Investment Consultant Salary

Commissions comprise a big part of overall income for Investment Consultants. The median take-home amount in this area is around $72K, and on average, roughly a fourth of that final number comes from commissions. Overall cash earnings for Investment Consultants stretch from $46K on the lower end to $145K near the top, and the heftiest packages can encompass around $36K from bonuses and $19K from profit sharing. Earnings for this group are mostly affected by career duration, followed by the particular city and the particular employer. Medical benefits are awarded to almost all, and a large number earn dental coverage. Most workers in this position report moderate levels of job satisfaction. Investment Consultants who took the survey are largely men, dominating at 86 percent. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$42,439 - $125,271
$42K
$62K
$130K
MEDIAN: $61,735
10%
50%
90%

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$14.93 - $26.36
$15
$21
$26
MEDIAN: $21.32
10%
50%
90%

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$0$144K
Salary $42,439 - $125,271
Bonus $3,000 - $35,553
Profit Sharing $515 - $19,392
Commission $2,466 - $49,493
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).
)
$45,550 - $144,564
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 164
Hourly Data $0$41
Hourly Rate $14.93 - $26.36
Overtime $34.42
Annual Data $0$144K
Bonus $3,000 - $35,553
Commission $2,466 - $49,493
Profit Sharing $515 - $19,392
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).
)
$45,550 - $144,564
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 17

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United States (change)

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Job Description for Investment Consultant

The investment consultant holds an advisory position and works with their company's clients or as a contractor for multiple organizations. Brokerage firms and investment advisory companies are typical employers for investment consultants. The investment consultant is responsible for making calls to prospective and current clients, resolving their concerns and issues, and strengthening relationships. They help clients manage their portfolios, make suggestions, figure out the client's goals, and establish plans to achieve those aims. These professionals must track interactions with clients through a customer relationship system software. The consultant must be comfortable speaking with a wide variety of people, and they may also work with other branches and divisions of their company to serve clients as well.

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Investment Consultant Tasks

  • Generate sales opportunities by promoting products and services to existing and potential clients.
  • Identify and follow-up on opportunities to expand client assets.
  • Manage client investments by analyzing client’s finances, identifying needs, and developing goals and financial plans.
  • Assist with the development and facilitation of seminars and marketing development plans.

Investment Consultant Job Listings

Popular Employer Salaries for Investment Consultant


For Investment Consultants, comfortable salaries can be found at TD Ameritrade, Inc; in fact, median earnings sit around $105K, the highest in the area.

Known for its small paychecks, Scottrade, Inc. actually ranks last in the field for salary, reporting a median income of $59K — 78 percent lower than the top payer.

Popular Skills for Investment Consultant


Investment Consultants report using a diverse set of skills on the job. Most notably, facility with Financial Analysis and Investment Management are correlated to pay that is significantly above average, leading to increases of 26 percent and 11 percent, respectively. Skills that pay less than market rate include Investment Planning and Financial Advisor. For most people, competency in Financial Analysis indicates knowledge of Sales.

Pay by Experience Level for Investment Consultant

Pay by Experience for an Investment Consultant has a positive trend. An entry-level Investment Consultant with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 83 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Investment Consultant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $81,000 based on 75 salaries. An experienced Investment Consultant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $120,000 based on 43 salaries. An Investment Consultant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $192,000 based on 9 salaries.

Pay Difference by Location

National Average: $71,946

Larger city markers indicate a job is popular in that location.

For those looking to make money, Investment Consultants in San Francisco enjoy an exceptional pay rate, 112 percent above the national average. Investment Consultants will also find cushy salaries in Boston (+107 percent), Los Angeles (+74 percent), Chicago (+53 percent), and Atlanta (+35 percent). Location significantly influences compensation, with Austin Investment Consultants earning much less — 36 percent less — than the national average. Employers pay around 21 percent less in Pittsburgh and 3 percent less in New York, below-median salaries for those in this field.

Related Job Salaries

Key Stats for Investment Consultant

Gender

Female
14 %
Male
86 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.
Less than 1 year
2%
1-4 years
37%
5-9 years
35%
10-19 years
20%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Investment Consultant Salaries

▲167%

▲67%

▲12%

National Average
$72,000

▼19%

Skills That Affect Investment Consultant Salaries



▲1%

National Average
$72,000

Financial Advisor
▼4%

Investment Planning
▼6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 33 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
2%
1-4 years
37%
5-9 years
35%
10-19 years
20%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
vision benefits
Vision: 77%
no benefits
None: 5%
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