The average salary for a Financial Advisor is C$49,232.
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C$39k - C$64k
C$2k - C$10k
C$1 - C$6k
C$3k - C$70k
C$39k - C$72k
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Job Description for Financial Advisor
Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions. Financial advisors help clients plan for both short-ter…Read more
Financial Advisor Tasks
- Interview clients and gather information to determine strategies for financial investments.
- Prospect and maintain clientele.
- Recommend and sell financial plans and products that will help meet financial goals.
Popular Employer Salaries for Financial Advisor
The top respondents for the job title Financial Advisor are from the companies TD Canadatrust, Scotiabank and Scotia Bank. Reported salaries are highest at Canadian Imperial Bank of Commerce (CIBC) where the average pay is C$55,863. Other companies that offer high salaries for this role include TD Canadatrust and TD Canada, earning around C$50,278 and C$49,999, respectively. Scotia Bank pays the lowest at around C$46,207. RBC Bank and Scotiabank also pay on the lower end of the scale, paying C$46,916 and C$48,014, respectively.
Financial Advisor Job Listings
Popular Skills for Financial Advisor
Skills in Financial Advisor and Investment Planning are correlated to pay that is above average. Skills that pay less than market rate include Client Interaction, Financial Analysis and Sales.
Pay by Experience Level for Financial Advisor
An entry-level Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of C$41,787 based on 298 salaries. An early career Financial Advisor with 1-4 years of experience earns an average total compensation of C$47,137 based on 706 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of C$51,514 based on 354 salaries. An experienced Financial Advisor with 10-19 years of experience earns an average total compensation of C$53,960 based on 226 salaries. In their late career (20 years and higher), employees earn an average total compensation of C$58,494.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Financial Advisor in their job title in Vancouver, British Columbia earn an average of 3.1% more than the national average. These job titles also find higher than average salaries in Toronto, Ontario (1.1% more) and Calgary, Alberta (1.0% more). The lowest salaries can be found in Regina, Saskatchewan (3.1% less) and Ottawa, Ontario (2.7% less).
Years of Experience
This data is based on 1,688 survey responses.
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