%
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