A large fraction of take-home pay for Investment Advisors comes from commissions — just under one in three on average, in fact. The median overall income in this field is approximately $74K. In the world of Investment Advisors, total cash compensation can vary between $42K and $184K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $50K and $34K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career duration. Job satisfaction for Investment Advisors is high. Roughly a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and over one-half claim dental coverage as well. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$39,198 - $149,776
(Median)
$39K
$64K
$150K
MEDIAN: $64,203
10%
50%
90%

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$15.70 - $26.80
(Median)
$
$20
$
MEDIAN: $19.00
50%

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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$70K$140K$210K
Salary
$39,198 - $149,776  
   
Bonus
$1,532 - $49,665  
Profit Sharing
$-0.49 - $33,935  
Commission
$7,550 - $64,635  
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).
)
$41,977 - $184,357  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 256
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$50$100$150
Hourly Rate
$20.00  
   
Overtime
$39.45  
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$100K$200K$300K
Bonus
$1,532 - $49,665  
   
Commission
$7,550 - $64,635  
Profit Sharing
$-0.49 - $33,935  
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).
)
$41,977 - $184,357  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 9
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Job Description for Investment Advisor

Banks and financial institutions employ investment advisors to work with existing customers to update their portfolio as needs, economic climate, and and their financial situations change. The advisor also works to attract new clients and customers as well, marketing themselves and their financial institution’s investment services.

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Investment Advisor Tasks

  • Follow-up with clients on plans, track successes, and inform about modifications.
  • Assist clients with estate management, tax returns, budgets, or other financial tasks.
  • Guide clients through financial self-analysis, including goal setting and advice to reach goals.

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Popular Skills for Investment Advisor


Survey results imply that Investment Advisors put a diverse skill set to use. Most notably, skills in Portfolio Management, Investment Management, Sales, and Investment Planning are correlated to pay that is above average. Those listing Client Interaction as a skill should be prepared for drastically lower pay. Financial Analysis and Investment Planning also typically command lower compensation. Most people skilled in Investment Management are similarly competent in Investment Planning.

Pay by Experience Level for Investment Advisor

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


Investment Advisors generally obtain higher compensation for more plentiful past experience. Salaries for inexperienced workers average out to $78K, and those with five to 10 years' experience earn a higher median of $56K. Professionals who claim 10 to 20 years of experience can secure some pretty cushy paychecks; the median for this group is a six-figure $120K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $130K.

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Experience Affects Investment Advisor Salaries




National Average
$74,000


Skills That Affect Investment Advisor Salaries

Portfolio Management
up arrow 4%

Investment Management
0%

National Average
$74,000

Sales
up arrow 2%


Financial Analysis
up arrow 25%

Client Interaction
up arrow 39%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
20 %
Male
80 %

Years of Experience

Less than 1 year
4%
1-4 years
31%
5-9 years
22%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 72%
dental benefits
Dental: 54%
medical benefits
Vision: 47%
dental benefits
None: 25%
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