Personal Financial Advisor Salary

Updated: 28 May 2012
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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$24,590 - $100,233  
   
Bonus$960 - $29,032  
Profit Sharing$1,002 - $15,546  
Commission$2,923 - $91,231  
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).
)
$29,435 - $125,508  
PayScale
Country: United States | Currency: USD | Updated: 28 May 2012 | Individuals Reporting: 365
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Job Listings for Personal Financial Advisor Jobs

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company salaries
Companies and Industries for Personal Financial Advisor Salaries

Popular Employers

Salary Range

Ameriprise Financial, Inc.$29,277 - $60,000
Edward Jones Investments$28,300 - $40,695
Waddell & Reed Financial Inc$23,981 - $32,500
Edward JonesNot enough data
AmeripriseNot enough data
Popular Industries

Salary Range

Financial Services$27,368 - $87,553
Financial Planning$26,555 - $91,583
Insurance & Financial Services$27,836 - $87,917
Investment Services$27,250 - $89,091
Banking$26,154 - $78,937

key statistics
Key Statistics for Personal Financial Advisor Salaries and Jobs

Gender
Female
26%
female alumni
 
Male
74%
male alumni
Salary:$37,157 - $68,734 $35,862 - $73,864
Years of Experience
Less than 1 year
10%
1-4 years
38%
5-9 years
26%
10-19 years
19%
20 years or more
6%
Most Common Health Benefits
medical benefits Medical: 76% dental benefits Dental: 55%
vision benefits Vision: 40% employee benefits None: 23%

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career path
Career Path for Personal Financial Advisor Jobs

Common Past Jobs
Common Future Jobs

Personal Financial Advisor

Salary Range

$29,435 - $125,508
payscale
Financial Advisor
$29,507 - $124,348
Sales Associate
$15,544 - $56,128
Customer Service Representative (CSR)
$19,425 - $41,699
 
Common Future Jobs

Personal Financial Advisor

Salary Range

$29,435 - $125,508
payscale
Certified Financial Planner (CFP)
$39,933 - $128,832
Branch Manager, Banking
$34,306 - $72,874
Wholesaler, Financial Services
$42,070 - $172,119
 

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

sample job description
Personal Financial Advisor Job Description

People with the job title Personal Financial Advisor typically fall into one of the following PayScale standard occupations.

Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives to establish investment strategies.

See Sample Job Descriptions for All Jobs

salaries
FAQs on Salaries for Personal Financial Advisor Jobs

What is the Average Salary of a Financial Advisor?

Financial planning is always a good idea, but with the entire nation feeling the effects of a struggling economy, Americans need to be especially savvy about planning for their futures. With the bewildering array of investment options available, however, most of us don't even know where to start. A financial advisor helps people get the most out of the assets they already have and gives advice on short-term and long-term financial goals. In addition to the immense satisfaction of helping clients achieve their full monetary potential, a financial advisor has the skills to put his or her own money to work as well. This brings us to the question of financial advisor salaries. What is a financial advisor's salary like? PayScale's salary data has the answer.

Financial Advisor Salary by Location

As in other professions, financial advisor salaries will vary in different regions. A common question from aspiring financial advisors is, "What is the average salary of a financial advisor in New York or other large cities?" Comparing Financial Advisor Salaries by State to the Average Salary of a Financial Advisor by City, you can see that California and New York both offer high salaries, but a financial advisor's salary in each of these states is generally higher in big cities like Los Angeles and New York City than in the states as a whole. Clearly, large urban areas are the best bet when it comes to the average salary of a financial advisor. Of course, a financial advisor's salary will also be affected by the cost of living in different areas. Use the PayScale Cost of Living Calculator to research both Cost of Living and the Average Salary of a Financial Advisor in cities like New York.

Education and Financial Advisor Salaries

Another factor that influences financial advisor salaries is education. When it comes to financial matters, people want to make sure they are dealing with someone who knows what he or she is talking about, and one way to show that is to obtain an advanced degree. Take a look at the Financial Advisor Salary by Degree chart to see how the average salary of a financial advisor with an MBA compares to the average salary of a financial advisor with a bachelor's degree. Of course, some say experience is the best teacher, and comparing the Entry-Level Salary for a Financial Adviser to the salary for more experienced professionals shows that salaries can increase dramatically during an advisor's career.

Financial Advisor Salary Story

In his time as a financial advisor and wealth manager, Russell Bailyn has seen a lot. Take your research on financial advisor salaries to the next level by learning from his experience in "Career as a Financial Advisor," an interview in the Salary Stories blog.

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