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Financial Advisor Assistant Salary

The median pay for Financial Advisor Assistants comes out to approximately $41K per year in the United States, but employers in New York offer the most; the average salary in that city is around $56K. Financial Advisor Assistants will also find cushy salaries in Seattle (+27 percent) and Columbus (+23 percent). Participants in PayScale's salary questionnaire provided the particulars of this report.
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$28,006 - $58,645
(Median)
$28K
$41K
$59K
MEDIAN: $41,158
10%
50%
90%

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$11.16 - $21.82
(Median)
$11
$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$21K$42K$63K
Salary
$28,006 - $58,645  
   
Bonus
$405.47 - $10,203  
Profit Sharing
$900 - $15,742  
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).
)
$26,271 - $60,765  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 223
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$11$22$33
Hourly Rate
$11.16 - $21.82  
   
Overtime
$6.17 - $21.66  
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$22K$44K$66K
Bonus
$405.47 - $10,203  
   
Commission
$1,500 - $15,000  
Profit Sharing
$900 - $15,742  
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).
)
$26,271 - $60,765  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 100

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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


Financial Advisor Assistants generally report applying a varied skill set to their work. Most notably, facility with Operations Management, Investment Planning, and Office Management are correlated to pay that is significantly above average, leading to increases of 27 percent, 26 percent, and 18 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Client Interaction. Most people skilled in Client Interaction are similarly competent 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.


Salaries for the relatively untried average out to around $37K, but survey participants with five to 10 years of experience earn a significantly higher median of $43K. The average pay reported by folks with 10 to 20 years of experience is around $47K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $43K by contrast.

Related Job Salaries

United States (change)

Experience Affects Financial Advisor Assistant Salaries

Experienced
up arrow 18%

Mid-Career
up arrow 8%

Late-Career
up arrow 8%

National Average
$40,000


Skills That Affect Financial Advisor Assistant Salaries

Operations Management
up arrow 27%

Investment Planning
up arrow 26%

Office Management
up arrow 18%

Financial Analysis
up arrow 15%

Financial Applications
up arrow 13%

Financial Advisor
up arrow 6%

Customer Service
up arrow 4%

Customer Relationship Management (CRM)
up arrow 2%

National Average
$40,000

Client Interaction
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
52%
5-9 years
24%
10-19 years
15%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 51% dental benefits Dental: 33%
vision benefits Vision: 20% employee benefits None: 47%