Financial Advisor Assistant Salary

The median salary for Financial Advisor Assistants in the United States is $41K per year, and compared to other cities, New York offers the biggest paychecks at around $54K on average. Financial Advisor Assistants will also find cushy salaries in Seattle (+27 percent), Minneapolis (+19 percent), Indianapolis (+10 percent), and Columbus (+5 percent). The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$28,927 - $57,470
(Median)
$29K
$41K
$57K
MEDIAN: $40,867
10%
50%
90%

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$11.58 - $21.71
(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
$28,927 - $57,470  
   
Bonus
$463.69 - $10,183  
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).
)
$27,012 - $59,655  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 264
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
$11.58 - $21.71  
   
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
$463.69 - $10,183  
   
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).
)
$27,012 - $59,655  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 126
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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


The Northwestern Mutual Life Insurance Company offers the smallest salaries in town — $32K on average — but the considerable range in workers' salaries (stretching from $28K to $59K) creates a rather varied pay scale.

Popular Skills for Financial Advisor Assistant


Financial Advisor Assistants seem to require a rather large skill set. 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. The majority of those who know Client Interaction also know 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.


Respondents with less than five years' experience take home $37K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $44K. Financial Advisor Assistants claiming one to two decades of experience make an estimated median of $46K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Financial Advisor Assistants report making only $44K on average.

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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 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 63 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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