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Personal Financial Advisor Salary

Change Country United States » Job » Personal Financial Advisor Overview » Personal Financial Advisor Salary
Updated: 13 Jun 2013
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Rated 5 out of 5 based on 42 Personal Financial Advisor votes.
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Personal Financial Advisor 2013 Total Pay (?
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.
)
$33,569 - $131,559
(Median)
0
34K
63K
91K
130K
MEDIAN: $63,123
10%
50%
75%
90%

Personal Financial Advisor Job Listings

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national salary data
National Salary Data

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$50K$100K$150K
Salary$30,125 - $105,780  
   
Bonus$0.00 - $25,168  
Profit Sharing$993 - $18,383  
Commission$0.00 - $60,402  
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).
)
$33,569 - $131,559  
PayScale
Country: United States | Currency: USD | Updated: 13 Jun 2013 | Individuals Reporting: 165

Job Description for Personal Financial Advisor

A personal financial advisor assists individuals with reaching financial objectives and educational goals, retirement and estate planning, and other investing decisions, and they make insurance/risk management recommendations for their clients. Entry into the financial advising field generally requires a bachelor's degree, preferably in accounting, finance, or a related field. The certified financial planner (CFP) designation is the preferred professional qualification. Additional licensing may be mandated by state and federal regulations. Common license requirements include Series 6, 7, 63, or 66. Continuing professional education hours are needed to maintain certification and licenses. Many successful advisors have prior customer service or sales experience.
Working as a personal financial advisor demands analytical skills and interpersonal skills. An advisor works frequently with computers and calculators to perform relevant computations. He/she should be comfortable reading financial reports and interpreting data. Personal financial advisors should be familiar with varied financial instruments and able to understand their benefits and risks as applied to client situations. While most work may be performed in a professional office during traditional business hours, it may be necessary to meet clients in their homes or places of business. Building the client relationship is the key to success. A personal financial advisor takes the time to understand the financial objectives of the client and tailors strategies to the deadlines and priorities of the client. The relationship is ongoing, and a successful advisor assesses client progress on a regular basis and may need to adjust recommendations. The development of prospective client relationships comprises a substantial percentage of the advisor's time.
Personal Financial Advisor Tasks
  • Recommend and sell financial plans and products that will help meet financial goals.
  • Prospect and maintain clientele.
  • Interview clients and gather information to determine strategies for financial investments.
Read more about: Personal Financial Advisors
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company salaries
Companies and Industries for Personal Financial Advisor Salaries

Popular Industries

Salary Range

Financial Services$29,464 - $92,813
Financial Planning$28,377 - $98,153
Banking$28,270 - $85,219
Investment Services$29,349 - $95,326
Accounting, Auditing and Tax Services$29,822 - $91,001
Popular Employers

Salary Range

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key statistics
Key Statistics for Personal Financial Advisor Salaries and Jobs

Female
31%
female alumni
 
Male
69%
male alumni
Salary:$38,871 - $72,455 $39,604 - $74,425
Years of Experience
Less than 1 year
7%
1-4 years
38%
5-9 years
30%
10-19 years
18%
20 years or more
7%
Most Common Health Benefits
medical benefits Medical: 82% dental benefits Dental: 60%
vision benefits Vision: 51% employee benefits None: 17%

alumni reports
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career path
Career Path for Personal Financial Advisor Jobs

Common Past Jobs
Common Future Jobs

Personal Financial Advisor

Salary Range

$33,569 - $131,559
payscale
Financial Advisor
$29,781 - $129,735
Sales Associate
$15,605 - $55,622
Customer Service Representative (CSR)
$19,542 - $41,605
 
Common Future Jobs

Personal Financial Advisor

Salary Range

$33,569 - $131,559
payscale
Certified Financial Planner (CFP)
$40,108 - $128,877
Branch Manager, Banking
$34,291 - $72,158
Wholesaler, Financial Services
$42,110 - $165,888
 

career path
Salary Map for Personal Financial Advisor Jobs

Highest Salaries By City for Personal Financial Advisor Jobs

Top Cities by Popularity for Personal Financial Advisor Jobs

Highest Salaries By City Top Cities by Popularity

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